Launch Partners

Wednesday, November 29, 2023

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.

Related Articles


Please enter your comment!
Please enter your name here