Press Releases
Displaying 1-10 of 19 results.
Wednesday, May 29, 2024
MARC Ratings has revised its outlook on ANIH Berhad’s RM2.5 billion Senior Sukuk Musharakah Programme to stable from negative. Concurrently, the AA-IS rating on the programme has been affirmed. The stable outlook reflects the abatement of the uncertainty surrounding the approval process for ANIH to restructure its shareholdings. MARC Ratings understands that the change in ownership has been...

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Friday, Feb 23, 2024
MARC Ratings has removed ANIH Berhad’s rating from MARCWatch Negative placement where it has been since May 25, 2023. The placement was due to the uncertainties stemming from the new supplemental concession agreement (SCA) between ANIH and the government signed on November 17, 2022, including the potential weakening of its financial profile following the abolishment of toll compensation und...

This article has been viewed 503 times.
Thursday, Nov 23, 2023
MARC Ratings has extended its MARCWatch Negative on ANIH Berhad’s outstanding Senior Sukuk Musharakah programme of RM1.48 billion, where it has been placed since May 25, 2023. The rating agency notes that the change in ANIH’s shareholding structure is still pending the government’s approval, which the company expects to receive by end-2023. We understand that only upon obtaining the app...

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Thursday, Aug 24, 2023
MARC Ratings has maintained the MARCWatch Negative placement of ANIH Berhad’s Senior Sukuk Musharakah programme rating which has a current outstanding of RM1.48 billion. The rating has been placed on MARCWatch since May 25, 2023 to reflect the uncertainties that arose from the new supplemental concession agreement (SCA) between ANIH and the government signed on November 17, 2022, including the p...

This article has been viewed 417 times.
Thursday, May 25, 2023
MARC Ratings has placed its AAIS rating on toll road concessionaire ANIH Berhad’s RM2.5 billion Senior Sukuk Musharakah programme on MARCWatch Negative. The rating action has been precipitated by issues that were raised during the sukukholders’ meeting held on May 9, 2023, in the wake of the new supplemental concession agreement (SCA) ANIH had entered with the government for its Kuala Lum...

This article has been viewed 669 times.
Friday, Apr 28, 2023
MARC Ratings is providing this update on ANIH Berhad in connection with the concessionaire’s new supplemental concession agreement (SCA) with the government. The SCA follows ANIH’s existing concession agreement on Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) expiring in 2032. ANIH currently has an outstanding RM1.48 billion sukuk under the existing RM2.5 bi...

This article has been viewed 415 times.
Tuesday, Nov 08, 2022
MARC Ratings has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032. The rating reflects the steady traffic on ANIH’s mature road network, providing strong cash flow generation and a finance service cover rat...

This article has been viewed 388 times.
Tuesday, Dec 29, 2020
MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032.The affirmed rating reflects ANIH’s healthy cash flow generation and adequate debt coverage, underpinned by stable traffic performance of KL-Karak and EC...

This article has been viewed 654 times.
Thursday, Dec 19, 2019
MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032. Its toll concession for Kuala Lumpur-Seremban Expressway (KL-Seremban) ended on May 31, 2018; the impact to ANIH, however, is minimal. The affirmed ...

This article has been viewed 856 times.
Thursday, Feb 07, 2019
MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme. Concurrently, the rating outlook has been revised to stable from negative. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032. Its toll concession for Kuala Lumpur-Seremban Expressway (KL-Seremban) ended on May 31, 2018. ...

This article has been viewed 961 times.