Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 711 results.
Wednesday, Oct 13, 2021
MARC has revised the ratings outlook on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd's (Kesturi) RM2.3 billion Sukuk Musharakah (Senior Sukuk) and RM180 million Redeemable Secured Junior Bonds to negative from stable. Concurrently, the rating agency has affirmed its AA-IS and A- ratings on the Senior Sukuk and Junior Bonds, with the three-notch rating differential between them reflecting the latt...

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Monday, Oct 11, 2021
MARC has affirmed its ratings of MARC-1IS and A+IS on George Kent (Malaysia) Berhad’s (George Kent) RM100.0 million Islamic Commercial Papers Programme and RM500.0 million Islamic Medium-Term Notes Programme (collectively Sukuk Programmes), subject to a combined limit of RM500.0 million. The ratings outlook is stable. The rating affirmation mainly reflects George Kent’s stable water meter...

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Friday, Oct 08, 2021
MARC has affirmed its AA-IS rating on Leader Energy Sdn Bhd’s outstanding ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of RM255.0 million. The rating outlook is stable. Leader Energy is the investment holding company of two solar power project companies with solar power projects in Kuala Muda, Kedah. The solar power plants have a combined capacity of 49MW.The rating aff...

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Thursday, Oct 07, 2021
MARC has affirmed its AAAIS  rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah, with a stable outlook.TTM SPV is the funding vehicle of Trans Thai-Malaysia (Thailand) Ltd (TTMT) for the construction of two additional gas pipelines to transport natural gas from the Malaysia-Thailand Joint Development Area in the Gulf of Thailand to the industrial city of Rayong in Thaila...

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Tuesday, Oct 05, 2021
MARC has affirmed its AAAIS rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The current outstanding of RM50 million BaIDS is payable on December 2, 2022.The affirmed rating incorporates a three-notch uplift for parental support from Putrajaya Holdings Berhad, which carries a AAA/stab...

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Monday, Sep 27, 2021
MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) outstanding sukuk of RM3.7 billion with a stable outlook.TNB Western’s rating is equalised to parent Tenaga Nasional Berhad’s (TNB) corporate credit rating of AAA/stable, based primarily on the strength of TNB’s unconditional and irrevocable rolling guarantee to fund shortfalls in the finance service account, a...

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Monday, Sep 27, 2021
MARC has affirmed its AAIS rating on BEWG (M) Sdn Bhd’s RM400.0 million Sukuk Wakalah with a stable outlook. Outstanding sukuk currently stands at RM190.0 million.The Sukuk Wakalah was raised to part fund the Kemaman water project for the Terengganu state government. The project was aimed at refurbishing and upgrading water treatment and distribution facilities in Kemaman, Terengganu and was und...

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Monday, Sep 20, 2021
MARC has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) outstanding RM790.0 million Sukuk Ijarah. The rating outlook is maintained at negative. KEV, which owns and operates the 2,200MW Kapar Power Station in Klang, has seen an improvement in the operating performance of two of its three generating facilities that led to capacity payments (CP) that are largely in line wit...

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Tuesday, Sep 14, 2021
MARC has affirmed its AAAIS rating on TNB Northern Energy Berhad’s (TNB Northern) outstanding sukuk of RM1.35 billion with a stable outlook. TNB Northern is the funding vehicle for its parent TNB Prai Sdn Bhd to develop and operate the 1,071.43-MW combined-cycle gas turbine (CCGT) power plant in Seberang Perai Tengah, Penang. TNB Prai, which is an indirect wholly-owned subsidiary of Tenaga Nasio...

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Thursday, Sep 09, 2021
MARC has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) outstanding Green Sustainable and Responsible Investment (SRI) Sukuk of RM100.0 million. The rating outlook is stable.UiTM Solar 2 owns a 25MWac solar photovoltaic plant in Pasir Gudang, Johor, which was developed under a 21-year power purchase agreement (PPA) with Tenaga Nasional Berhad (TNB) and became operatio...

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