MARC downgrades Perwaja Steel MMTNs to A-ID with a negative outlook

Bernama reported that Malaysian Rating Corp Bhd has downgraded Perwaja Steel Sdn Bhd's MYR 400 million Murabahah Medium Term Notes program from AID to A-ID with a negative outlook.

The rating agency in a statement that "The rating action, which affected MYR 160 million of outstanding

Full "Steel Guru" article