Press Releases MARC RATINGS ASSIGNS FINAL RATING OF AAAIS(s) TO PLUS’ PROPOSED RM25.2 BILLION IMTN PROGRAMME

Thursday, Dec 15, 2022

MARC Ratings has assigned a final rating of AAAIS(s) to Projek Lebuhraya Usahasama Berhad’s (PLUS) proposed Islamic Medium-Term Notes (IMTN) Programme of up to RM25.2 billion. The rating carries a stable outlook. 

The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based. 

For full details on the assigned rating, please see PLUS’ preliminary rating announcement dated November 21, 2022.  The complete analysis is provided in the Credit Analysis Report which is available here

Contacts:
Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my 
Haziq Najmuddin, +603-2717 2965/ haziq@marc.com.my 
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my