KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has assigned a preliminary rating of AA-IS to Malakoff Power Bhd’s (MPower) proposed issuance of Sukuk Murabahah of up to RM5.4bil.
The ratings agency had on Friday affirmed its short-term rating of MARC-1IS on MPower’s outstanding RM200mil Islamic commercial papers (ICP) due in April 2014 issued under its RM300mil ICP Programme.
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