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MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) outstanding RM750.0 million Green Sustainable and Responsible Investment (SRI) Sukuk with a stable outlook. QSP Semenanjung owns three 50MW power plants located in Gurun, Kedah; Jasin, Melaka; and Merchang, Terengganu.The rating affirmation reflects the good track record of energy generatio...
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MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) outstanding RM775.0 million Green Sustainable and Responsible Investment Sukuk with a stable outlook. QSP Semenanjung owns three 50MW power plants located in Gurun, Kedah; Jasin, Melaka; and Merchang, Terengganu.In 2022, energy generation from the Merchang plant surpassed its P90 projection...
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MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) RM1.0 billion Green Sustainable and Responsible Investment (SRI) Sukuk. The rating outlook is stable. QSP Semenanjung has a 100%-ownership in three project companies — QSP (Kedah) Sdn Bhd, QSP (Melaka) Sdn Bhd and QSP (Terengganu) Sdn Bhd — with each owning a fully operational 50MW sola...
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MARC has upgraded Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) RM1.0 billion Green Sustainable and Responsible Investment (SRI) Sukuk rating to AA-IS from A+IS. The rating agency has concurrently revised the rating outlook to stable from positive.The upgrade incorporates the steady operational performance exhibited by QSP Semenanjung’s three 50MW solar power plants that is line...
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MARC has affirmed its A+IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) Green Sustainable and Responsible Investment (SRI) Sukuk rating of up to RM1.0 billion. The rating outlook has been revised to positive from stable. The affirmed rating incorporates the mitigation of demand risk through the 21-year power purchase agreement (PPA) that the three project com...
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MARC has removed Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) RM1.0 billion Green SRI Sukuk rating from MARCWatch Negative. Concurrently, the rating has been maintained at A+IS with a stable outlook.
The rating action follows the confirmation from Suruhanjaya Tenaga vide letter dated July 15, 2019 that QSP Semenanjung’s solar power plant in Merchang has achieved Commercia...
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MARC has extended its MARCWatch Negative on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) RM1.0 billion Green SRI Sukuk rating while noting the fairly advanced stage of completion of QSP Semenanjung’s two remaining plants namely the Jasin and Merchang solar power plants. The rating was downgraded to A+IS and placed on MARCWatch Negative on January 25, 2019 on concerns that the ...
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MARC has issued this update on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) as part of its ongoing monitoring process on the RM1.0 billion Green SRI Sukuk that was issued to finance solar power plant projects in Gurun, Merchang and Jasin. While the Gurun plant has achieved commercial operation date (COD) i...
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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...
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MARC has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) RM1.0 billion Green SRI Sukuk. The rating outlook has been revised to negative from stable.
The negative outlook reflects primarily the heightened termination risk of two of the three solar power purchase agreements (PPA) following delays in achieving commercial operation dates (COD) of QSP ...
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