KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its rating of AA-IS on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64bil Sukuk Wakalah. The rating outlook remains negative.
DUKE 3, a unit of Ekovest Bhd, is undertaking the design, construction, financing, operations and maintenance of the 32.1-km Setiawangsa-Pantai Expressway (SPE) in Kuala Lumpur.
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