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From Btimes.com.my: Borcos Shipping Sdn Bhd, Malaysia’s second-largest provider of offshore support vessels, had the A1 rating on RM160 million of Islamic medium-term notes placed on rating watch with a negative outlook at RAM Rating Services Sdn Bhd.
This reflects a decline in daily charter rates and low utilization of its offshore support vessels, RAM said in a report today. A1 is RAM’s fifth-highest investment grade……………………………………….Full Article: Source
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Islamic Finance Briefing - Categorized | Bonds (Sukuk), Performance more
Negative outlook for Borcos Shipping sukuk
| Posted on 30 September 2010 |
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