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Sentoria's Proposed MTN Gets AAA(bg)/Stable Rating

KUALA LUMPUR, July 14 (Bernama) -- RAM Ratings has assigned AAA(bg)/Stable rating to Sentoria Group Bhd's proposed Bank-Guaranteed MTN programme of up to RM120 million in nominal value (2014/2021).

"The enhanced rating reflects the unconditional and irrevocable guarantee extended by Bank Pembangunan Malaysia Bhd, which enhances the credit risk profile of the proposed MTN beyond Sentoria's credit standing.

"Meanwhile, Sentoria has the option to upsize the MTN programme limit, subject to approval from the Securities Commission," RAM Ratings said in a statement.

The rating agency said Sentoria has a good track record in the affordable-housing segment in Pahang and a short operating track record in the theme park and hospitality industries.

"Going forward, Sentoria has put in place ambitious expansion plans," it added.

-- BERNAMA




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