Credit Analysis Reports - Category: Infrastructure & Utilities
Displaying 71-80 of 363 results.
Popularity: 461 views 0 downloads
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The affirmed rating incorporates the favourable terms of KPSB’s 21-year power purchase agreement (PPA) with the offtaker Sabah Electricity Sdn Bhd (SESB). The PPA transfers demand risk and fuel price risk to SESB, an 83%-owned subsidiary of Tenaga Nasional Berhad...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 404 views 0 downloads
MARC has affirmed its AAAIS(bg) rating on Ranhill Group Sdn Bhd’s (Ranhill Group) RM300 million bank-guaranteed (Tranche 1) and AAAIS(fg) rating on the company’s RM500 million Danajamin-guaranteed (Tranche 2) Sukuk Musharakah facilities. The ratings outlook is maintained at stable. The affirmed ratings are underpinned by the credit strength of the unconditional and irrevocable guarantees from...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 369 views 0 downloads
MARC has affirmed its ratings of AAAIS(fg) on Ranhill Powertron II Sdn Bhd’s (RPII) RM350 million guaranteed notes and AAIS on RM360 million non-guaranteed notes. The outlook for both ratings is stable. Both guaranteed and non-guaranteed notes were issued under the RM710 million Islamic Medium-Term Notes (IMTN) Programme.             &nb...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 444 views 0 downloads
MARC has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM2.0 billion Sukuk Ijarah (sukuk) with a stable outlook. The affirmed rating incorporates a two-notch uplift from KEV’s standalone rating of AA- premised on MARC’s continued assessment of a very high probability of support from majority shareholder Tenaga Nasional Berhad (TNB). The rating agency’s assessment ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 367 views 0 downloads
MARC has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. Tanjung Bin O&M is the main operator of the 2,100-megawatt (MW) coal-fired power plant owned by related entity Tanjung Bin Power Sdn Bhd (TBP). The issuer’s key operational obligations under the O&M agreement (OMA) with TBP have been transf...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 588 views 10 downloads
MARC has affirmed its AAAIS rating on TNB Northern Energy Berhad's (TNB Northern Energy) Islamic securities (sukuk) of RM1.625 billion with a stable outlook. TNB Northern Energy is an indirect wholly-owned subsidiary of Tenaga Nasional Bhd (TNB) and was established to undertake the construction of a 1,071.43-megawatt combined-cycle gas turbine power plant in Seberang Perai Tengah, Penang, under a ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 612 views 17 downloads
MARC has assigned a rating of AA-IS to Grand Sepadu (NK) Sdn Bhd’s (Grand Sepadu) issuance of RM210.0 million Sukuk Murabahah (sukuk). The outlook on the rating is stable. The proceeds from the issuance will be mainly utilised to facilitate the roll-over of Grand Sepadu’s existing bridging loan of RM200 million that was taken to part-finance the acquisition of assets and concession rig...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 453 views 15 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 affirmed rating reflects Westports’ strong market position as a transhipment hub in the region through its operations of five conventional terminals and seven container terminals that have a total handling capacity of 11 million twenty-foot ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 503 views 16 downloads
MARC has affirmed its rating of BBB-IS on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes (Restructured Sukuk) Programme with a stable outlook. The affirmed rating reflects Senai-Desaru Expressway’s (SDE) satisfactory traffic performance in line with revised projections, and SDEB’s improved cash flow coverage from the accommodative amortisation sc...


Normal Price: RM500.00       Subscriber Price: Free Download
MARC has assigned a final rating of AA-IS with a stable outlook on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB or the group) Sukuk Murabahah Programme of up to RM1.0 billion. The rating incorporates a one-notch uplift from MHB’s standalone rating based on MARC’s assessment on the likelihood of moderate support from MHB’s ultimate parent PETRONAS. The suppo...


Normal Price: RM500.00       Subscriber Price: Free Download