Credit Analysis Reports
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Popularity: 308 views 82 downloads
Rating action          MARC Ratings has affirmed its AAIS rating on Kimanis Power Sdn Bhd’s (KPSB) outstanding RM485.0 million Sukuk Programme with a stable outlook. Rationale KPSB’s 285MW combined-cycle gas plant has continued to perform in line with our expectations, meeting all stipulated requirements under its 21-year power purchase agreement (PPA) w...


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Popularity: 574 views 98 downloads
Rating action     MARC Ratings has affirmed its AAIS rating to Kimanis Power Sdn Bhd’s (KPSB) outstanding RM585.0 million Sukuk Programmes (sukuk). The rating outlook is stable.Rationale     The rating affirmation reflects KPSB’s steady cash flow generation attributed to the consistent performance of its plant to exceed the minimum requirements under the Power Pur...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 858 views 82 downloads
Rating action    MARC has upgraded the rating on Kimanis Power Sdn Bhd's (KPSB) outstanding RM650.0 million Sukuk Programmes (sukuk) to AAIS from AA-IS. The rating outlook is stable. Rationale     The rating upgrade is premised on the consistently strong operational performance of KPSB’s 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay in S...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1737 views 112 downloads
MARC affirms the AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. KPSB owns and operates the 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay, Sabah. The rating affirmation factors in the favourable terms of KPSB’s 21-year power purchase agreement (PPA) under which the demand risk is allocated to the offtake...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1694 views 78 downloads
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The rating affirmation factors in the favourable terms of KPSB’s 21-year power purchase agreement (PPA) under which the demand risk is allocated to the offtaker Sabah Electricity Sdn Bhd (SESB). Tenaga Nasional Berhad (TNB), which has a MARC rating of AAA/St...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1429 views 111 downloads
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. KPSB is the owner of the 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay, Sabah. The rating affirmation is underpinned by the favourable terms of KPSB’s 21-year power purchase agreement (PPA) with offtaker Sabah Electricity Sdn Bhd (SES...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1266 views 50 downloads
MARC has affirmed the AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. KPSB is the owner of the 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay, Sabah. The affirmed rating continues to be underpinned by the favourable terms of KPSB’s 21-year power purchase agreement (PPA) that allocates demand risk and fue...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1663 views 14 downloads
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The affirmed rating is underpinned by the favourable terms of KPSB’s 21-year power purchase agreement (PPA) with the offtaker, Sabah Electricity Sdn Bhd (SESB), under which demand risk is transferred to the offtaker. SESB is an 83%-owned subsidiary of Tenaga...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1681 views 10 downloads
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The affirmed rating incorporates the favourable terms of KPSB’s 21-year power purchase agreement (PPA) with the offtaker Sabah Electricity Sdn Bhd (SESB). The PPA transfers demand risk and fuel price risk to SESB, an 83%-owned subsidiary of Tenaga Nasional Berhad...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 2009 views 183 downloads
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The rating incorporates the impending commencement of full commercial operations of KPSB’s 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay in Sabah and its long-term power purchase agreement (PPA) with a creditworthy utility, Sabah Electricit...


Normal Price: RM500.00       Subscriber Price: Free Download