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MARC Ratings has affirmed its AA-IS rating on Konsortium KAJV Sdn Bhd’s (KAJV) RM1.0 billion Sukuk Wakalah Programme with a stable outlook. The rating mirrors Terengganu’s sub-sovereign AA-/Stable rating and reflects the capacity of the Terengganu state government to meet its payment obligations due on the Facility Payment Certificates (FPC) it issued for work completed by KAJV for the Ku...
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MARC Ratings has affirmed its AA-IS rating on Konsortium KAJV Sdn Bhd’s (KAJV) RM1.0 billion Sukuk Wakalah Programme with a stable outlook. The rating reflects the credit strength of the Terengganu state government to meet its payment obligations due on the Facility Payment Certificates (FPC) it issued for work completed by KAJV for the Kuala Terengganu Utara (KTU) water suppl...
This article has been viewed 668 times.
MARC Ratings has affirmed its AA-IS rating on Konsortium KAJV Sdn Bhd’s (KAJV) RM1.0 billion Sukuk Wakalah Programme with a stable outlook. The rating reflects the credit strength of the Terengganu state government to meet its payment obligations due on the Facility Payment Certificates (FPC) it issued for work completed by KAJV for the Kuala Terengganu Utara (KTU) water supply project. The...
This article has been viewed 727 times.
MARC has affirmed its AA-IS rating on Konsortium KAJV Sdn Bhd’s (KAJV) RM1.0 billion Sukuk Wakalah Programme with a stable outlook. The rating reflects the credit strength of the Terengganu state government to be able to meet the payment obligations due on the Facility Payment Certificates (FPC) the state has issued for the work done as at date by KAJV. MARC maintains a sub-sovereign credit...
This article has been viewed 768 times.
MARC has affirmed its AA-IS rating on Konsortium KAJV Sdn Bhd’s (KAJV)
RM1.0 billion Sukuk Wakalah Programme with a stable outlook. KAJV is a
single-purpose company undertaking the Kuala Terengganu Utara (KTU) water
supply project for the Terengganu State Government.The rating reflects
the credit strength of the Terengganu State Government to meet the
unconditional and irrevocable payment o...
This article has been viewed 911 times.
MARC has assigned a rating of AA-IS to Konsortium KAJV Sdn Bhd’s (KAJV) RM1.0 billion Sukuk Wakalah Programme with a stable outlook. The assigned rating reflects the credit strength of the Terengganu state government to meet the unconditional and irrevocable payment obligations on the Facility Payment Certificates (FPC) issued for work done for the Kuala Terengganu Utara (KTU) water supply pro...
This article has been viewed 1199 times.