Published on 14 Oct 2022.
RAM Ratings has withdrawn the ratings of Lingkaran Trans Kota Sdn Bhd’s, Kesas Sdn Bhd’s and Projek Smart Holdings Sdn Bhd’s financing facilities following their full redemption on 13 October 2022, as confirmed by the facility agents. The redemptions were met via part utilisation of proceeds of a new fundraising exercise involving the issuance of Amanat Lebuhraya Rakyat Berhad’s (Amanat Lebuhraya) Senior Sukuk Programme of up to RM5.5 bil (2022/2044).
Last rating assigned
Lingkaran Trans Kota Sdn Bhd
Kesas Sdn Bhd
RM735 million Sukuk Musharakah Islamic Medium-Term Notes (2014/2023)
Projek Smart Holdings Sdn Bhd
RM330 million Islamic Medium-Term Notes Facility (2015/2032)
As such, we no longer have any rating obligation in respect of the said financing facilities. RAM assigned a final AAA rating to the RM5.5 bil Senior Sukuk issued by Amanat Lebuhraya on 12 October 2022, the details behind which can be found on our website at https://www.ram.com.my/pressrelease/?prviewid=6125.
Davinder Kaur Gill
(603) 3385 2525
The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.
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Ratings on Lingkaran Trans Kota Sdn Bhd