HIGHER traffic volumes, better business fundamentals and sounder financial structures are giving the bonds issued by toll road operators higher ratings.
The re-rating of the bonds of highway concessionaires like Projek Lebuhraya Utara-Selatan Bhd (Plus) to triple A from single A previously and Ekspressway Lingkaran Tengah Sdn Bhd (Elite) to AA3, has lowered their cost of financing, prompting more interest from prospective players looking for project financing.
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