MARC has removed its ratings of A+ID on ARL Power Sdn Bhd’s RM177.0 million Al Bai’ Bithaman Ajil Secured Serial Bonds (ABBA) and RM50.0 million Islamic Medium Term Notes (IMTN) respectively from MARCWatch Developing where it was placed on January 4, 2010. At the same time, MARC has withdrawn the ratings upon confirmation from the facility agent of the cancellation of the facilities ef...

MARC has placed its A+ID rating on ARL Power Sdn Bhd’s (ARLP) RM177 million Al Bai’ Bithaman Ajil Secured Serial (ABBA) Bonds and RM50 million Islamic Medium Term Notes (IMTN) on MARCWatch Developing. The rating action follows an early redemption of outstanding ABBA bonds and IMTNs by the issuer. MARC has received confirmation from Malaysian Trustees Berhad (the trustee) on receipt of ...

MARC has affirmed the ratings of ARL Power Sdn Bhd’s (ARLP) RM177.0 million Al Bai’ Bithaman Ajil Secured Serial (ABBA) Bonds and RM50.0 million Islamic Medium-Term Notes (IMTN) at A+ID. The ratings carry a stable outlook. The ratings principally reflect the strength of cash flows generated under a 21-year power purchase agreement (PPA) with Sabah Electricity Sdn Bhd (SESB), an 80%-own...

MARC has reaffirmed the A+ID ratings of ARL Power Sdn Bhd’s (ARLP) RM177 million Bai Bithaman Ajil Secured Serial Bonds and RM50 million Islamic Medium-Term Notes.  The ratings carry stable outlook.  The ratings principally reflect the strength of cash flows generated under a 21-year power purchase agreement (PPA) with Sabah Electricity Sdn Bhd (SESB).  SESB is 80%-owned subsi...

The ratings of ARL Power Sdn Bhd’s (ARLP) RM177.0 million Al-Bai’ Bithaman Ajil Secured Serial Bonds (ABBA) and RM50.0 million Islamic Medium-Term Notes (IMTN) have been reaffirmed at A+ID. The rating reaffirmations are based on the stable and predictable cash flows of the company which has allowed it to service its debt obligations on a timely manner, the presence of a long-term fuel ...

MARC has reaffirmed the ratings of ARL Power Sdn Bhd’s (ARLP) RM177.0 million Al-Bai’ Bithaman Ajil Secured Serial Bonds (ABBA) and RM50.0 million Islamic Medium Term Notes (IMTN) at A+ID. The ratings were reaffirmed based on the stable and predictable cash flow of the company allowing them to service their debt obligations in a timely manner; the presence of a long-term fuel supply contract w...

MARC has upgraded the ratings of ARL Tenaga Sdn Bhd’s (ARLT) RM177.0 million Bai’ Bithaman Ajil Islamic Secured Serial Bonds (ABBA) and RM50.0 million Islamic Medium-Term Notes (IMTN) to A+ID (A Plus, Islamic Debt). The upgrade is backed by ARLT’s commendable ability to service its obligation under the ABBA and IMTN in a timely manner backed by the stable and predictable cash flow of the com...

MARC has assigned a rating of AID (A flat, Islamic Debt) to ARL Tenaga Sdn Bhd’s (ARLT) proposed RM50.0 million Islamic Medium-Term Notes. The assigned rating reflects the stable and predictable cash flow which is expected to cover the company’s debt servicing requirements comfortably; the presence of a long-term fuel supply contract which eliminates supply disruption risk; and an issue struct...

Malaysian Rating Corporation Berhad has reaffirmed the rating of AID (Single A Flat, Islamic Debt) for ARL Tenaga Sdn Bhd’s (ARLT) Al-Bai Bithaman Ajil Secured Serial Bonds Facility (ABBA) with a nominal value of RM177.0 million. The reaffirmation of the rating reflects the stable and predictable cash flow which is expected to cover the company’s debt servicing requirements comfortably; the pr...

Malaysian Rating Corporation Berhad has reaffirmed the rating of AID (Single A Flat, Islamic Debt) for ARL Tenaga Sdn Bhd’s (ARLT) Al-Bai Bithaman Ajil Secured Serial Bonds Facility (ABBA) with a nominal value of RM177.0 million. The reaffirmation of the rating reflects the stable and predictable cash flow which is expected to cover the company’s debt servicing requirements comfortably; the pr...