Sunday 26, December 2010 by

MARC downgrades Vastalux Capital's Sukuk

MARC said it has downgraded its rating on Vastalux Capital Sdn Bhd's (VCSB) MYR 100 million Sukuk Musharaka facility to DIS from BB+IS following VCSB's failure to redeem the remaining outstanding MYR 3.96 million of Sukuk on the final redemption date of 23 December 2010.

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