Friday, December 30, 2011

MARC assigns final rating of AAAIS to PLUS's RM23.35b debt notes

KUALA LUMPUR (Dec 30): Malaysian Rating Corp Bhd (MARC) has assigned a final rating of AAAIS with a stable outlook to Projek Lebuhraya Usahasama Berhad's (PLUS Bhd) RM23.35 billion Sukuk Musharakah Programme.

Upon MARC's review of the final documentation for its forthcoming notes issuance, the rating agency said on Friday it was satisfied that the terms and conditions of the programme have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was based.

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