MARC has reaffirmed the rating of Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Al Bai Bithaman Ajil Facility (ABBA) and the short term rating of the Revolving Underwritten facility (RUF) at A-ID and MARC-2 respectively. However, the rating of the Bank Guaranteed Serial Fixed Rate Bonds has been upgraded to A+ based on the A+ rating given to the consortium of banks providing the unconditi...

MARC has reaffirmed the long term rating of SPRINT’s RM510 million Al-Bai Bithaman Ajil Islamic debt securities and the short term rating of the Revolving Underwritten Facility of up to RM125 million at A–ID (Single A Minus, Islamic Debt) and MARC-2 respectively. The long term rating of SPRINT’s RM365 million Bank Guaranteed Serial Fixed Rate Bonds has been upgraded from A- (Single A Minus)...

MARC has downgraded the long term rating of SPRINT’s RM510 million Al-Bai Bithaman Ajil Islamic debt securities from AID (Single A, Islamic Debt) to A–ID (Single A Minus, Islamic Debt) and the RM365 million Bank Guaranteed Serial Fixed Rate Bonds from A (Single A) to A– (Single A Minus). The company’s Revolving Underwritten Facility has, nevertheless, been affirmed at MARC-2. The revisio...

MARC has assigned long-term ratings of AID (A flat, Islamic debt) and A (A flat) to Sistem Penyuraian Trafik KL Barat Sdn Bhd (SPRINT)’s 20-year RM510 million Al Bai Bithaman Ajil Islamic debt securities facility and its 16-year RM365 million Bank Guaranteed Serial Fixed Rate Bonds. SPRINT’s Revolving Underwritten Facility of up to RM125 million Convertible into a Floating Rate Term Loan has b...