Malaysian Rating Corp Bhd (MARC) rated solar power company Leader Energy Sdn Bhd's green sukuk wakalah of up to RM260mil at AA-IS.
PETALING JAYA: Malaysian Rating Corp Bhd (MARC) sees strong projected cash-flow coverage for solar power company Leader Energy Sdn Bhd and has rated its green sukuk wakalah of up to RM260mil at AA-IS.
MARC said in a statement that the preliminary rating was for the proposed Asean green sustainable and responsible investment (SRI) sukuk. The rating outlook is stable.
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