Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 576 results.
Thursday, Feb 21, 2019
MARC has affirmed its rating of AA-IS on Cerah Sama Sdn Bhd’s RM420.0 million sukuk. Concurrently, the rating outlook has been revised to stable from negative. 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 incorporates Cheras-Kajang Highway’s steady traffic performance that remains suppo...

This article has been viewed 10 times.
Tuesday, Feb 19, 2019
MARC has affirmed its MARC-1IS/AAAIS ratings on PETRONAS Dagangan Berhad’s (PDB) Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) Programme of up to RM2.0 billion. The outlook on the ratings is stable. The ratings affirmation reflects PDB’s strong financial metrics, characterised by its sound liquidity and strong leverage position. PDB’s ratings also incorporate hig...

This article has been viewed 8 times.
Tuesday, Feb 19, 2019
MARC has affirmed its ratings of AA-IS and A- on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s (Kesturi) RM2.3 billion Sukuk Musharakah (Senior Sukuk) and RM180 million Redeemable Secured Junior Bonds (Junior Bonds). The three-notch rating differential between the Senior Sukuk and Junior Bonds reflects the latter’s subordination to the Senior Sukuk in regard to security ranking and payment ...

This article has been viewed 73 times.
Tuesday, Feb 12, 2019
MARC has withdrawn its DIS rating on Alam Maritim Resources Berhad’s RM500 million Sukuk Ijarah Medium-Term Notes (MTN) programme. The rating withdrawal is at the request of the issuer on February 6, 2019 following the completion of the restructuring exercise of the MTN as confirmed by the facility agent. The sukuk rating was downgraded to DIS on July 7, 2017 following a missed payment. ...

This article has been viewed 15 times.
Monday, Feb 11, 2019
MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s Sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy is the funding vehicle of parent TNB Manjung Five Sdn Bhd, a wholly-owned subsidiary of TNB. The rating and outlook are equalised with Tenaga Nasional Berhad’s (TNB) corporate credit rating of AAA/stable on the basis of the rolling guarantee and commitm...

This article has been viewed 28 times.
Thursday, Feb 07, 2019
MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme. Concurrently, the rating outlook has been revised to stable from negative. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032. Its toll concession for Kuala Lumpur-Seremban Expressway (KL-Seremban) ended on May 31, 2018. ...

This article has been viewed 58 times.
Thursday, Jan 31, 2019
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 reflects the consolidated credit profile of MPower and Malakoff in light of the strong operational...

This article has been viewed 23 times.
Thursday, Jan 31, 2019
MARC has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. The outstanding sukuk amounted to RM400 million as at end-December 2018.   The affirmed rating reflects MARC’s assessment of a very high likelihood of support from project sponsors, Petroliam Nasional&nbs...

This article has been viewed 23 times.
Friday, Jan 25, 2019
MARC has downgraded Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) RM1.0 billion Green SRI Sukuk rating to A+IS from AA-IS/Negative and concurrently placed the rating on MARCWatch Negative. The rating action reflects the heightened risk of termination of solar power purchase agreements (SPPAs) related to QSP Semenanjung’s Merchang and Jasin solar power plant projects follow...

This article has been viewed 169 times.
Wednesday, Jan 09, 2019
MARC has affirmed its AA-IS rating on UiTM Solar Power Sdn Bhd’s (UiTM Solar) Green SRI Sukuk of up to RM240.0 million. The outlook on the rating is stable. UiTM Solar is the project owner of a greenfield solar power plant with a capacity of 50MWac in Gambang, Pahang. The project is 94.0% completed as at November 7, 2018, according to the independent consulting engineer and is expected to ...

This article has been viewed 61 times.