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Rating action MARC has assigned a preliminary rating of AAIS to S P Setia Berhad’s (S P Setia) proposed RM3.0 billion Islamic Medium Term Notes Programme. The rating outlook is stable. Proceeds from the proposed issuance will largely be used to fund capital injection into the group’s joint-venture Battersea Power Station, United Kingdom (Battersea Project) and to refinance e...
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