• PRESS RELEASES

Sarawak Power Generation fully redeems sukuk

Published on 31 Dec 2021.

Share Tweet Email

RAM Ratings has received confirmation that Sarawak Power Generation Sdn Bhd fully redeemed its RM215 mil Serial Sukuk Musharakah (2006/2021) on the last repayment date of 24 December 2021. Accordingly, we have withdrawn the AA1(s)/Stable rating of the sukuk and no longer have any rating obligation in respect of it.

 

Analytical contacts
Lee Yee Von
(603) 3385 2503
yeevon@ram.com.my

Chong Van Nee, CFA
(603) 3385 2482
vannee@ram.com.my

 

The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security’s market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations.

RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings’ credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.

Similarly, the disclaimers above also apply to RAM Ratings’ credit-related analyses and commentaries, where relevant.

Published by RAM Rating Services Berhad
© Copyright 2021 by RAM Rating Services Berhad



Ratings on Sarawak Power Generation Sdn Bhd

Loading...