Serba Dinamik’s MYR 1.5 Billion Multi-Currency ICP/IMTN Programmes Rated MARC-1IS/A+IS: MARC

Malaysian Rating Corporation (MARC) has assigned MARC-1IS/A+IS ratings to Serba Dinamik Holdings’ (Serba Dinamik) MYR 500 million multi-currency Islamic Commercial Papers (ICP) Programme and MYR 1.5 billion Islamic Medium-Term Notes (IMTN) Programme with a combined limit of MYR 1.5 billion, with a Stable Outlook. Serba Dinamik is an international oil and gas solution provider based in Malaysia.

Ratings Rationale

The ratings reflect Serba Dinamik’s operations and maintenance (O&M) order book, based on a strong track record in the O&M of rotating and static equipment. In addition, the ratings reflect the group’s sturdy relationship with PETRONAS within Malaysia, as well as other state-owned oil corporations abroad, enabling it...