Press Releases - Category: Infrastructure & Utilities
Displaying 41-50 of 854 results.
Friday, Jul 14, 2023
MARC Ratings has affirmed its AA-IS rating on Leader Energy Sdn Bhd’s outstanding ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of RM245.0 million with a stable outlook. Leader Energy is the investment holding company of two solar power project companies Leader Solar Energy Sdn Bhd (LSE I) and Leader Solar Energy II Sdn Bhd (LSE II), which operate two solar faciliti...

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Friday, Jul 07, 2023
MARC Ratings has affirmed its AA-IS/Stable rating on Lebuhraya DUKE Fasa 3 Sdn Bhd's (DUKE 3) RM3.64 billion Sukuk Wakalah. DUKE 3 is the concessionaire for the 32-km Setiawangsa-Pantai Expressway (SPE) under a concession that runs through August 5, 2069. The rating continues to incorporate the adequately structured sukuk repayment profile that accommodates traffic ramp-up on SPE. The sukuk i...

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Tuesday, Jun 27, 2023
MARC Ratings has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook. There is no outstanding amount under the programme to date. The rating affirmation continues to incorporate MHB’s conservative balance sheet, solid liquidity and strong competitive position as the largest domestic offsho...

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Friday, Jun 23, 2023
MARC Ratings 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. Concurrently, the rating agency has affirmed its rating of AAAIS(bg)/Stable on PLSUKE’s guaranteed facilities of up to RM500.0 million which were previously guaranteed by Danajamin Nasional Berhad. The guaranteed faci...

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Tuesday, Jun 20, 2023
MARC Ratings has affirmed its AAAIS  rating on TNB Northern Energy Berhad’s outstanding sukuk of RM1.22 billion with a stable outlook. TNB Northern is the funding vehicle for TNB Prai Sdn Bhd (TNB Prai), which operates a 1,071.43MW combined-cycle gas turbine power plant (comprising two power generation units — Unit 10 and Unit 20 — with an installed capacity of 535.715MW each) in S...

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Thursday, Jun 15, 2023
MARC Ratings has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) outstanding sukuk of RM3.7 billion with a stable outlook. The sukuk had been issued to fund the construction of the 1,000MW coal power plant in Manjung, Perak, for its parent TNB Manjung Five Sdn Bhd (TNB Manjung Five). The plant attained commercial operations date on September 28, 2017. The affirmed rat...

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Wednesday, May 31, 2023
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 reflects the credit strength 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 Kuala Terengganu Utara (KTU) water suppl...

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Tuesday, May 30, 2023
MARC Ratings has affirmed Tenaga Nasional Berhad’s (TNB) corporate credit rating at AAA with a stable outlook. The affirmed rating remains driven by TNB’s status as the principal electricity utility in Malaysia with a monopoly on electricity transmission in Peninsular Malaysia and Sabah, as well as its significant electricity distribution and generation capacity. This is tempered by the p...

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Thursday, May 25, 2023
MARC Ratings has placed its AAIS rating on toll road concessionaire ANIH Berhad’s RM2.5 billion Senior Sukuk Musharakah programme on MARCWatch Negative. The rating action has been precipitated by issues that were raised during the sukukholders’ meeting held on May 9, 2023, in the wake of the new supplemental concession agreement (SCA) ANIH had entered with the government for its Kuala Lum...

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Friday, Apr 28, 2023
MARC Ratings is providing this update on ANIH Berhad in connection with the concessionaire’s new supplemental concession agreement (SCA) with the government. The SCA follows ANIH’s existing concession agreement on Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) expiring in 2032. ANIH currently has an outstanding RM1.48 billion sukuk under the existing RM2.5 bi...

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