RAM Ratings has reaffirmed the A1 long-term rating of Special Power Vehicle Berhad’s MYR 800 million Class A Islamic Medium-Term Notes Facility; the outlook on the long-term rating has been revised from stable to negative.
SPV is a special-purpose vehicle set up as a funding conduit to raise part of the funds required for the development of Jimah Energy Ventures Sdn Bhd’s JEV) coal-fired power plant (the Project or the Plant) - comprising 2 power-generating units, each with a capacity of 700 MW - in Port Dickson, Negeri Sembilan………………………………………..Full Article: Source