KUALA LUMPUR: The gloomy outlook for MRCB Southern Link Bhd has been lifted with RAM Rating Services' decision to upgrade the respective long-term ratings of its Senior and Junior Sukuk as its liquidity position has improved significantly.
The ratings agency said on Wednesday the Senior Sukuk was upgraded from C3 to BBB3 and the Junior Sukuk from C3 also to BB1. The ratings were put on Rating Watch, with a developing outlook.
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