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MARC has received confirmation that Sistem Penyuraian Trafik KL Barat’s (SPRINT) RM510.0 million Al-Bithaman Ajil Islamic Debt Securities (BaIDS) have been fully redeemed and cancelled on December 29, 2020.Accordingly, MARC has withdrawn its A+IS/Developing rating and will no longer provide analytical coverage on the issuer. Contacts:Ati Affira Kholid, 03-2717 2941/ affira@marc.com.my;Hafiz...
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MARC has affirmed its A+IS rating on toll concessionaire Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The outlook on the rating remains developing. To date, the proposed takeover of the four highway concession assets under Gamuda Berhad including SPRINT is still unresolved. The cut-off date to negotiate and finalise the terms of the d...
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MARC has
affirmed its A+IS rating on toll concessionaire Sistem Penyuraian Trafik KL
Barat Sdn Bhd’s (SPRINT) Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS).
Concurrently, the rating outlook has been revised to developing. SPRINT is the
toll concessionaire of the 26.5-km interlinked SPRINT highways comprising
Damansara Link, Kerinchi Link and Penchala Link in Kuala Lumpur. The deve...
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MARC has affirmed its A+IS rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). Concurrently, MARC has revised the rating outlook to stable from negative.
SPRINT is the toll concessionaire of the 26.5-km interlinked SPRINT highway comprising Damansara Link, Kerinchi Link and Penchala Link in Kuala Lumpur. The rating affirma...
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MARC has withdrawn its rating of AA-(bg) on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Bank-Guaranteed Serial Fixed Rate Bonds. The rating withdrawal follows the full redemption and subsequent cancellation of the facility as confirmed by the facility agent.
Upon the rating withdrawal, MARC will no longer be providing analytical coverage on the issuance.
Contacts:
Adib A...
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MARC has issued an errata notice pertaining to its recent credit analysis report on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) debt ratings. MARC has amended Exhibit 22 which details the cash flow projections provided on page 12 and the analysis on the cash flow projections on page 13 of its rating report on SPRINT, published on April 7, 2017. The updated rating report has accordingly...
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MARC has affirmed its A+IS and AA-(bg) ratings on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) and Bank-Guaranteed Serial Fixed Rate Bonds (BG bonds) respectively. The outlook on the BaIDS has been revised to negative from stable, while the outlook on the BG bonds remains at stable in line with the outlook of the guarantor banks. T...
This article has been viewed 893 times.
MARC has affirmed its A+ID and AA-(bg) ratings on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM510 million Al Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) and RM365 million Bank-Guaranteed Serial Fixed Rate Bonds (BG bonds) respectively. The outlook on the ratings is stable. The RM510 million BaIDS will commence its yearly repayment in 2016 while the outstanding RM41 million B...
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MARC has affirmed A+ID and AA-(bg) ratings on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM365 million Bank Guaranteed Serial Fixed Rate Bonds (BG bonds) respectively. The outlook on the ratings is stable. SPRINT is the owner and concessionaire of three interlinked highways namely the Damansara Link, Kerinchi L...
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MARC has affirmed its A+ID and AA-(bg) ratings on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM365 million Bank Guaranteed Serial Fixed Rate Bonds (BG bonds) respectively. The outlook on the ratings is stable. SPRINT is the toll concessionaire and operator of the 25.5-kilometre interlinked tolled roads comprisin...
This article has been viewed 1505 times.