Rating action           MARC Ratings has assigned preliminary ratings of MARC-1IS/AA-IS  to Malakoff Power Berhad’s (MPower) proposed Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) programmes of up to RM1.2 billion. The outlook on the IMTN programme is stable. Concurrently, the rating agency has also affirmed its AA-IS rating on MPower’s outst...

Rating actionMARC Ratings has affirmed its AA-IS  rating on Malakoff Power Berhad’s (MPower) outstanding RM2.43 billion Sukuk Murabahah. The rating outlook is stable. RationaleWholly owned by Malakoff Corporation Berhad (Malakoff), MPower is the operations and maintenance (O&M) operator of independent power producers (IPPs) which are held through companies that are majority-owned b...

Rating action     MARC has affirmed its AA-IS  rating on Malakoff Power Berhad’s (MPower) outstanding RM2.93 billion Sukuk Murabahah. The rating outlook is stable. Rationale     MPower is the operations and maintenance (O&M) operator of its parent Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic independent power producers (IPP). MARC...

MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. As at end-June 2020, the amount outstanding under the rated programme was RM3.34 billion.MPower is the operations and maintenance (O&M) operator of its parent company Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic independent power producers (IPP). T...

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. As at end-December 2019, the sukuk has an outstanding amount of RM3.34 billion. The rating reflects the co...

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 operati...

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 affirmation considers the consolidated credit strength of MPower and Malakoff, taking into account ...

MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. The outstanding sukuk amount is RM4.34 billion. MPower is the operations and maintenance (O&M) operator of the power plants owned by its parent company Malakoff Corporation Berhad (Malakoff). Apart from the O&M revenue, MPower receives interest income and principal...

MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.40 billion Sukuk Murabahah with a stable outlook. The rating affects the outstanding sukuk of RM4.44 billion. Wholly-owned by Malakoff Corporation Berhad (Malakoff), MPower is the operations and maintenance (O&M) service provider of its parent’s domestic power generation facilities. The rating reflects the co...

MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.38 billion Sukuk Murabahah. The outlook on the rating is stable. MPower undertakes the operations and maintenance (O&M) of several independent power producers (IPP) of its parent, Malakoff Corporation Berhad (Malakoff), an investment holding company with 7,249.4 megawatts (MW) of gross power generating capacity in Ma...