Published on 06 Jan 2021.
RAM Ratings has corrected the finance service coverage ratio (FSCR) of Bakun Hydro Power Generation Sdn Bhd (the Company) in Table 4 on page 18 of the Company’s rating rationale. The FSCR as at 31 December 2019 should be 3.72 times, as per the formula in the Trust Deed, and not 2.68 times as previously stated. This is reflected in the updated report on our website, www.ram.com.my, which supersedes the version published on 24 December 2020.
Wong Ee Loo
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