MARC Ratings has affirmed its AAAIS rating on Amanat Lebuhraya Rakyat Berhad’s (ALR) RM5.5 billion Sukuk Programme with a stable outlook. The affirmation reflects ALR’s sound credit metrics, backed by ample liquidity and strong cash flow generation from its mature and resilient toll road assets, and supported by a tight transaction structure with no dividend distributions allowed. MARC Ra...

MARC Ratings has affirmed its AAAIS rating on Amanat Lebuhraya Rakyat Berhad’s (ALR) RM5.5 billion sukuk programme, with a stable outlook. The rating reflects the strong cash flow generation capacity of ALR’s portfolio of matured highways in the Klang Valley, its strong debt service ability, and the low capital requirement for operations and maintenance (O&M) of the highways. A no-div...

MARC Ratings has assigned a final rating of AAAIS to Amanat Lebuhraya Rakyat Berhad’s (ALR) sukuk programme of up to RM5.5 billion. The rating outlook is stable.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 ...

MARC Ratings has assigned a “Silver” Sustainability Sukuk Assessment to Amanat Lebuhraya Rakyat Berhad’s (ALR) Sustainability Sukuk Framework (the Framework). MARC also opines that the Framework is aligned with the core components of the Securities Commission Malaysia’s (SC) Sustainable and Responsible Investment (SRI) Sukuk Framework.A company managed by a board of directors, ALR was esta...

MARC Ratings has assigned a preliminary rating of AAAIS to Amanat Lebuhraya Rakyat Berhad’s (ALR) proposed sukuk programme of up to RM5.5 billion. The rating outlook is stable.The assigned rating reflects the strength and the proven revenue -generating capacity of ALR’s portfolio of matured highways in the Klang Valley, the healthy finance service capacity under the accommodative sukuk structu...