PETALING JAYA: The BBB+ sukuk rating on Alam Maritim Resources Bhd’s RM500mil sukuk ijarah medium-term note programme has been placed on MARCWatch negative, indicating an increased risk of missed payments or a distressed exchange on the firm’s sukuk.
MARC said in a statement it has placed Alam Maritim’s sukuk rating on MARCWatch negative, as the offshore support vessel provider enters into Corporate Debt Restructuring Committee mediated negotiations with its lenders and sukukholders.
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