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MARC REAFFIRMS RATING OF MALAYSIA'S IJM CORP.
KUALA LUMPUR, Aug 1 Asia Pulse - Malaysian Rating Corporation Berhad (MARC) has reaffirmed the A rating of IJM Corporation Berhad's (KLSE:IJMS) RM150 million (US$39.47 million) nominal value of 5 per cent redeemable unsecured bonds.
It said the rating reflects IJM's relatively strong financial profile, the diversity of its business, and competitive position domestically and internationally.
"The difficult domestic construction environment and the risks associated with international ventures continue to be the moderating factors to its credit quality rating," the rating agency said in a statement.
IJM's activities range from construction, properties, manufacturing and ...
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Source: HighBeam Research, MARC REAFFIRMS RATING OF MALAYSIA'S IJM CORP.