Displaying 1-10 of 517 results.
Wednesday, Sep 27, 2017
MARC ASSIGNS A FINAL RATING OF AA-IS TO QUANTUM SOLAR PARK (SEMENANJUNG)’S RM1.0 BILLION GREEN SRI SUKUK; OUTLOOK STABLE
MARC has assigned a final rating of AA-IS to Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) Green SRI Sukuk of up to RM1.0 billion. The outlook on the rating is stable. Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the Green SRI Sukuk have not changed in any material way from the draft documentation on whic...
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Tuesday, Sep 26, 2017
MARC has affirmed its rating of AA-IS on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. The rating reflects the credit strength of parent company Malakoff Power Berhad (MPower) which has provided unconditional and irrevocable undertaking in the form of cash deficiency support to top up any shortfall in the finance servic...
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Thursday, Sep 21, 2017
MARC ASSIGNS PRELIMINARY RATING OF AA-IS TO SOUTHERN POWER’S PROPOSED SUKUK WAKALAH OF UP TO RM4.0 BILLION; OUTLOOK STABLE
MARC has assigned a preliminary rating of MARC has affirmed the AA--IS to Southern Power Generation Sdn Bhd’s (Southern Power) proposed Sukuk Wakalah of up to RM4.0 billion. The outlook on the rating is stable. Southern Power, a 51:49 joint venture between Tenaga Nasional Berhad (TNB) and SIPP Energy Sdn Bhd, will utilise proceeds from the sukuk to develop a 2x720-megawatt combined cycle gas-fi...
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Wednesday, Sep 13, 2017
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. KPSB is the owner of a 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay, Sabah. The affirmed rating continues to be underpinned by the favourable terms of KPSB’s 21-year power purchase agreement (PPA) that allocates demand risk and fuel ...
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Monday, Sep 11, 2017
MARC AFFIRMS RATINGS OF MARC-1IS AND AAAIS ON GAS MALAYSIA’S RM700 MILLION ISLAMIC CP AND ISLAMIC MTN PROGRAMME RESPECTIVELY
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 a...
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Monday, Sep 11, 2017
MARC has withdrawn its rating of AA-(bg) on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Bank-Guaranteed Serial Fixed Rate Bonds. The rating withdrawal follows the full redemption and subsequent cancellation of the facility as confirmed by the facility agent. Upon the rating withdrawal, MARC will no longer be providing analytical coverage on the issuance. Contacts: Adib A...
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Thursday, Aug 24, 2017
MARC has affirmed its rating of AA-IS on 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 the concessionaire of the 32.1km DUKE Phase 3 expressway in Kuala Lumpur under an agreement with the Malaysian government ending August 5, 2069. The expressway is currently under construction ...
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Tuesday, Aug 15, 2017
MARC AFFIRMS ITS AA+IS RATING ON KAPAR ENERGY’S RM2.0 BILLION SUKUK IJARAH; OUTLOOK REVISED TO STABLE FROM NEGATIVE
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 2...
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Monday, Aug 07, 2017
MARC AFFIRMS ITS AA+IS RATING ON CELCOM NETWORKS’ RM5.0 BILLION SUKUK MURABAHAH PROGRAMME; OUTLOOK REMAINS NEGATIVE
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 g...
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Tuesday, Aug 01, 2017
MARC AFFIRM ITS AAIS AND AAAIS(FG) RATINGS ON RANHILL POWERTRON II’S OUTSTANDING RM240 MILLION IMTN AND RM350 MILLION GUARANTEED IMTN RESPECTIVELY
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 and was established to build, own and operate Rugading Power Station, a 190-megawat...
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