KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has affirmed its AAAIS(bg) and AAAIS(fg) ratings on Ranhill Power Sdn Bhd’s (RPSB) RM300mil bank guaranteed (Tranche 1) and RM500mil Danajamin Nasional Bhd (Danajamin) guaranteed (Tranche 2) Sukuk Musharakah.
The outlook for both ratings is maintained as stable. “The rating on Tranche 1 reflects the credit strength of an unconditional and irrevocable guarantee provided by Maybank Islamic Bhd (MIB), which carries a MARC rating of AAA/stable. Tranche 2 reflects the credit strength of an unconditional and irrevocable Kafalah guarantee provided by Danajamin.
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