KUALA LUMPUR: Tolled-road concessionaire MEX II Sdn Bhd’s sukuk and junior bonds remain at risk of imminent default as liquidity remains severely strained and there is no headway yet to revamp its financial obligations.
Malaysian Rating Corp (MARC) has highlighted MEX II’s RM1.3bil sukuk murabahah programme and RM150mil junior bonds, which carry ratings of CIS/C, remain at risk due to looming repayment ahead.
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