Sunday 12, December 2010 by

MARC affirms AAAID(S) rating on Kuching Port Authority's $57.4 million BaIDS

The rating is aligned to MARC's recently affirmed AAA/stable public information rating on the state of Sarawak. The BaIDS are rated at the same level as the Sarawak State Government (SSG) based on the high likelihood of government support assumptions given KPA's status as a state-owned port authority and a letter from the SSG expressing support for KPA's indebtedness under the BaIDS.