MARC affirms Prolintas’ PLSUKE RM2b sukuk, stable outlook

Prolintas’ long-term rating of A+ benefits from a two-notch rating uplift for support from parent Permodalan Nasional Bhd (PNB).

KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed its A+IS(s) rating on Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah programme of up to RM2bil, with a stable outlook.

It said on Tuesday the rating on the Sukuk Wakalah reflects the credit strength of Projek Lintasan Kota Holdings (Prolintas) as the provider of an unconditional and irrevocable completion guarantee to PLSUKE.