In a statement, RAM Rating Services said the rating reflected Sarawak Energy Bhd’s strong support for Mukah Power, which it owns via its 100%-held subsidiary SEB Power Sdn Bhd.
KUALA LUMPUR: RAM Rating Services Bhd has reaffirmed the enhanced AA 1 (s)/stable rating of power producer Mukah Power Generation Sdn Bhd’s RM665mil Senior Sukuk Mudharabah Programme (2006/2021).
In a statement, the ratings agency said the rating reflected Sarawak Energy Bhd’s strong support for Mukah Power, which it owns via its 100%-held subsidiary SEB Power Sdn Bhd.
RAM Ratings said Sarawak Energy’s support for Mukah Power has been clearly observable through the years. — Bernama
