KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has downgraded the ratings of Tanjung Langsat Port Sdn Bhd's (TLP) RM250mil bonds and RM135mil debt notes while the outlook on the ratings remains negative.
It said on Wednesday it had cut the rating on TLP's RM250mil Sukuk Musyarakah bonds from A-IS to BBB+IS and the RM135.0mil Musyarakah commercial papers/Musyarakah medium term Notes Programme (MCP/MMTN) from MARC-2ID/A-ID to MARC-3ID/BBB+ID.
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