AA2 rating to anchor Malaysia Airport perp pricing

Malaysian Airport Holding's AA2 rating from RAM Ratings Services for its prospective debut perpetual deal will help guide the price discovery process if the issuer decides to launch a deal, said a banker on the transaction. Malaysian borrowers have only sold unrated perps in the past. But a large public deal with a strong rating means similarly rated Malaysian corporate debt offers an obvious starting point for pricing, the banker said.