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MARC Ratings has affirmed its AA-IS rating on SHC Capital Sdn Bhd’s RM80 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme with a stable outlook.SHC Capital is a wholly-owned funding vehicle of Tunas Cool Energy Sdn Bhd (TUNAS), a subsidiary of Sin Heng Chan (Malaya) Berhad. TUNAS owns a district cooling system (DCS) plant and distributes chilled water ...
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MARC Ratings has affirmed its AA-IS rating on SHC Capital Sdn Bhd’s RM80 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme with a stable outlook. There is no further drawdown expected, but any drawdown will require a reassessment of the rating. SHC Capital is a wholly-owned funding vehicle of Tunas Cool Energy Sdn Bhd (TUNAS), a subsidiary of Sin H...
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MARC Ratings has affirmed its AA-IS rating on SHC Capital Sdn Bhd’s RM80.0 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme with a stable outlook. There is no further drawdown expected, but any new drawdown will require a re-assessment of the rating.SHC Capital is a wholly-owned funding vehicle of Tunas Cool Energy Sdn Bhd (TUNAS), a subsidiary of Sin ...
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MARC has affirmed its rating of AA-IS on special-purpose vehicle SHC Capital Sdn Bhd’s RM80.0 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable. There are no expectations of further drawdown in the medium term; any further drawdown will require a re-assessment of the rating. SHC Capital is wholly owned by Tunas Cool En...
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MARC has assigned a final rating of AA-IS to special-purpose vehicle SHC Capital Sdn Bhd’s (SHC Capital) proposed RM80.0 million issuance under its RM200.0 million Islamic Medium-Term Notes Programme (Sukuk Wakalah). 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 ma...
This article has been viewed 786 times.
MARC has assigned its preliminary rating of AA-IS to special-purpose vehicle SHC Capital Sdn Bhd’s proposed RM80.0 million issuance under its RM200 million IMTN (Sukuk Wakalah) programme. The rating outlook is stable.There are no expectations of further drawdown in the medium term; any further drawdown will require a re-assessment of the rating. SHC Capital is wholly owned by Tunas Cool Energy S...
This article has been viewed 993 times.