Published on 08 Jan 2020.
RAM Ratings has made some amendments to the information on Jati Cakerawala Sdn Bhd’s liquidity position on Page 7 of its rating rationale. The amended rating rationale, republished on our website, supersedes the one released on 19 December 2019, with respect to the paragraph below:
“Adequate liquidity. Although purely an investment-holding company, Jati exhibits adequate liquidity amid TTPC’s strong operational performance and cash-generating ability. TTPC’s pre-financing cashflow is projected to come up to RM225 mil in fiscal 2020, when the Company is envisaged to receive up to RM165 mil of distributions from TTPC. This sum, coupled with Jati’s RM35.18 mil of cash and cash equivalents as at end-September 2019, is anticipated to cover the RM74 mil of profit and principal repayments on Jati’s Sukuk in fiscal 2020.”
Irfan Afifah Mohd Zaki
(603) 3385 2551
(603) 3385 2577
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