07.01.2013 - RAM reaffirms Lekas sukuk ratings
RAM Ratings Services Bhd has reaffirmed its ratings of Lebuhraya Kajang-Seremban Sdn Bhd's (Lekas) RM785mil senior sukuk and RM633mil junior sukuk at BB1 and B1 respectively. However, the rating agency said the outlook on the ratings remained negative given the mismatch in Lekas' cashflow generation and its financing obligations. The 44-km highway commenced full tolling operations on Sept 21, 2010 and has the concession rights until May 2039...............................................Full Article: Source
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