Press Releases
Displaying 1-10 of 13 results.
Monday, Apr 05, 2021
MARC has affirmed its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes Programme (Restructured Sukuk) and revised the outlook to negative from stable.  The rating affirmation is based on SDEB’s adequate near-term liquidity and the Restructured Sukuk’s accommodative back-ended amortisation structure with a step-up profit feature that ...

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Thursday, Apr 30, 2020
MARC affirms its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (Restructured Sukuk) Programme with a stable outlook. SDEB is the concessionaire of the 77-km tolled inter-urban Senai-Desaru Expressway (SDE) in Johor, which links the towns of Senai and Desaru with a connecting highway to Pasir Gudang.The rating considers the accommodative amortis...

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Tuesday, Jul 23, 2019
MARC has affirmed its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (Restructured Sukuk) Programme with a stable outlook. SDEB is the concessionaire of the 77-km tolled inter-urban Senai-Desaru Expressway (SDE) in Johor which links the towns of Senai and Desaru with a connecting highway to Pasir Gudang. The rating incorporates SDEB’s ac...

This article has been viewed 407 times.
Tuesday, Jul 11, 2017
MARC has affirmed its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (MTN) Programme (sukuk programme) with a stable outlook. SDEB is the concessionaire of a 77km tolled inter-urban expressway (E22) between Senai and Desaru with a connecting highway to Pasir Gudang. The affirmed rating incorporates SDEB’s improved cash flow generation on...

This article has been viewed 582 times.
Thursday, Jun 16, 2016
MARC has affirmed its rating of BBB-IS on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (Restructured Sukuk) Programme with a stable outlook. The rating incorporates the improving traffic volume on the expressway and the accommodative payment structure under the programme which provides SDEB with headroom to improve its cash flow coverages. Under the Rest...

This article has been viewed 618 times.
Tuesday, May 12, 2015
MARC has affirmed its rating of BBB-IS on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (Restructured Sukuk) Programme with a stable outlook. The affirmed rating reflects Senai-Desaru Expressway’s (SDE) satisfactory traffic performance in line with revised projections, and SDEB’s improved cash flow coverage from the accommodative amortisation s...

This article has been viewed 757 times.
Thursday, May 08, 2014
MARC has assigned a rating of BBB-IS to Senai-Desaru Expressway Berhad’s (SDEB) Islamic Medium-Term Notes (Restructured Sukuk) Programme of up to RM1.89 billion in nominal value with a stable outlook. The tenure of the Restructured Sukuk is at least 24 years and up to 39 years from the issuance date with the programme expiring before July 17, 2053. No proceeds will be raised under the Restru...

This article has been viewed 1536 times.
Tuesday, Dec 31, 2013
MARC has affirmed its BBIS and B-IS ratings on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion nominal value Senior Sukuk Ijarah Medium Term Notes (Senior Sukuk) Programme and RM3.69 billion nominal value Junior Sukuk Ijarah Medium Term Notes (Junior Sukuk) Programme respectively with a negative outlook. MARC subsequently has withdrawn all ratings on SDEB at the issuer’s request...

This article has been viewed 1211 times.
Friday, Jun 21, 2013
MARC has downgraded its ratings on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion nominal value Senior Sukuk Ijarah Medium-Term Notes (Senior Sukuk) Programme and RM3.69 billion nominal value Junior Sukuk Ijarah Medium-Term Notes (Junior Sukuk) Programme to BBIS and B-IS from BBB+IS and BBIS respectively. The outlook on the ratings remains negative. The rating action reflects insuffi...

This article has been viewed 1360 times.
Friday, Feb 15, 2013
MARC has downgraded its ratings on Senai-Desaru Expressway Berhad's (SDEB) RM1.89 billion nominal value Senior Sukuk Ijarah Medium Term Notes (Senior Sukuk) Programme and RM3.69 billion nominal value Junior Sukuk Ijarah Medium Term Notes (Junior Sukuk) Programme to BBB+IS and BBIS from A+IS and A-IS respectively. Concurrently, MARC has removed the ratings from MARCWatch Negative where it had been ...

This article has been viewed 1095 times.