Latest Breaking News On - Eleven malaysia holdings - Page 9 : comparemela.com

KUALA LUMPUR (April 20): Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of AA- to 7-Eleven Malaysia Holdings Bhd s proposed RM600 million medium-term notes (MTN) programme with a stable outlook to reflect the group s strong and established market position in the Malaysian convenience store segment. In a note today, MARC analysts said 7-Eleven Malaysia Holdings had proposed the MTN to refinance existing borrowings and as the convenience-store operator with about 2,400 stores nationwide is expected to continue its rapid pace of expansion with a target of opening 100 to 150 new outlets annually. The assigned rating mainly reflects 7-Eleven Malaysia Holdings strong and established market position in the convenience store segment, gained from a long operating track record with a wide store network that has supported stable earnings generation. 

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