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.

Features & Analyses

Lifestyle A new spin on Gulf style

UAE-based fashion designer Ahmed Abdelrahman is realising his vision to make the kandora and other traditional Gulf staples a part… read more