Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 864 results.
Thursday, Jun 13, 2024
MARC Ratings has affirmed its rating of AA-IS on Grand Sepadu (NK) Sdn Bhd’s RM210.0 million Sukuk Murabahah. Concurrently, the rating outlook has been revised to positive from stable. The outlook revision considers Grand Sepadu’s steadily improving leverage and coverage ratios, supported by a disciplined approach to dividend distribution. Its overall debt has continued to decline under t...

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Wednesday, May 29, 2024
MARC Ratings has revised its outlook on ANIH Berhad’s RM2.5 billion Senior Sukuk Musharakah Programme to stable from negative. Concurrently, the AA-IS rating on the programme has been affirmed. The stable outlook reflects the abatement of the uncertainty surrounding the approval process for ANIH to restructure its shareholdings. MARC Ratings understands that the change in ownership has been...

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Tuesday, May 28, 2024
MARC Ratings has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) outstanding RM3.7 billion sukuk with a stable outlook. TNB Western is a funding vehicle for TNB Manjung Five Sdn Bhd, the owner and operator of a 1,000MW coal-fired power plant in Manjung, Perak, under a power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB). The PPA expires in 2042. The rating...

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Monday, May 27, 2024
MARC Ratings has affirmed its AAAIS(bg) rating on Ranhill Sabah Energy II Sdn Bhd’s (RSEII) (formerly known as Ranhill Powertron II Sdn Bhd) outstanding RM300.0 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating affirmation reflects the unconditional and irrevocable guarantee on the programme from Bank Pembangunan Malaysia Berhad, which carries a financial insti...

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Tuesday, May 14, 2024
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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Tuesday, May 14, 2024
MARC Ratings has affirmed its A+IS(s) and AAAIS(bg) ratings on Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme of up to RM2.0 billion and bank-guaranteed Facilities of up to RM500.0 million. The latter is guaranteed by Bank Pembangunan Malaysia Berhad which carries a financial institution rating of AAA from MARC Ratings. All ratings carry a stable outlook. P...

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Thursday, Apr 25, 2024
MARC Ratings has affirmed its rating on port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) RM2.15 billion Islamic Medium-Term Notes (Sukuk Murabahah Programme) at AAIS. The rating outlook is stable. The rating affirmation is driven by PTP’s strong position as the operator of a key container transhipment port in the region that has benefitted from continued investments and the experti...

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Friday, Apr 19, 2024
MARC Ratings has affirmed its AAIS rating on Kimanis Power Sdn Bhd’s (KPSB) outstanding RM400.0 million Sukuk Programme with a stable outlook. KPSB owns a 285MW combined-cycle gas-fired power plant in Kimanis Bay, Sabah. The rating continues to be underpinned by KPSB’s 21-year power purchase agreement (PPA) with Sabah Electricity Sdn Bhd (SESB), which effectively mitigates demand risk and...

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Thursday, Apr 18, 2024
MARC Ratings has assigned a preliminary MARC-1IS rating to OCK Group Berhad’s (OCK) proposed RM500.0 million Islamic Commercial Papers (ICP) Programme. The rating agency has concurrently affirmed its AA-IS/Stable rating on OCK’s RM400.0 million Tranche 1 Sukuk Murabahah under its RM700 million Sukuk Murabahah Programme. As at end-February 2024, the outstanding amount under the Sukuk Murabahah ...

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Friday, Apr 05, 2024
MARC Ratings has affirmed its AA-IS and A- ratings on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s (Kesturi) RM2.3 billion Sukuk Musharakah (Senior Sukuk) and RM180 million Redeemable Secured Junior Bonds with a stable outlook. The rating differential between the Senior Sukuk and Junior Bonds reflects the latter’s subordinated status in line with the rating agency’s methodology.The affirm...

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