KUALA LUMPUR: RAM Rating Services has reaffirmed the AA2/Stable rating of tolled road operator Kesas Sdn Bhd’s RM735mil Islamic debt notes.
It said on Wednesday the reaffirmation of the rating of the Sukuk Musharakah IMTN (2014/2023) continues to reflect the Shah Alam Expressway’s (SAE) robust traffic profile as well as the strong debt-servicing aptitude of Kesas.
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