KUALA LUMPUR: RAM Ratings has reaffirmed its AA2/stable/- ratings for Lingkaran Trans Kota Sdn Bhd’s (Litrak) Sukuk Musyarakah Islamic Medium-Term Notes I Programme of up to RM1.15bil (2008/2023) and its Notes II Programme of up to RM300mil (2008/2023).
It said the ratings reflect Litrak’s concession of the 40km LDP highway, which boasts strong traffic profile, as well as the company’s robust debt-coverage level.
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