Tuesday, Apr 24, 2018
MARC has assigned a final rating of AA-IS to UiTM Solar Power Sdn Bhd’s (UiTM Solar) Green SRI Sukuk of up to RM240.0 million. The outlook on the rating is stable.
Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Green SRI Sukuk have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-IS /Stable was based.
For full details of the assigned rating, please see UiTM Solar’s preliminary rating announcement on March 20, 2018. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.
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