Analyst Research Report Snapshot

Title:

Flash Note – MRCB (BUY, maintain) - Sukuk issues debt rating outlook upgraded

Price:

$12.00

Provider:

Affin Investment Bank

Date:

20 Dec 2012

Pages:

2

Type:

AcrobatPDF

Companies referenced:

MYRS.KL

Available for Immediate Download
Summary:

MRCB Southern Link’s debt rating outlook upgraded to positve In a statement yesterday, RAM Rating Services Bhd announced that the debt rating outlook for MRCB Southern Link’s RM845m secured senior sukuk and RM199m junior sukuk have been upgraded from negative to positive. The statement added that the upgrade is premised on the government’s commitment to implement an interim solution to ease MRCB Southern Link’s liquidity position pending the finalisation of the proposed buyout of the EDL by the government. The company confirmed that its cash holdings have been boosted to RM109m from RM21m in November 2012. It is therefore able to meet the RM31m and RM10m profit payments on the senior and junior sukuk respectively on 24 December 2012.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.