30.09.2010 - Negative outlook for Borcos Shipping sukuk
From Btimes.com.my: Borcos Shipping Sdn Bhd, Malaysiaís second-largest provider of offshore support vessels, had the A1 rating on RM160 million of Islamic medium-term notes placed on rating watch with a negative outlook at RAM Rating Services Sdn Bhd. This reflects a decline in daily charter rates and low utilization of its offshore support vessels, RAM said in a report today. A1 is RAMís fifth-highest investment grade..............................................Full Article: Source
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