MALAYSIAN Rating Corp Bhd (MARC) affirmed the rating of Puncak Niaga Holdings Bhd's (PNHB) RM546.875mil redeemable unconvertible junior notes (RUN) with RM109.375mil detachable warrant, with a negative outlook.
In a statement, MARC said that RUN was rated the same as Puncak Niaga (M) Sdn Bhd's (PNSB) junior notes A (A notes).
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