Malaysia MARC Rates Top Glove MARC-1ID

Kuala Lumpur — Malaysian Rating Corp (MARC) has assigned short- and long-term ratings of MARC-1ID and AA-ID respectively to Top Glove Corporation Bhd’s proposed Islamic Commercial Papers Programme of up to RM100 million in nominal value and Islamic Medium Term Notes Programme of up to RM100 million in nominal value.

MARC said the ratings reflect the Top Glove’s competitive position as the world’s largest rubber glove manufacturer; its aggressive capacity expansion underpinned by increasing demand for rubber gloves; consistently strong financial profile characterised by stable…

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