MARC Downgrades Zetrix AI Sukuk Rating to Near Default Level
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MARC Ratings has downgraded Zetrix AI Bhd's RM2 billion sukuk programme to a C rating, which is just above default. This downgrade reflects a high likelihood of non-repayment and signals the company's limited capacity to manage its financial difficulties. The decision marks the second rating cut in two weeks for Zetrix AI.
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Originally published by gnews