Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 550 results.
Monday, Jun 04, 2018
MARC has affirmed its AA+IS rating on Westports Malaysia Sdn Bhd’s RM2.0 billion Sukuk Musyarakah Programme with a stable outlook. Westports’ strong position as a key port operator in the region, consistently high and stable profit margin as well as strong financial service coverage continue to be key rating drivers. Moderating the rating is increasing competitive pressure arising from (...

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Wednesday, May 23, 2018
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. MPower is the operations and maintenance (O&M) operator of its parent company Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic power plants. The rating affirmation considers the consolidated credit strength of MPower and Malakoff, taking into account the ...

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Friday, May 18, 2018
MARC has affirmed its A+IS rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). Concurrently, MARC has revised the rating outlook to stable from negative. SPRINT is the toll concessionaire of the 26.5-km interlinked SPRINT highway comprising Damansara Link, Kerinchi Link and Penchala Link in Kuala Lumpur. The rating affirma...

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Monday, May 14, 2018
MARC has affirmed its AAAIS rating on Projek Lebuhraya Usahasama Berhad's (PLUS) RM23.35 billion Sukuk Musharakah Programme (sukuk) with a stable outlook. PLUS is the toll concessionaire of five major highways in Malaysia, of which the 772-kilometre (km) North-South Expressway (NSE) is its key highway in terms of revenue generation. The rating affirmation continues to incorporate a two-notch...

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Thursday, Apr 26, 2018
MARC sees no immediate impact on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) AA-IS/Stable rating on its RM1.0 billion Green SRI Sukuk (sukuk) following delays in commercial operation dates (COD) for its three solar power plants. The scheduled COD (SCOD) had been extended by Tenaga Nasional Bhd (TNB) to March 31, 2018 from December 31, 2017 for all three plants at Gurun, ...

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Tuesday, Apr 24, 2018
MARC has assigned a final rating of AA-IS to UiTM Solar Power Sdn Bhd’s (UiTM Solar) Green SRI Sukuk of up to RM240.0 million. The outlook on the rating is stable. Upon review of the final documentation of the 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 which the earlier preliminary rati...

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Wednesday, Apr 18, 2018
MARC has affirmed its rating of AAIS on BEWG (M) Sdn Bhd’s (BEWG) RM400 million Sukuk Wakalah with a stable outlook. The rating is underpinned by the credit strength of the Terengganu state government which will provide periodic payments under a deferred payment structure upon completion of a water treatment project in the state. The rating also incorporates a one-notch rating uplift based on t...

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Thursday, Mar 29, 2018
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme. Concurrently, MARC has revised the rating outlook to stable from negative. Currently, there is no outstanding sukuk under the rated programme. The outlook revision is driven by MHB’s increasing order book and the improving outlook for the oil and ga...

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Thursday, Mar 22, 2018
MARC has affirmed its rating of AA-IS on Cerah Sama Sdn Bhd’s (Cerah Sama) RM420.0 million sukuk with a stable outlook. Cerah Sama is the investment holding company of Grand Saga Sdn Bhd (Grand Saga), the concessionaire of the 11.5-kilometre Cheras-Kajang Highway. The rating mainly reflects Cheras-Kajang Highway’s steady traffic performance that supports Cerah Sama’s cash flow generati...

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Tuesday, Mar 20, 2018
MARC has assigned a preliminary rating of AA-IS to UiTM Solar Power Sdn Bhd’s (UiTM Solar) proposed Green SRI Sukuk of up to RM240.0 million. The outlook on the rating is stable. UiTM Solar is 98% owned by UiTM Energy & Facilities Sdn Bhd (UiTM Energy), a wholly-owned subsidiary of UiTM Holdings Sdn Bhd (UHSB) which in turn is wholly owned by Universiti Teknologi Mara (UiTM), a higher l...

This article has been viewed 86 times.