MARC had placed PLUS' AAA IS/Stable rating on its RM23.35bil sukuk musharakah programme on MARC watch developing.
KUALA LUMPUR: The toll rate cut for private vehicles by 18% with effect from Feb 1 could see Projek Lebuhraya Usahasama Bhd’s (PLUS) annual revenue fall by RM500mil, according to Malaysian Rating Corporation (MARC).
The rating agency said on Friday its assessment indicates no pressure on PLUS’ debt-servicing ability in the immediate term (assuming all else remains equal).
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