Wednesday, June 25, 2014

RAM Ratings withdraws rating of PLSA’s Sukuk Mudharabah

RAM Ratings withdraws rating of PLSA’s Sukuk Mudharabah

Published on 24 June 2014 
RAM Ratings has received confirmation that the sukukholders of Projek Lintasan Shah Alam Sdn Bhd’s (PLSA or the Company) RM415 million Sukuk Mudharabah have approved a resolution to have its rating withdrawn. As such, we have, at the request of the Company, withdrawn the A3/Negative rating of the Sukuk and no longer have any rating obligation in respect of the facility.
PLSA is the concessionaire for the 14.7-km Lebuhraya Kemuning-Shah Alam in Selangor, under a concession agreement that is valid until 31 July 2047.

Media contact
Davinder Kaur Gill
(603) 7628 1118
davinder@ram.com.my

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