Correction on reNIKOLA Solar II media release

Published on 29 Sep 2023.

Share Tweet Email

In the media release published on 27 September 2023, the shareholding of reNIKOLA Solar II Sdn Bhd’s parent, reNIKOLA Holdings Sdn Bhd, should have read “55% owned by reNIKOLA Sdn Bhd and 45% owned by B. Grimm Power (Malaysia) Sdn Bhd (a subsidiary of B. Grimm Power Public Co. Ltd.)”. The changes have been reflected on RAM’s website (see here).

 

Analytical contacts
Lee Jo Yee
(603) 3385 2583
joyee@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, in as much 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 2023 by RAM Rating Services Berhad