Displaying 491-500 of 897 results.
MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The rating incorporates the impending commencement of full commercial operations of KPSB’s 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay in Sabah and its long-term power purchase agreement (PPA) with a creditworthy utility, Sabah Electr...
This article has been viewed 1644 times.
MARC has affirmed its rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme at AAAIS. Concurrently, the outlook on the rating has been revised to negative from stable. CNSB owns the core network assets of its parent Celcom Axiata Berhad (Celcom) and serves mainly as a network service provider to the Celcom group. The rating and outlook of CNSB are derived from th...
This article has been viewed 2091 times.
MARC has withdrawn its MARC-1IS rating on Malakoff Power Berhad's (MPower) RM300 million Islamic commercial papers (ICP) programme. The rating withdrawal follows the cancellation of the ICP programme following the full redemption of all outstanding notes under the programme on April 18, 2014 as confirmed by the facility agent on August 25, 2014.Going forward, MARC’s rating surveillance on MP...
This article has been viewed 1518 times.
MARC has withdrawn its rating of AAIS on Alloy Properties Sdn Bhd’s (APSB) RM240 million Sukuk Musyarakah Medium Term Notes Programme. The rating withdrawal follows the early redemption and subsequent cancellation of the Sukuk Musyarakah Programme on July 18, 2014 as confirmed by the facility agent. Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on th...
This article has been viewed 2312 times.
MARC has affirmed the ratings on Ranhill Powertron II Sdn Bhd’s (RPII) RM350 million guaranteed notes and RM360 million non-guaranteed notes issued under the RM710 million Islamic Medium-Term Notes (IMTN) Programme at AAAIS(fg) and AAIS respectively. The outlook for both ratings is stable. RPII is a special purpose project company that operates the 190-megawatt combined-cycle gas turbine (CCGT) ...
This article has been viewed 2542 times.
MARC has affirmed its AAAIS(bg) and AAAIS(fg) ratings on Ranhill Group Sdn Bhd’s (Ranhill Group, formerly known as Ranhill Power Sdn Bhd) RM300 million bank-guaranteed (Tranche 1) and RM500 million Danajamin-guaranteed (Tranche 2) Sukuk Musharakah facilities respectively. The outlook for the ratings is stable.The rating on the Tranche 1 sukuk reflects the credit strength of an unconditional ...
This article has been viewed 1645 times.
MARC has withdrawn its AA+ID rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM3,402.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) upon full early redemption of the outstanding notes from the proceeds of the RM2.0 billion Sukuk Ijarah. Going forward, MARC’s rating surveillance is now limited to the Sukuk Ijarah which is rated AA+IS with a stable outlook. KEV was es...
This article has been viewed 1851 times.
MARC has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM2.0 billion Sukuk Ijarah (sukuk) with a stable outlook. The affirmed rating incorporates a two-notch support uplift from KEV’s standalone credit profile to reflect MARC’s expectation of a very high probability of parental support from Tenaga Nasional Berhad (TNB) (rated AAA/Stable). The rating agency&rs...
This article has been viewed 1953 times.
MARC has withdrawn its rating of AAAIS on Putrajaya Management Sdn Bhd’s (PMSB) RM370.0 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme at the request of the issuer. No Sukuk Wakalah have been issued to date and the issuer is in the process of cancelling the Sukuk Wakalah Programme.Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on the issu...
This article has been viewed 1266 times.
MARC has affirmed its rating of AA-IS on Tanjung Bin O&M Berhad’s (Tanjung Bin O&M) RM470.0 million Islamic Securities (Sukuk Wakalah) with a stable outlook. The affirmed rating essentially reflects the reliance on the future cash flows from the operations and maintenance (O&M) services for the 2,100-megawatt (MW) coal-fired power plant owned by related entity Tanjung Bin Power S...
This article has been viewed 1682 times.