Find A Rating 
PRESS RELEASES
LEKAS fully redeems Junior Sukuk
Published on 06 Oct 2023.
RAM Ratings has withdrawn the rating of Lebuhraya Kajang-Seremban Sdn Bhd’s (LEKAS) RM633 mil Junior Sukuk Istisna’ (2007/2025). This follows confirmation from the facility agent that all outstanding Sukuk under the programme was fully redeemed on 29 September 2023. As such, we no longer have any rating obligation in respect of the facility. The C2/Negative rating was last published on 18 August 2023.
Analytical contacts
Seri Nuralya Munawir
(603) 3385 2484
nuralya@ram.com.my
Davinder Kaur Gill
(603) 3385 2525
davinder@ram.com.my
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.
RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.
Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.
Published by RAM Rating Services Berhad
© Copyright 2023 by RAM Rating Services Berhad
