Press Releases
Displaying 11-14 of 14 results.
Thursday, Jul 04, 2019
MARC has affirmed its ratings of AA-IS and A- on toll concessionaire MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme (Sukuk Murabahah) and RM150 million Junior Bonds issuance (Junior Bonds). The three-notch rating differential between the Sukuk Murabahah and Junior Bonds reflects the latter’s subordinated position, its deferred profit payment risk and its non-amortising repa...

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Tuesday, Jun 20, 2017
MARC has affirmed its AA-IS and A- ratings on MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme (Sukuk Murabahah) and RM150 million Junior Bonds issuance (Junior Bonds) respectively. The outlook on the ratings is stable. MEX II has a 33-year toll concession agreement with the Malaysian government to design, construct, operate and maintain a 16.8-km Lebuhraya Putrajaya-KLIA (...

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Tuesday, Apr 19, 2016
MARC has assigned final ratings of AA-IS and A- to MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme (Sukuk Murabahah) and RM150 million Junior Bonds issuance (Junior Bonds). The outlook on the ratings is stable. MEX II is the toll concessionaire undertaking the design, construction, operations, maintenance and financing of the 16-km Lebuhraya Putrajaya-KLIA under a 33-year conc...

This article has been viewed 1059 times.
Tuesday, Mar 01, 2016
MARC has assigned preliminary ratings of AA-IS and A- to special purpose company MEX II Sdn Bhd’s (MEX II) proposed RM1.3 billion Sukuk Murabahah Programme (Sukuk Murabahah) and RM150 million Junior Bonds issuance (Junior Bonds). The outlook on the ratings is stable. The three-notch rating differential between the Sukuk Murabahah and Junior Bonds reflects the latter’s subordinated position, i...

This article has been viewed 1230 times.