KUALA LUMPUR: Malaysian Rating Corporation Bhd (Marc) has kept the AAA rating on Special Port Vehicle Bhd’s (SPBV) RM1.31bil nominal amount asset-backed serial bonds facility with a negative outlook.
“The rating action affects the outstanding bonds of RM610mil. The bonds are backed by deferred payment receivables from Port Klang Authority (PKA) based on the sale and purchase of a 999.5-acre leasehold land on Pulau Indah for the Port Klang Free Zone (PKFZ) project,” it said on Friday.
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