FOR IMMEDIATE RELEASE
MARC ASSIGNS A FINAL RATING OF AA-IS TO SOUTHERN POWER’S SUKUK WAKALAH OF UP TO RM4.0 BILLION; OUTLOOK STABLE
MARC has assigned a final rating of AA-IS to Southern Power Generation Sdn Bhd’s (Southern Power) Sukuk Wakalah of up to RM4.0 billion (sukuk). The outlook on the rating is stable.
Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the sukuk have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-IS/Stable was based.
Full details on the assigned rating have been provided in Southern Power’s preliminary rating announcement on September 21, 2017. The Credit Analysis Report is available on MARC’s website at www.marconline.com.my.
October 26, 2017
[This announcement is available in the MARC corporate homepage at http://www.marc.com.my]
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This communication is provided by Malaysian Rating Corporation Berhad (MARC) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of its opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.
© 2017 Malaysian Rating Corporation Berhad (364803-V)
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