MARC Assigns MARC-1IS and A+IS Preliminary Ratings to George Kent’s Proposed ICP and IMTN Programmes.

Malaysian Rating Corporation (MARC) has assigned preliminary ratings of MARC-1IS and A+IS to George Kent (Malaysia) Berhad’s (George Kent) proposed MYR 100 million Islamic Commercial Papers (ICP) Programme and MYR 500 million Islamic Medium-Term Notes (IMTN) Programme, with a combined limit of MYR 500 million, with a Stable Outlook.

George Kent is a Malaysian-based water meter manufacturer and supplier for residential, industrial and commercial sectors, and provides metering solutions for clients in Malaysia and abroad. MARC’s assigned ratings reflect George Kent’s conservative capital structure, robust liquidity, and stable water meter manufacturing business that is supported by a strong relationship network, brand recognition and a vast geographical footpri...