Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 530 results.
Tuesday, Dec 05, 2017
MARC has assigned a preliminary rating of AA-IS to SAJ Capital Sdn Bhd’s (SAJ Capital) proposed Sukuk Murabahah of up to RM650 million for up to 12 years. The outlook on the rating is stable. SAJ Capital is wholly owned by Ranhill Capital Sdn Bhd (RCSB), which in turn is a wholly-owned subsidiary of Bursa Malaysia-listed Ranhill Holdings Berhad (Ranhill). RCSB holds an 80% interest in SAJ Ranhil...

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Thursday, Nov 30, 2017
MARC has affirmed its AAIS rating on ANIH Berhad's (ANIH) RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032 as well as Kuala Lumpur-Seremban Expressway (KL-Seremban) until 2018. The rating considers the stable traffic performance on ANIH’s concessi...

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Thursday, Nov 23, 2017
MARC has affirmed its AAAIS rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The rating affirmation factors in a three-notch rating uplift for parental support from Putrajaya Holdings Berhad (PJH) on which MARC maintains a long-term credit rating of AAA/stable. The support asses...

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Friday, Nov 17, 2017
MARC has assigned its rating of A+IS(s) to Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme (Sukuk Wakalah) of up to RM2.0 billion. Concurrently, MARC has also assigned its rating of AAAIS(fg) to PLSUKE’s Danajamin-Guaranteed Facilities (Danajamin-Guaranteed Sukuk) of up to RM500.0 million. The outlook on both ratings is stable. PLSUKE is wholly owned by P...

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Tuesday, Nov 14, 2017
MARC has affirmed its AAAIS(fg) rating on Sarawak-based investment holding company Senari Synergy Sdn Bhd’s (Senari Synergy) RM380 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating and outlook hinge on an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the IMTN obligations. Danajamin carries a financial insurer ratin...

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Tuesday, Nov 14, 2017
MARC has assigned a preliminary rating of AA-IS to Sinar Kamiri Sdn Bhd’s (SKSB) proposed Green SRI Sukuk Wakalah of up to RM245.0 million. The outlook on the rating is stable. Wholly owned by Mudajaya Group Berhad (Mudajaya), SKSB was solely set up to undertake the development and operations of a greenfield solar power generation facility with a capacity of 49.0MWac in Sungai Siput, Perak. ...

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Thursday, Oct 26, 2017
MARC has assigned a final rating of AA-IS to Southern Power Generation Sdn Bhd’s (Southern Power) Sukuk Wakalah of up to RM4.0 billion (sukuk). 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 sukuk have not changed in any material way from the draft documentation on which the earlie...

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Wednesday, Sep 27, 2017
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 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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