MARC has assigned a final 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. 

The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based. 

For full details of the assigned rating, please see UiTM Solar 2’s preliminary rating announcement on December 18, 2020. The complete analysis is provided in the Credit Analysis Report which is available on MARC’s website at www.marconline.com.my.

Contacts: 

Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my;  

Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.