22.03.2012 - Update on MRCB Southern Link's Senior and Junior Sukuk ratings
RAM Ratings has maintained the respective AA3 and A2 ratings of MRCB Southern Link Berhad's RM845 million Secured Senior Sukuk and RM199 million Junior Sukuk . Meanwhile, the ratings of the Senior and Junior Sukuk continue to be on negative Rating Watch. On 9 March 2012, the Prime Minister announced that motorists who do not use the Eastern Dispersal Link Expressway ("EDL") will not be required to pay toll charges. The announcement differs from the terms of the concession agreement, under which all motorists (with the exception of motorcycles) that use the JB-Singapore Causeway must pay the EDL toll charges...............................................Full Article: Source
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