MALAYSIA: MARC has affirmed its ‘AA-IS’ rating on Leader Energy’s outstanding ASEAN Green Sustainable and Responsible Investment Sukuk Wakalah of RM245 million (US$54.96 million) with a stable outlook, a statement confirmed.
The rating affirmation reflects the strength of the 21-year power purchase agreement between Leader Energy’s two solar power project companies, Leader Solar Energy and Leader Solar Energy II, and the offtaker Tenaga Nasional.