MARC Ratings downgrades MEX II sukuk


PETALING JAYA: MARC Ratings has downgraded its ratings on MEX II Sdn Bhd’s RM1.3bil sukuk murabahah programme and RM150mil junior bonds to defaulted rating of D from CIS/C.

Highway operator MEX II Sdn Bhd is owned by Maju Holdings Sdn Bhd.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

MARC Ratings , downgrades , MEX II ,

   

Next In Business News

Industrial projects look increasingly attractive
Yew Lee expects to return to profitability on wider customer base
Changing office space requirements
Fed dampens hopes for rate cut
F&N to use cost management measures
Demand for co-working space remains resilient
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read