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From Thestar.com.my: Malaysian Rating Corp Bhd (MARC) has placed its AIS rating on Matang Highway Sdn Bhd’s RM70mil sukuk musharakah on MARCWatch Negative.
MARC said in a statement the rating action reflected concern about Matang’s ability to adequately meet the May 2011 redemption of its remaining RM15mil outstanding sukuk. Matang is a wholly-owned single-purpose funding vehicle of Zecon Bhd……………………………………….Full Article: Source
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Matang’s sukuk on MARCWatch Negative
| Posted on 14 December 2010 |
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