Maju Expressway (MEX) connects from Kuala Lumpur to Putrajaya, Cyberjaya, the Kuala Lumpur International Airport (KLIA) and the Low Cost Carrier Terminal (LCCT).
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has downgraded its ratings on tolled-road concessionaire MEX II Sdn Bhd’s sukuk and junior bonds due to uncertainty of it securing additional funding.
In a statement on Tuesday, MARC downgraded the RM1.3bil Sukuk Murabahah programme to BBIS from BBBIS, and RM150mil junior Bonds to B from BB. The ratings remain on MARCWatch “negative”.
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