Credit Analysis Reports - Category: Infrastructure & Utilities
Displaying 21-30 of 372 results.
Popularity: 137 views 4 downloads
MARC has affirmed its ratings of MARC-1IS and AAAIS on Gas Malaysia Berhad’s (Gas Malaysia) Islamic Commercial Papers (ICP) programme and Islamic Medium-Term Notes (IMTN) programme with a combined limit of up to RM700 million respectively. The outlook on the ratings is stable. As at end-July 2017, the total outstanding notes under the rated programmes stood at RM161.0 million. The ratings ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 212 views 15 downloads
MARC has affirmed its rating of AA-IS on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah with a stable outlook. DUKE 3, a wholly-owned subsidiary of Ekovest Berhad (Ekovest), is undertaking the design, construction, financing, operations and maintenance of the 32.1km DUKE Phase 3 expressway in Kuala Lumpur. The expressway, which will connect the Mi...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 142 views 10 downloads
MARC has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM2.0 billion Sukuk Ijarah and revised the rating outlook to stable from negative. KEV, a 60%-owned subsidiary of Tenaga Nasional Berhad (TNB), owns and operates Kapar Power Station (KPS), the largest domestic multi-fuel thermal power station with four generating facilities (GF) with a combined nominal capacity of ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 147 views 8 downloads
MARC has affirmed its rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme of AA+IS. MARC continues to maintain a negative outlook on the rating. CNSB provides network telecommunication services to its parent, Celcom Axiata Berhad (Celcom), through network telecommunication assets. The rating and outlook are premised on the overall credit profile of the Celcom...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 171 views 13 downloads
MARC has affirmed its AAAIS rating on TNB Northern Energy Berhad's (TNB Northern Energy) outstanding Islamic securities (sukuk) of RM1.595 billion with a stable outlook. TNB Northern Energy is a funding vehicle of its parent TNB Prai Sdn Bhd (TNB Prai), a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB), for the construction of a 1,071.43-megawatt (MW) combined-cycle gas turbine (CCGT...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 107 views 8 downloads
MARC has affirmed its ratings on Ranhill Powertron II Sdn Bhd’s (RPII) RM240 million outstanding Islamic Medium-Term Notes (IMTN) and RM350 million outstanding guaranteed IMTN at AAIS and AAAIS(fg) respectively. The outlook on the ratings is stable. RPII is an 80%-owned subsidiary of Ranhill Capital Sdn Bhd (Ranhill Capital) and was established to build, own and operate Rugading Power Stat...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 160 views 7 downloads
MARC has affirmed its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (MTN) Programme (sukuk programme) with a stable outlook. SDEB is the concessionaire of a 77km tolled inter-urban expressway (E22) between Senai and Desaru with a connecting highway to Pasir Gudang. The affirmed rating incorporates SDEB’s improved cash flow generation on...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 251 views 11 downloads
MARC has assigned a final rating of AAIS to BEWG (M) Sdn Bhd’s (BEWG) eight-year RM400 million Sukuk Wakalah with a stable outlook. BEWG is a wholly-owned indirect subsidiary of Hong Kong-based Beijing Enterprises Water Group Limited (BEWGL), which in turn is a subsidiary of Beijing Enterprises Holding Limited (BEHL), a state-owned company involved in water, sewerage and natural gas operat...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 226 views 10 downloads
MARC has affirmed its AA-IS and A- ratings on MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme (Sukuk Murabahah) and RM150 million Junior Bonds issuance (Junior Bonds) respectively. The outlook on the ratings is stable. MEX II has a 33-year toll concession agreement with the Malaysian government to design, construct, operate and maintain a 16.8-km Lebuhraya Putrajaya-KLIA ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 318 views 10 downloads
MARC has affirmed its AA+IS rating on Westports Malaysia Sdn Bhd’s (Westports) RM2.0 billion Sukuk Musyarakah Programme with a stable outlook. The rating is driven by Westports’ solid financial metrics as reflected by its stable operating margins and strong finance service coverage on the back of commendable operational performance. The rating also benefits from Westport’s strong comp...


Normal Price: RM500.00       Subscriber Price: Free Download