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Thursday, July 18, 2024

Launch Partners

RAM reaffirms ‘AA3’ rating with stable outlook on Tadau Energy’s RM250 million (US$52.74 million) SRI Sukuk program

MALAYSIA: RAM has reaffirmed the ‘AA3’ rating on Tadau Energy’s RM250 million (US$52.74 million) SRI Sukuk program (2017/2033) with a stable outlook, according to a press release.

RAM said the rating reflects the sound operational performance of Tadau’s two solar photovoltaic plants in Kudat, Sabah, with a combined capacity of 50 MWac comprising Unit 1 (2 MWac) and Unit 2 (48 MWac).

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