Monday 30, December 2013 by Matthew Amlôt

RAM Ratings reaffirms AA1 rating of TTPC's Sukuk

RAM Ratings has reaffirmed the AA1/stable rating of Teknologi Tenaga Perlis Consortium Sdn Bhd’s (TTPC) MYR 835 million Sukuk Murabahah (2013/2023). The rating reflects the Company’s sturdy business profile, underscored by the strong terms of its Power Purchase Agreement (PPA) with Tenaga Nasional Berhad (TNB), its plant’s laudable operational track record, as well as the Company’s robust debt-servicing ability.

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