KUALA LUMPUR: RAM Ratings expects Edra Solar Sdn Bhd’s debt service capacity to be strong over the remaining tenure of its RM245mil Asean Sustainability SRI Sukuk.
It said on Monday it reaffirmed the company’s AA2/Stable rating, with minimum and average annual finance service coverage ratios (FSCRs) (with cash balances) of 1.68 times and 7.25 times (base case: 1.70 times and 7.38 times).
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