PETALING JAYA: The sukukholders of MEX I Capital Bhd have approved the restructuring of its RM

KUALA LUMPUR: Malaysian Rating Corporation Bhd( MARC) has downgraded Serba Dinamik Holdings Bhd’s Islamic Medium-Term Notes Programme( IMTN) rating to CIS from BBIS// Negative. Serba Dinamik’s Islamic Commercial Papers( ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100mil ICP.“ MARC’s downgrade action is premised on the missed semi-annual coupon payment of US$ 7mil on the outstandi