MARC affirms MISC’s rating with stable outlook MARC has affirmed its AAAIS rating on MISC Berhad’s RM2.5 billion Islamic Medium-Term Notes programme with a stable outlook. The affirmed rating incorporates MISC’s position as a key global player in the energy-related shipping business, its stable revenue generation from long-term liquefied natural gas (LNG) and offshore contracts, as well as its healthy liquidity position. The rating continues to benefit from an uplift on the credit strength of parent Petroliam Nasional Berhad (PETRONAS), which has a AAA/Stable public information rating from MARC. The rating uplift is based on the strong parental support from PETRONAS for which MISC serves as the main LNG shipping provider as well as the close operational and financial integration between these companies.