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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.

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