KUALA LUMPUR, Feb 2 — Fitch Ratings said it will no longer rate Genting Singapore PLC staring in March over unstated "commercial reasons.”

In a statement reported by The Edge, the firm said it was its prerogative to end coverage of any stock or entity.

Currently, its long-term foreign and local-currency issuer default ratings for casino and hotel operator Genting Singapore were "A-,” adding that both have stable outlooks.

"We plan to withdraw the ratings on Genting Singapore on or about 2 March 2018, which is approximately 30 days from the date of this commentary, for commercial reasons,” Fitch said.

It claimed the withdrawal would benefit its own clients as the firm would be able to expand coverage elsewhere.

Fitch's last rating action for Genting Singapore was on June 29, 2017.

Locally-listed Genting Bhd is the majority owner of Genting Singapore that is publicly traded in the republic.