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MARC has withdrawn its A+ID rating on Sweetwater SPV Sdn Bhd’s RM195.0 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS) with immediate effect, following confirmation by ECM Libra Investment Bank, the Facility Agent, that the BaIDS has been fully redeemed....
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MARC has reaffirmed the rating of A+ID on Sweetwater SPV Sdn Bhd’s (“SSPV”) RM195 million Bai Bithaman Ajil Islamic Debt Securities (“BaIDS”). The rating outlook for the BaIDS is stable. However, the rating remains sensitive to the outcome of the water sector reform.The rating is underpinned by the dividend paying capacity of Syarikat Pengeluar Air Selangor Holdings B...
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MARC has affirmed the rating of A+ID with Stable Outlook to Sweetwater SPV Sdn Bhd’s (“SSPV”) RM195 million Bai Bithaman Ajil Islamic Debt Securities (“BaIDS”). The rating is driven by the operational and financial capability of Syarikat Pengeluar Air Selangor Holdings Berhad (“Splash Holdings”) to upstream dividends to its shareholders, payment of interes...
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MARC has assigned an A+ID rating to Sweetwater SPV Sdn Bhd’s (SSPV) proposed RM195 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The rating is supported by the operational and financial capability of Syarikat Pengeluar Air Selangor Sdn Bhd (Splash) to upstream dividends to its shareholders, payment of interest on the loan stocks or loan stock redemption as these cashflows will form ...
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