MISC Unperturbed by Downgrades

Monday, September 26, 2011

According to a report from The Star, Firm’s investment grade will enable it to raise funds despite being impacted by downturn. Moody's Investors Service has downgraded the issuer and senior unsecured ratings of MISC, the world's single-largest owner-operator of liquefied natural gas tankers. Standard & Poor's Ratings Services (S&P) also lowered its long-term corporate credit rating on MISC. MISC chairman Datuk George Ratilal, emphasised that it was more important to note that MISC was still an investment grade, which would still enable the company to raise funds in the future despite being impacted by the current downturn.

Source: The Star
 
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