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MARC affirms its ratings of 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) at A+ID and AA-(bg) respectively. The outlook on the ratings is stable. SPRINT is the concession owner and operator of the 25.5km SPRINT highway consisting of the Damansara Link...
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MARC has lowered its rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd's (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) to A+ID from AA-ID. The rating outlook is stable. Concurrently MARC has affirmed its AA-(bg) rating on SPRINT's RM365 million Bank Guaranteed Serial Fixed Rate Bonds (BG Bonds) with a stable outlook.The rating and outlook of the BG Bonds reflect MAR...
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MARC has affirmed its AA-(bg) rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM365 million Bank Guaranteed Serial Fixed Rate bonds (BG Bonds) with a stable outlook. The rating and outlook on the BG Bonds reflects that of the lowest-rated financial institution participating in the consortium of three bank guarantors. MARC currently maintains a long-term financial institution r...
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MARC has affirmed the AA-(bg) and AA-ID rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM365 million Bank Guaranteed Serial Fixed Rate bonds (BG Bonds) and RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively. The ratings outlook is stable for both facilities. The rating on the BG Bonds reflects the strength of the lowest financial institution ratin...
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MARC has affirmed the AA-(bg) and AA-ID ratings of highway concessionaire Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM365.0 million Bank Guaranteed Serial Fixed Rate bonds (BG Bonds) and RM510.0 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively (collectively known as the Facilities). The ratings carry a stable outlook. The affirmed rating on the BG Bonds re...
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MARC has withdrawn the MARC-1 rating assigned to toll road concessionaire, Sistem Penyuraian Trafik KL Barat Sdn Bhd’s RM125.0 million Revolving Underwritten Facility (RUF) convertible into Floating Rate Term Loan (FRTL) with immediate effect. The rating withdrawal follows the conversion of the RUF into a FRTL as confirmed by the facility agent, AmInvestment Bank Bhd. Contact: Rustam A...
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MARC has reaffirmed the rating of AA- ID of Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS). MARC also reaffirmed the MARC-1 and AA- (bg) ratings of its RM125 million Revolving Underwritten Facility (RUF) and RM365 million Bank Guaranteed Serial Fixed Rate bonds (BG Bonds) respectively. The ratings outlook is stable. The...
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MARC has affirmed a long term rating of AA-ID to Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (“SPRINT”) RM510 million Al-Bai’ Bithaman Ajil Islamic Facility (“BaIDS”). Concurrently, we affirmed the rating of the Revolving Underwritten Facility of up to RM125 million to MARC-1. SPRINT is the concessionaire of the SPRINT Highway comprising the Damansara Link, the ...
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MARC has assigned a long term rating of AA-ID to Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (“SPRINT”) RM510 million Al-Bai’ Bithaman Ajil Islamic Facility (“Restructured BaIDS”) to restructure the existing RM510 million Al-Bai Bithaman Ajil Islamic Debt Securities issued in August 2001 (“BaIDS 2001”). Concurrently, we have reaffirmed the rating of SPRINT’s RM365 million Bank Gu...
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MARC has received confirmation that Sistem Penyuraian Trafik KL Barat Sdn Bhd has made an early redemption of the entire issuance of the RM510 million Al-Bai Bithaman Ajil Islamic Debt Securities issued in 2001(2001 BaIDS). Accordingly, MARC no longer has any rating obligation on the 2001 BaIDS and the rating of A-ID is hereby withdrawn...
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