MARC has received confirmation from the Facility Agent that RAV’s CP Notes have been fully redeemed by RAV and cancelled accordingly. Hence, MARC no longer has any rating obligation on RAV’s CP Programme and the MARC 2 rating is hereby withdrawn....

MARC has reaffirmed the rating of Road Asset Vehicle Sdn Bhd (RAV) at MARC-2. The rating reflects RAV’s bankruptcy remote status; the corporate guarantee from Kumpulan Guthrie Bhd (the obligor) in respect of the amount payable by Guthrie Corridor Expressway Sdn Bhd (GCE) under the progress certificates; the mitigation of liquidity risk through the maintenance of a reserve sum to cover any fundi...

The rating of Road Asset Vehicle Sdn Bhd’s (RAV) RM350 million Commercial Paper Programme (CP) has been reaffirmed at MARC-2. The rating reflects the bankruptcy remote status of this special purpose vehicle (SPV); credit support in the form of the assignment of a corporate guarantee issued by Kumpulan Guthrie Bhd (the obligor) in respect of the amount payable by Guthrie Corridor Expressway Sdn B...

The rating of Road Asset Vehicle Sdn Bhd’s (RAV) RM350 million Commercial Paper Programme (CP) has been affirmed at MARC-2. The rating affirmation reflects the bankruptcy remote status of this special purpose vehicle (SPV); credit support in the form of the assignment of a corporate guarantee issued by Kumpulan Guthrie Bhd (the obligor) in respect of the amount payable by Guthrie Corridor Expres...

Road Asset Vehicle Sdn Bhd’s (RAV) rating of MARC-2 reflects the bankruptcy remote status of this special purpose vehicle (SPV); credit support in the form of the assignment of a corporate guarantee issued by Kumpulan Guthrie Bhd in respect of the amount payable by Guthrie Corridor Expressway Sdn Bhd (GCE) under the progress certificates including interest and financing costs; liquidity support ...