MARC has assigned long-term and short-term programme ratings of AA-IS and MARC-1IS respectively to Malakoff Power’s (MPower) MYR 5.6 billion Murabahah Securities Facility and MYR 300 million Islamic Commercial Paper (ICP) Programme (collectively referred as Sukuk Murabahah Facility); the outlook on the ratings is stable.
MPower is a wholly-owned subsidiary of Malakoff Corporation Berhad (Malakoff), an investment holding company that has, via its subsidiaries and associates, effective power generating capacity of 5,020 megawatt (MW) in the country……………………………………….Full Article: Source