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RAM Rating Services downgraded the long-term ratings of MRCB Southern Link Bhd’s RM845mil secured Senior Sukuk and RM199mil Junior Sukuk and there was a high likelihood of defaulting on both Sukuk on Dec 21, 2012.
Below is the statement issued by RAM Ratings on Thursday: RAM Ratings has downgraded the long-term ratings of MRCB Southern Link Bhd’s RM845mil secured Senior Sukuk(2008/2025) and RM199mil Junior Sukuk (2008/2027), to BB3 (from A2) and C1 (from BBB2); both ratings remain on negative Rating Watch………………………………………..Full Article: Source
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RAM downgrades MRCB Southern Link’s senior, junior Sukuk
| Posted on 24 August 2012 |
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