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Sunday, February 25, 2024

Launch Partners

Solarpack Suria Sungai Petani receives final rating of ‘AA2/Stable’ on upcoming green Sukuk issuance

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’.

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