Rating action          MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar Dua) outstanding RM92.0 million Green Sustainable and Responsible Investment (SRI) Sukuk with a stable outlook. UiTM Solar Dua owns and operates a 25MW solar power plant in Pasir Gudang, Johor.RationaleThe affirmed rating reflects the strength of the 21-ye...

Rating action     MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar Dua) outstanding Green Sustainable and Responsible Investment (SRI) Sukuk of RM97.0 million with a stable outlook.Rationale     The rating affirmation is mainly premised on the strength of the 21-year power purchase agreement (PPA) between UiTM Solar Dua and Te...

Rating action     MARC has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) outstanding Green Sustainable and Responsible Investment (SRI) Sukuk of RM100.0 million. The rating outlook is stable.Rationale     In affirming the rating, we considered UiTM Solar 2’s 21-year power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB) under...

Rating Action     MARC has assigned a rating of AA-IS to UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) proposed Green SRI Sukuk of up to RM100.0 million. The rating outlook is stable.Rationale     UiTM Solar 2 was set up to develop and operate a 25MW solar power plant in Pasir Gudang, Johor. Its parent, UiTM Energy & Facilities Sdn Bhd (UiTM Energy) operates a 5...