| 18.04.2013 - MARC downgrades Perwaja Steel's RM400m Islamic debt rating |
| Perwaja Steel Sdn Bhd's weak financial risk profile has prompted Malaysian Rating Corporation Bhd (MARC) to lower its rating on the steelmaker's RM400mil Islamic debt notes. MARC said on Wednesday it lowered the Murabahah medium term notes (MMTN) programme to BBB-ID from A-ID. "Concurrently, MARC has placed the rating on MARCWatch Negative. The rating actions affect RM110mil of current outstanding notes," it said...........................................Full Article: Source |