(The following statement was released by the rating agency) KUALA LUMPUR, June 25 - Malaysian Rating Corp (MARC) has revised its outlook on the ratings on Goodway Integrated Industries Berhad's (Goodway) 80 million ringgit Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) of MARC-2ID/AID to negative from developing. The rating outlook revision takes into account Goodway's gearing covenant breach and MARC's expectation that the company's gearing would remain ...
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