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MARC has withdrawn its AA-IS rating assigned to Stratavest Sdn Bhd’s (Stratavest) RM120 million nominal value Sukuk Ijarah as a result of the cancellation of the issuance.2 April 2008...
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MARC has assigned the rating of AA- IS to independent power producer, Stratavest Sdn Bhd’s (Stratavest) RM120.0 million Nominal Value Sukuk Ijarah (Sukuk Ijarah). Stratavest operates a 60MW diesel fired power plant (Libaran Power Plant) in Sandakan, Sabah. Proceeds from the issuance of the Sukuk Ijarah will be utilised largely to finance the purchase and/or early redemption of Stratavest&rsq...
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