MARC Ratings has revised its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) from AA- to A+ following the downgrade of parent WCT Holdings Berhad’s rating to A+ from AA-. WCT Holdings has provided a liquidity support undertaking to Segi Astana to ensure funds are sufficient or a refinancing is in place for Segi Astana’s final MTN redemption. The liquidity support had previously provided a one-notch uplift on Segi Astana’s standalone rating of A+ based on WCT Holdings’ then rating of AA-.

Segi Astana’s rating outlook has also been revised to stable from negative. It is the concessionaire for the integrated complex, gateway@klia2, at Kuala Lumpur International Airport Terminal 2 in Sepang, Selangor.