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have its rating withdrawn.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withdrawn the A3/Negative rating of the Sukuk and no longer have any rating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
Davinder Kaur Gill
(603) 7628 1118
davinder@ram.com.my
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