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MARC Ratings has affirmed its AA-IS rating on Sinar Kamiri Sdn Bhd’s outstanding RM185.0 million Green Sustainable and Responsible Investment Sukuk Wakalah. The rating outlook is stable.The rating affirmation reflects Sinar Kamiri’s stable operational performance, steady cash flow generation and adequate finance service coverage ratio (FSCR) profile. The rating is underpinned by a 21-year fixe...
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MARC Ratings has affirmed its AA-IS rating on Sinar Kamiri Sdn Bhd’s outstanding RM200.0 million Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah. The outlook on the rating is stable. The performance of Sinar Kamiri’s 49MWac solar power plant remained within expectations in 2022. Electricity generation was marginally lower than P90 projections by 1.7%, mainly due to lower ...
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MARC Ratings has affirmed its AA-IS rating on Sinar Kamiri Sdn Bhd’s RM245 million Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah with a stable outlook. Sinar Kamiri is a special purpose project company that owns and operates a 49MWac solar power plant in Sungai Siput, Perak.The rating is primarily driven by Sinar Kamiri’s 21-year power purchase agreement (PPA) with Tenaga Na...
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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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MARC has affirmed its AA-IS rating on Sinar Kamiri Sdn Bhd’s Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of up to RM245.0 million. The rating outlook is stable.
Sinar Kamiri is a special purpose project company incorporated to build, own and operate a 49.0MWac solar photovoltaic plant (SPP) in Sungai Siput, Perak. The rating primarily reflects Sinar Kamiri’s healthy ...
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MARC has affirmed its AA-IS rating on Sinar Kamiri Sdn Bhd’s Green SRI Sukuk Wakalah of up to RM245.0 million. The outlook on the rating is stable.
Sinar Kamiri is undertaking the development of a greenfield solar power generation facility with a capacity of 49.0MWac in Sungai Siput, Perak. The rating primarily reflects Sinar Kamiri’s healthy project fundamentals that are underpinned by ...
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MARC has assigned a final rating of AA-IS to Sinar Kamiri Sdn Bhd’s (SKSB) Green SRI Sukuk Wakalah of up to RM245.0 million. The outlook on the rating is stable.
Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Green SRI Sukuk Wakalah have not changed in any material way from the draft documentation on which the earlier prelimin...
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