KUALA LUMPUR: Shares of RANHILL BHD [] fell on Monday, Jan 3, 2011 after an international ratings agency placed the company's credit on CreditWatch with negative implications.
At 9.19am, Ranhill was down 3.5 sen to 84 sen with 894,300 shares done.
Standard & Poor's Ratings Services had placed its 'B' long-term corporate credit rating of Ranhill on CreditWatch with negative implications.
S&P also placed its B- issue rating on US$220 million 12.5% senior unsecured notes due October 2011 issued by Ranhill (L) Ltd on CreditWatch with negative implications.
At 9.19am, Ranhill was down 3.5 sen to 84 sen with 894,300 shares done.
Standard & Poor's Ratings Services had placed its 'B' long-term corporate credit rating of Ranhill on CreditWatch with negative implications.
S&P also placed its B- issue rating on US$220 million 12.5% senior unsecured notes due October 2011 issued by Ranhill (L) Ltd on CreditWatch with negative implications.
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