Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 695 results.
Thursday, Jul 15, 2021
MARC has affirmed its rating of AA-IS on Grand Sepadu (NK) Sdn Bhd’s (Grand Sepadu) RM210 million Sukuk Murabahah Issuance, with a stable outlook. The affirmation reflects Grand Sepadu’s adequate cash flow coverage and moderately leveraged capital structure. Moderating the rating are uncertainties on the implementation of the scheduled toll rate hikes and timing of government compensation...

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Wednesday, Jun 23, 2021
MARC has assigned a corporate credit rating of A+ with a stable outlook to Yinson Holdings Berhad (Yinson).The assigned rating is primarily driven by the group’s strong business profile in the floating, production, storage and offloading vessels (FPSO) segment from which it has been able to secure recurrent sizeable long-term FPSO contracts, providing earnings visibility and healthy profit margi...

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Tuesday, Jun 22, 2021
MARC has affirmed its AA-IS rating on Southern Power Generation Sdn Bhd’s (Southern Power) Sukuk Wakalah of up to RM4.0 billion with a stable outlook. Southern Power has developed a 2x720MW combined-cycle gas-fired power plant in Pasir Gudang, which achieved commercial operation date (COD) on January 1, 2021 for Block 1 and February 19, 2021 for Block 2. The rating affirmation is drive...

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Tuesday, Jun 08, 2021
MARC has affirmed its A+IS(s) rating on Projek Lintasan Sungai Besi – Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme of up to RM2.0 billion, with a stable outlook. The rating on the Sukuk Wakalah reflects the credit strength of Projek Lintasan Kota Holdings (PROLINTAS) as the provider of an unconditional and irrevocable completion guarantee to PLSUKE to cover potential cost overruns...

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Monday, May 24, 2021
MARC has affirmed its ratings on Ranhill Powertron II Sdn Bhd’s (RPII) RM90.0 million outstanding Islamic Medium-Term Notes (IMTN) at AAIS and RM350.0 million outstanding guaranteed IMTN at AAAIS(fg). The ratings outlook is stable.The AAIS rating reflects favourable terms under the Power Purchase Agreement (PPA) which allocate demand risk and fuel price risk to the offtaker, Sabah Electricity Sd...

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Thursday, May 20, 2021
MARC has upgraded the rating on Kimanis Power Sdn Bhd's (KPSB) outstanding RM650.0 million Sukuk Programmes (sukuk) to AAIS from AA-IS. The rating outlook is stable.The rating upgrade is premised on the consistently strong operational performance of KPSB’s 285-megawatt combined-cycle gas-fired power plant at Kimanis Bay in Sabah, that has enabled the plant to meet the requirements under the powe...

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Tuesday, May 18, 2021
MARC has affirmed its AA-IS  rating on Sinar Kamiri Sdn Bhd’s (Sinar Kamiri) RM245.0 million Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah. The rating outlook is stable. Sinar Kamiri is a special purpose project company that owns and operates a 49.0MWac solar power plant in Sungai Siput, Perak.The rating affirmation primarily reflects Sinar Kamiri’s satisfactory project...

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Friday, May 07, 2021
MARC wishes to inform that Sparks Energy 1 Sdn Bhd has faced delays in achieving commercial operation date (COD) of its 30MWac solar power plants in Kuala Muda, Kedah and Machang, Kelantan. The delays have been attributed to logistics issues as a result of movement restrictions in the country due to the COVID-19 pandemic, as well as to unfavourable weather conditions. The programme carries a AA-IS...

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Monday, May 03, 2021
MARC wishes to highlight that its ratings on MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme and RM150.0 million Junior Bonds have been maintained at CIS/C after the last downgrade on March 26, 2021 on heightened concerns of missing imminent profit payments. MEX II had sought an extension on the the principal and profit payment that were due on April 28, 2021 in respect of...

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Monday, Apr 05, 2021
MARC has affirmed its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes Programme (Restructured Sukuk) and revised the outlook to negative from stable.  The rating affirmation is based on SDEB’s adequate near-term liquidity and the Restructured Sukuk’s accommodative back-ended amortisation structure with a step-up profit feature that ...

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