MARC has assigned a rating of AA-IS to Malakoff Power Berhad’s (MPower) issuance of Sukuk Murabahah of up to RM5.4 billion. Concurrently, MARC has affirmed its short-term rating of MARC-1IS on MPower’s outstanding RM200 million Islamic commercial papers (ICP) due in April 2014 issued under its RM300.0 million ICP Programme. The ratings outlook is stable. Proceeds from the Sukuk Murabah...

MARC has assigned long-term and short-term programme ratings of AA-IS and MARC-1IS respectively to Malakoff Power Bhd’s (MPower) RM5.6 billion Murabahah Securities Facility and RM300.0 million Islamic Commercial Paper (ICP) Programme (collectively referred as Sukuk Murabahah Facility). The outlook on the ratings is stable.MPower is a wholly-owned subsidiary of Malakoff Corporation Berhad (Ma...