MARC remains concerned on the cash flow impact on ANIH from the non-implementation of toll hikes on the KL-Karak and the ECE1 which were scheduled on January 1, 2015.
For FY2015, ANIH generated revenue and cash flow from operations (CFO) of MYR 374.
KL-Seremban's flat growth, which is mainly attributed to capacity constraints of the highly matured highway, is not a concern given its small contribution to ANIH
over the remaining concession period of the highway which ends in 2018.
ANIH is a privately-owned firm, which was formed to acquire toll road concession assets from MTD Prime Sdn Bhd and Metramac Corporation Sdn Bhd (Metramac).
ANIH will service the rated and other debts with toll collection receipts.
2 million of compensation received by ATM from ANIH.
The stable outlook reflects MARC's expectations of stable traffic growth on the KL-Karak and continued timely payment of compensation from ANIH to ATM.
For the last four operating months of FY2012, ANIH
recorded revenue of MYR 108.