MALAYSIA: RAM has assigned a final rating of ‘AA2/Stable’ to independent power producer Solarpack Suria Sungai Petani’s upcoming ASEAN Green SRI Sukuk Wakalah worth up to RM305 million (US$68.97 million), a statement read. The rating considers a one-off issuance of RM285 million (US$64.44 million), the agency said.
RAM had, in February 2023, assigned the Sukuk issuance a preliminary rating of ‘AA2/Stable’.