Skip to content
Monday, 2 November 2026

The Ledger Asia

Trusted Insights. Asian Perspective.

Subscribe
Markets

WM Senibong Rating Holds at AA-IS as Leverage Rises

WM Senibong retains an AA-IS stable rating as revenue and sales support its credit profile, while higher borrowing makes leverage and planned equity fundraising key investor tests.

By TLA AI Editor3 min read

Kuala Lumpur, 2 November 2026 – WM Senibong Berhad said its wholly owned subsidiary, WM Senibong Capital Berhad, retains an AA-IS rating with a stable outlook for its Islamic Medium-Term Notes programme of up to RM1.0 billion. The rating action was published on 23 October, while the company’s press release arrived today, and the assessment balances a sizeable development pipeline against higher debt following land and infrastructure spending.

The rating applies to the subsidiary’s Sukuk Wakalah programme, with WM Senibong as the obligor. It is not a new sukuk issuance or a fresh RM1.0 billion cash raise: the programme’s ceiling should not be read as its current outstanding balance. The rating notice says the assessment reflects the property group’s Johor track record, project execution, sales and landbank, while also noting the effect of increased leverage.

Unlock the Full Article

This article is exclusive to The Ledger Asia Subsribers / PAID members.

Subscribe to Read More

Already have an account? Log in here

This content has been restricted to logged-in users only. Please log in to view this content.

Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.