20.11.2012 - Highway sukuk on MARCWatch
Malaysian Rating Corp Bhd (MARC) has put Senai-Desaru Expressway Bhd's (SDEB) RM1.89bil nominal value senior sukuk ijarah medium term notes programme and its RM3.69bil nominal value junior sukuk ijarah medium term notes programme on MARCWatch negative. SDEB is the concession holder for the Senai-Pasir Gudang-Desaru Expressway, with the highway codename E22. MARC said in a press release that the MARCWatch Negative placement is due to the E22's weak traffic performance since commencing full operations after the opening of Package 3 in July 2011...............................................Full Article: Source
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