Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 677 results.
Friday, Jan 15, 2021
MARC has assigned preliminary ratings of MARC-1IS/AAIS to Cellco Capital Bhd’s (Cellco) proposed RM520 million issuance (Issue 1) under its Islamic Commercial Papers/Islamic Medium-Term Notes (Sukuk Ijarah Programme) with a combined limit of up to RM1.0 billion. The ratings outlook is stable.Cellco is a special-purpose entity set up to undertake the Sukuk Ijarah Programme for its parent, Stealth...

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Wednesday, Jan 13, 2021
MARC has assigned preliminary ratings of MARC-1IS and A+IS to George Kent (Malaysia) Berhad’s (George Kent) proposed RM100.0 million Islamic Commercial Papers (ICP) Programme and RM500.0 million Islamic Medium-Term Notes (IMTN) Programme subject to a combined limit of RM500.0 million. The ratings outlook is stable.The assigned ratings reflect George Kent’s conservative capital structure, stron...

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Tuesday, Jan 05, 2021
MARC has received confirmation that Sistem Penyuraian Trafik KL Barat’s (SPRINT) RM510.0 million Al-Bithaman Ajil Islamic Debt Securities (BaIDS) have been fully redeemed and cancelled on December 29, 2020.Accordingly, MARC has withdrawn its A+IS/Developing rating and will no longer provide analytical coverage on the issuer. Contacts:Ati Affira Kholid, 03-2717 2941/ affira@marc.com.my;Hafiz...

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Tuesday, Jan 05, 2021
MARC has affirmed its AA-IS  rating 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, the concessionaire of the 11.5-km Cheras-Kajang Highway. The rating affirmation reflects the company’s (1) resilient cash flows and stable revenue base (underpinned by the steady traffic performance o...

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Tuesday, Dec 29, 2020
MARC has affirmed its AAIS rating on ANIH Berhad's 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.The affirmed rating reflects ANIH’s healthy cash flow generation and adequate debt coverage, underpinned by stable traffic performance of KL-Karak and EC...

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Thursday, Dec 24, 2020
MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and sukuk rating of AAAIS on TNB’s RM2.0 billion Al-Bai’ Bithaman Ajil Islamic Financing Bonds (sukuk). The ratings outlook is stable. The ratings incorporate a two-notch rating uplift based on MARC's assessment of a high likelihood of government support given TNB’s critical role as the country’s principal energy ...

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Wednesday, Dec 23, 2020
MARC has affirmed its rating of AA-IS to Leader Energy Sdn Bhd’s (Leader Energy) ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of up to RM260.0 million. The rating outlook is stable.The affirmed rating reflects MARC’s assessment that Leader Energy’s two solar power projects with a combined capacity of 49MWac would generate steady cash flow to meet its financial oblig...

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Friday, Dec 18, 2020
MARC has assigned a preliminary rating of AA-IS to UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) proposed Green SRI Sukuk of up to RM100.0 million. The rating outlook is stable. UiTM Solar 2 was set up to develop and operate a 25MW solar power plant in Pasir Gudang, Johor. Its parent, UiTM Energy & Facilities Sdn Bhd (UiTM Energy), operates a 50MW solar power plant in Gambang, Pahang th...

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Friday, Dec 18, 2020
MARC has affirmed its AAAIS rating on Projek Lebuhraya Usahasama Berhad's (PLUS) RM23.35 billion Sukuk Musharakah Programme, concurrently removing the rating from MARCWatch Developing where it had been placed since January 24, 2020. The rating outlook is stable. The rating action is premised on MARC’s view that as long as the protracted negotiations between the government and the toll conce...

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Thursday, Dec 17, 2020
MARC has assigned a final rating of AA-IS to special-purpose vehicle SHC Capital Sdn Bhd’s (SHC Capital) proposed RM80.0 million issuance under its RM200.0 million Islamic Medium-Term Notes Programme (Sukuk Wakalah). The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any ma...

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