MARC has assigned a final rating of AA-IS with a stable outlook to Malakoff Power Berhad’s (MPower) Sukuk Murabahah of up to RM5.4 billion.

Upon review of the final documentation of the forthcoming issuance, MARC is satisfied that the terms and conditions of the Sukuk Murabahah 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 ratings have been provided in MPower’s preliminary rating announcement on November 22, 2013. The full Credit Analysis Report is available on MARC’s website www.marc.com.my.

Contacts:
Koh Shu Yunn, +603-2082 2243/ shuyunn@marc.com.my;
Ng Chun Kean, +603-2082 2230/ chunkean@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.