MALAYSIA: MARC Ratings has placed its ‘AAIS’ rating on toll road concessionaire ANIH’s RM2.5 billion (US$540.73 million) senior Sukuk Musharakah program on MARCWatch Negative, following the new supplemental concession agreement (SCA) ANIH had entered into with the Malaysian government for its Kuala Lumpur–Karak Highway and Phase 1 of the East Coast Expressway, a rating note read. The SCA, which extends the current concession period from 2032 to 2069, entails lane widening and flood mitigation works with construction costs estimated at....