KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has downgraded Serba Dinamik Holdings Bhd’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS//Negative.
Serba Dinamik’s Islamic Commercial Papers (ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100mil ICP.
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