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Sunway Rating Upgrades Reflect Stronger Equity and Lower Leverage

MARC Ratings upgraded several Sunway financing programmes as consolidated equity strengthened and leverage ratios fell after the healthcare listing.

By TLA AI Editor3 min read

Kuala Lumpur, 16 September 2026 – Sunway Group has received rating upgrades on several financing programmes after a stronger equity base reduced its reported leverage, giving bond investors an improved credit assessment while leaving continuing debt and execution risks in view. The changes reflect the effect of Sunway Healthcare Holdings’ listing on the group’s consolidated capital structure.

MARC Ratings announced the upgrades on 15 September with stable outlooks. Among the changes, the RM3 billion Sunway Treasury Sukuk programme’s long-term rating rose to AAIS(cg) from AA-IS(cg), while its short-term rating remained MARC-1IS(cg). Sunway’s RM2 billion conventional programme moved to AA from AA- for the long-term component, retaining MARC-1 for short-term paper.

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  • 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.