Rating Agency Malaysia (RAM) has reaffirmed Lafarge Malayan Cement’s (LMC) RM350 million (US$101.43 million) Murabahah Commercial Papers/ Medium-Term Notes (MCP/MTN)’s long and short-term ratings at A1 and P1 with a stable outlook.
LMC’s reaffirmation is based on its credit strength and is supported by its strong business profile as Malaysia’s largest integrated cement manufacturer.
The company is also banking on Lafarge SA’s international network to export cement and increase levels of capacity utilization for its clinker production to 90%. The outlook for the construction industry currently stands at a favorable 4% year-on-year growth as at 31st March 2007, boosting LMC’s future prospects.