Text-MARC revises DRB-Hicom Bhd's rating outlook to negative


(Text released by the ratings agency) KUALA LUMPUR, Feb 27 - - Malaysian Rating Corporation (MARC) has revised the outlook on DRB-HICOM Berhad's (DRB-HICOM) AA-IS sukuk rating on its 1.8 billion ringgit ($597.51 million) Islamic Medium Term Notes (IMTN) programme to negative from stable. The outlook revision recognises the potential weakening of DRB-HICOM's near-to-intermediate term financial profile due to its debt-funded acquisition of Proton Holdings Berhad (Proton). DRB-HICOM is ...

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