MARC has downgraded its ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah Bonds and RM135.0 million Musyarakah Commercial Papers/Musyarakah Medium  Term  Notes  Programme  (MCP/MMTN)  to  BBB+IS  and MARC-3ID /BBB+ID  from  A-IS  and MARC-2ID /A-ID respectively. The outlook on the ratings remains negative. The r...

MARC has downgraded its ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250 million Sukuk Musyarakah Bonds (Sukuk Musyarakah) and RM135 million Musyarakah Commercial Papers/Medium Term Notes Programme (MCP/MMTN) to A-IS and MARC-2ID/A-ID from AA-IS and MARC-1ID/AA-ID  respectively. The outlook on the ratings remains negative.The downgrades reflect further erosion of TLP’s credit and ope...

MARC has removed its AA-IS and MARC-1ID/AA-ID ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah (Sukuk Musyarakah) and RM135 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) respectively from MARCWatch Negative where they were first placed on January 15, 2010. Concurrently, the ratings were affirmed and the ratings outlook ...

MARC has assigned initial ratings of AA-IS and MARC-1ID/AA-ID for Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah (Sukuk Musyarakah) and RM135.0 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN), respectively. The ratings carry a stable outlook. The proceeds from the proposed issuances will be used mainly to repay existing borrowings...