Press Releases - Category: Infrastructure & Utilities
Displaying 1-10 of 22 results.
Wednesday, Dec 07, 2022
MARC Ratings has withdrawn its rating of AAAIS/Stable on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) following the full settlement of the final tranche of the BaIDS (Tranche 6 of RM50.0 million) on December 2, 2022.  Accordingly, MARC Ratings will no longer provide analytical coverage on GDC Putrajaya.&nb...

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Tuesday, Nov 08, 2022
MARC Ratings has affirmed its AAAIS rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook.Wholly owned by Putrajaya Holdings Berhad (PJH, AAA/Stable), GDC Putrajaya is the sole supplier of chilled water in Putrajaya under long-term agreements with strong counterparties. The rating reflect...

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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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Wednesday, Oct 21, 2020
MARC has affirmed its AAAIS rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The current outstanding of RM50.0 million BaIDS is payable in December 2022.The rating incorporates a three-notch uplift for parental support from Putrajaya Holdings Berhad (PJH), which carries a AAA/stable...

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Wednesday, Sep 25, 2019
MARC has affirmed its AAAIS rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The current outstanding is RM50.0 million BaIDS payable in December 2022. GDC Putrajaya is a wholly-owned subsidiary of Putrajaya Holdings Berhad (PJH) and is the sole supplier of chilled water for al...

This article has been viewed 679 times.
Wednesday, Oct 31, 2018
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 rating affirmation factors in a three-notch rating uplift for parental support from Putrajaya Holdings Berhad (PJH) on which MARC maintains a long-term credit rating of AAA/stable. The support asses...

This article has been viewed 877 times.
Thursday, Nov 23, 2017
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 rating affirmation factors in a three-notch rating uplift for parental support from Putrajaya Holdings Berhad (PJH) on which MARC maintains a long-term credit rating of AAA/stable. The support asses...

This article has been viewed 855 times.
Wednesday, Nov 30, 2016
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 affirmed rating reflects a three-notch uplift from GDC Putrajaya’s standalone credit profile, which is assessed at AA-. The rating uplift is premised on MARC’s assessment on the strength o...

This article has been viewed 866 times.
Thursday, Jan 21, 2016
MARC has affirmed its AAAID 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 affirmed rating reflects GDC Putrajaya’s position as the sole supplier of chilled water in Putrajaya under long-term offtake agreements that provide demand charges regardless of offtake volumes. The ma...

This article has been viewed 989 times.
Monday, Dec 08, 2014
MARC has affirmed its AAAID 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 affirmed rating incorporates the continued support extended by parent Putrajaya Holdings Sdn Bhd (PJH) and ultimate holding company Petroliam Nasional Berhad (PETRONAS) to GDC Putrajaya to meet i...

This article has been viewed 1207 times.