Sun, August 8th, 2002 - Malaysia Rating Corp Bhd (MARC) has assigned a rating of A + to Kelang Multi Terminal Sdn Bhd's (KMT) RM350 million floating rate notes (2002/2009), MARC said in a statement on Tuesday.

MARC said the rating on KMT, the operator of Westport, reflected strong business fundamentals and operational efficiency, complemented by improving profitability indicators.

Offsetting this is its high, albeit moderating, gearing levels, said MARC.

Despite the slowdown in the US Economy coupled with the Sept 11 incident, Westport has continued to report outstanding growth in container volume since its commencement in 1995.