Monday 16, November 2015 by Matthew Amlôt

MARC downgrades Alam Maritim’s Islamic Sukuk rating to AIS; revises outlook to stable

MARC has downgraded the rating of Alam Maritim Resources Berhad's (Alam Maritim) MYR 500 million Sukuk Ijarah Medium-Term Notes to AIS from A+IS. Concurrently, the outlook is revised to stable from negative. The rating action affects MYR 115 million of outstanding Sukuk issued under the rated programme.

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