Launch Partners

Monday, April 15, 2024

Launch Partners

ReNIKOLA Solar’s Sukuk rating reaffirmed

MALAYSIA: RAM has reaffirmed its ‘AA3/Stable’ rating on reNIKOLA Solar’s RM390 million (US$88.56 million) ASEAN Green SRI Sukuk, a statement confirmed. The reaffirmed rating is attributed to the robust energy output of the three solar photovoltaic plants underlying the transaction and the resulting strong consolidated cash flow generation.

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