Monday 29, June 2015 by Matthew Amlôt

MARC affirms its AA+IS rating on Kapar Energy Ventures SDN BHD’s MYR 2 billion Sukuk Ijarah

MARC has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) MYR 2.0 billion Sukuk Ijarah with a stable outlook. The affirmed rating incorporates a two-notch uplift from KEV’s standalone rating of AA- premised on MARC’s continued assessment of a very high probability of support from majority shareholder Tenaga Nasional Berhad (TNB).

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