Water bonds risk further downgrade

KUALA LUMPUR: RAM Rating Services Bhd may further downgrade the Selangor water bonds before July if the deadlock between the Selangor and Federal governments as well as the concessionaires on the restructuring of the state's water assets remains unresolved.

Chief executive officer Chong Kwee Siong said there was a possibility of further downgrade of these issues from the current BBB3 ratings if the impasse between the various parties was not resolved in the next three months.