State of Sarawak 'A-' Rating Affirmed With Stable Outlook; SCS, SII, And SCI Ratings Affirmed - S&P Global Ratings’ Credit Research

State of Sarawak 'A-' Rating Affirmed With Stable Outlook; SCS, SII, And SCI Ratings Affirmed

State of Sarawak 'A-' Rating Affirmed With Stable Outlook; SCS, SII, And SCI Ratings Affirmed - S&P Global Ratings’ Credit Research
State of Sarawak 'A-' Rating Affirmed With Stable Outlook; SCS, SII, And SCI Ratings Affirmed
Published Oct 10, 2008
Published Oct 10, 2008
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SINGAPORE (Standard&Poor's) Oct. 10, 2008--Standard&Poor's Ratings Services said today that it had affirmed its 'A-' long-term foreign and local currency credit ratings on the State of Sarawak. The outlook is stable. At the same time, Standard&Poor's affirmed the 'A-' issue ratings on Sarawak Corporate Sukuk Inc.'s (SCS) US$350 million floating rate trust certificates (due 2009) and Sarawak International Inc.'s (SII) US$800 million guaranteed notes (due 2015). The 'AA' rating on Sarawak Capital Inc.'s (SCI) US$350 million credit-wrapped notes (due 2026) was also affirmed. "The ratings on Sarawak reflect the state's strong operating balances, robust liquid reserves, and its supportive relationship with the Federal Government of Malaysia [foreign currency A-/Stable/A-2; local currency A+/Stable/A-1]. These factors

  
Report Type:

Ratings Action

Issuer
GICS
Hotels, Resorts & Cruise Lines (25301020)
Sector
Global Issuers, Structured Finance
Country
Region
Emerging Markets
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "State of Sarawak 'A-' Rating Affirmed With Stable Outlook; SCS, SII, And SCI Ratings Affirmed" Oct 10, 2008. Alacra Store. Sep 30, 2020. <http://www.alacrastore.com/s-and-p-credit-research/State-of-Sarawak-A-Rating-Affirmed-With-Stable-Outlook-SCS-SII-And-SCI-Ratings-Affirmed-676114>
  
APA:
S&P Global Ratings’ Credit Research. (). State of Sarawak 'A-' Rating Affirmed With Stable Outlook; SCS, SII, And SCI Ratings Affirmed Oct 10, 2008. New York, NY: Alacra Store. Retrieved Sep 30, 2020 from <http://www.alacrastore.com/s-and-p-credit-research/State-of-Sarawak-A-Rating-Affirmed-With-Stable-Outlook-SCS-SII-And-SCI-Ratings-Affirmed-676114>
  
US$ 150.00
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