| RAM has reaffirmed the AAA ratings of PLUS RM3.55 billion senior sukuk, RM2.26 bilion Sukuk Musharakah Series 1, RM2.41 billion Sukuk Musharakah Series 2 and RM4.5 billion Sukuk Musharakah Medium-Term Notes Programme. PLUS' strong business profile due to the North-South Expressway strategic alignment as the backbone of connectivity for Peninsula Malaysia, was the reason for the ratings reaffirmation. Going forward, the rating agency envisaged that PLUS' debt-servicing ability to remain strong throughout the tenure of the sukuk, as reflected by its robust respective minimum and average finance service cover ratios(FSCRs) of 1.55 timed and 3.07 times. |
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