Published on 31 Oct 2022.
RAM Ratings has corrected the statement on Page 10 on Pengurusan Air Selangor Sdn Bhd’s rating rationale. The amended rationale, republished on our website, supersedes the version released on 27 September 2022, with respect to the definition of the Minimum Required Balance. Air Selangor is required to maintain an amount equivalent to the aggregate of profit payments falling due under the Sukuk within the next six months in its Finance Service Reserve Account at all times, save and except during the build-up period.
Lee Jo Yee
(603) 3385 2583
Chong Van Nee, CFA
(603) 3385 2482
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