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Wednesday August 8, 2012
MARC ratifies Kimanis Power’s sukuk ratings
PETALING JAYA: Malaysian Rating Corp Bhd (MARC) has assigned a final rating of AA-IS to Kimanis Power Sdn Bhd’s RM1.16bil sukuk programme, with a stable outlook, after receiving the final documentation for its forthcoming issuance.
“The terms and conditions of the sukuk programme have not changed in any material way from the draft documents on which the earlier preliminary rating of AA-IS was based,” the rating agency said in a statement.
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