KUALA LUMPUR: The Malaysian Rating Corporation (MARC) has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's RM1.160bil Sukuk programme with a stable outlook.
In the statement issued, MARC said the rating reflected the anticipated base-load position of Kimanis’s 285-megawatt (MW) combined-cycle gas turbine power plant project in Kimanis Bay, on Sabah's electricity dispatch curve.
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