KUALA LUMPUR: Malaysian Rating Corporation has affirmed its AA-IS rating on Grand Sepadu (NK) Sdn Bhd’s Sukuk Murabahah issuance of RM210mil. The rating outlook remains negative.
The rating agency said on Wednesday the affirmed rating incorporates Grand Sepadu’s adequate cash flow coverage, its moderately leveraged capital structure and the improving traffic on New North Klang Straits Bypass (NNKSB).
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