Press Releases
Displaying 1-10 of 13 results.
Thursday, Nov 25, 2021
MARC has affirmed its AA-IS  rating on Malakoff Power Berhad’s (MPower) outstanding RM2.93 billion Sukuk Murabahah with a stable outlook. MPower is the operations and maintenance operator of Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic independent power producers (IPP). MPower is a wholly-owned subsidiary of Malakoff. MARC’s rating approach to MPower considers t...

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Friday, Dec 11, 2020
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. MPower is the operations and maintenance operator of its parent company Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic power plants. The rating approach considers the consolidated credit profile of MPower and its parent company Malakoff given the st...

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Tuesday, Mar 10, 2020
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. MPower is the operations and maintenance (O&M) operator of its parent company Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic power plants. The rating considers the consolidated credit profile of MPower and Malakoff, in view of the strong operati...

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Thursday, Jan 31, 2019
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. MPower is the operations and maintenance (O&M) operator of its parent company Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic power plants. The rating reflects the consolidated credit profile of MPower and Malakoff in light of the strong operational...

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Wednesday, May 23, 2018
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. MPower is the operations and maintenance (O&M) operator of its parent company Malakoff Corporation Berhad’s (Malakoff) majority-owned domestic power plants. The rating affirmation considers the consolidated credit strength of MPower and Malakoff, taking into account the ...

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Tuesday, Mar 14, 2017
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. The outstanding sukuk amount is RM4.34 billion. MPower is the operations and maintenance (O&M) operator of the power plants owned by its parent company Malakoff Corporation Berhad (Malakoff). Apart from the O&M revenue, MPower receives interest income and principal redempt...

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Friday, Jan 22, 2016
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.40 billion Sukuk Murabahah with a stable outlook. The rating affects the outstanding sukuk of RM4.44 billion. Wholly-owned by Malakoff Corporation Berhad (Malakoff), MPower is the operations and maintenance (O&M) service provider of its parent’s domestic power generation facilities. The rating reflects the consoli...

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Thursday, Dec 04, 2014
MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.38 billion Sukuk Murabahah. The outlook on the rating is stable. MPower undertakes the operations and maintenance (O&M) of several independent power producers (IPP) of its parent, Malakoff Corporation Berhad (Malakoff), an investment holding company with 7,249.4 megawatts (MW) of gross power generating capacity i...

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Wednesday, Aug 27, 2014
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...

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Friday, Dec 20, 2013
MARC has withdrawn its AA-IS  rating on Malakoff Power Berhad's (MPower) RM5.6 billion Murabahah Securities Facility upon full early redemption. The outstanding obligations under the Murabahah Securities Facility were fully refinanced with a new issuance of RM5.38 billion Sukuk Murabahah on December 17, 2013.Going forward, MARC’s rating surveillance on MPower will be limited to the Suku...

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