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MARC has withdrawn the AAID rating assigned to MTD Prime’s RM250.0 million BaIDS with immediate effect, following confirmation by AmInvestment Bank Berhad, the Lead Manager of the above programme, that the BaIDS had been fully redeemed on 31 July 2007...
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The rating of MTD Prime Sdn Bhd’s (MTD Prime) RM250 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) has been affirmed at AAID. The rating reflects the continuous traffic and revenue growth from the KL–Karak Highway (KLK) and the inclusion of the toll revenue from the East Coast Expressway Phase 1 (ECE1) into the coffers of the company. In addition, the half yearly principa...
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MARC has upgraded the rating of MTD Prime Sdn Bhd’s (MTD Prime) Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) rating to AAID. The rating upgrade is a reflection of the continuous traffic growth at the KL–Karak Highway (KLK) and the strength of the company’s financial profile underpinned by the strong revenue and pre-tax profit growth following the contribution from the East Coast Expr...
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MARC has reaffirmed the rating of MTD Prime Sdn Bhd’s (MTD Prime) Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) rating at AA-ID. This reflects the continuous traffic growth at the KL – Karak Highway being above the Government’s guaranteed traffic volume; and the strength of the company’s financial profile underpinned by the strong revenue growth.MTD Prime is the concession holder of...
This article has been viewed 998 times.
MARC has reaffirmed the rating of MTD Prime Sdn Bhd’s (MTD Prime) RM250 million Al-Bai Bithaman Ajil Islamic Debt Securities at AA-ID. The rating reaffirmation reflects the positive traffic growth at the KL – Karak Highway, higher than the Government’s guaranteed traffic volume; and the strength of the company’s financial profile underpinned by the strong revenue growth.MTD Prime is the co...
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The reaffirmation of MTD Prime Sdn Bhd’s Islamic debt rating of AA –ID (Double-A Minus, Islamic Debt) reflects the completed status of the Highway with no construction risk; good actual traffic performance which is above the government guaranteed minimum traffic growth; and the company’s improving financial strength. MTD Prime is a single purpose company created specifically to upgrade, oper...
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Malaysian Rating Corporation Berhad (MARC) has assigned a rating of AA-ID (Double A minus, Islamic Debt Security) to MTD Prime Sdn Bhd’s (MTD Prime) RM250 million Al-Bai Bithaman Ajil Facility. The rating reflects the completed status of the Highway with no construction risk; the government guaranteed minimum traffic growth and toll rates; good actual traffic performance; and the company’s p...
This article has been viewed 1019 times.