RAM Ratings has reaffirmed the AA2 ratings of Lingkaran Trans Kota Sdn Bhd’s (Litrak) Sukuk Musharakah Islamic Medium-Term Notes I Programme (IMTN I) of up to MYR 1.15 billion (2008/2023) and Sukuk Musharakah Islamic Medium-Term Notes II Programme (IMTN II) of up to MYR 300 million (2008/2023).
Both the long-term ratings have a stable outlook. Concurrently, we have withdrawn the P1 rating on the Company’s Islamic Commercial Papers Programme of up to MYR 100 million following confirmation that the facility’s validity period had lapsed………………………………………..Full Article: Source