MARC has assigned a final rating of AA+IS to Kapar Energy Ventures Sdn Bhd’s (KEV) RM2.0 billion Sukuk Ijarah (Sukuk) with a stable outlook.

Upon review of the final documentation of the forthcoming Sukuk issuance, MARC is satisfied that the terms and conditions of the Sukuk have not changed in any material way from the draft documents on which the earlier preliminary rating of AA+IS was based.

Full details on the assigned rating have been provided in KEV’s preliminary rating announcement on June 19, 2013. The full Credit Analysis Report will be made available on MARC’s website at www.marc.com.my.

Contacts:
Tan Eng Keat, +603-2082 2265/ engkeat@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.