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RAM Ratings downgrades MRCB Southern Link’s Sukuk ratings

Posted on 09 August 2012

RAM Rating Services Bhd has downgraded MRCB Southern Link Bhd’s sukuk over the absence of a long-term solution to the 81-km Eastern Dispersal Link Expressway’s tolling issue.
RAM said on Wednesday it had lowered the rating of the RM845 million secured senior Sukuk (2008/2025) A2 from AA3. It also lowered the rating of the RM199mil juior Sukuk (2008/2027) to BBB2 from A2. Both ratings remain on negative Rating Watch………………………………………..Full Article: Source

 
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