S&P affirms A- rating on Sarawak with stable outlook

0

KUALA LUMPUR: Standard & Poor’s (S&P) Ratings Services has affirmed its ‘A-’ long-term issuer credit rating on Sarawak, with a stable outlook.

It also affirmed the ‘axAA’ long-term Asean regional scale rating on Sarawak, the international rating agency said in a statement today.

At the same time, it affirmed the ‘A-’ issue ratings on Sarawak International Inc.’s US$800 million guaranteed notes (due August 2015), Equisar International Inc.’s US$800 million guaranteed notes (due June 2026) and SSG Resources Ltd.’s US$800 million guaranteed notes (due October 2022). — Bernama