09.08.2012 - RAM Ratings downgrades MRCB Southern Link's Sukuk ratings
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
Print