18.01.2010 - MARC downgrades Vastalux's sukuk rating
From Btimes.com.my: Vastalux Capital Sdn Bhd, a unit of the Malaysian oil and gas services provider Vastalux Energy Bhd, had the credit rating on its RM100 million Islamic bond downgraded to AA- from A+ by Malaysian Rating Corp. This is to reflect a perceived deterioration in the Vastalux groupís liquidity position, Malaysian Rating said in a report today, adding it is susceptible to cash flow pressures.........................................Full Article: Source
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