[RAM] RAM Ratings withdraws rating of Sepangar's Sukuk Murabahah

RAM Ratings has, at the issuer’s request, withdrawn the rating assigned to Sepangar Bay Power Corporation Sdn Bhd’s RM575 mil Nominal Value Sukuk Murabahah. As such, we no longer have any rating obligation in respect of the AA1-rated facility. The Negative Rating Watch placed on the facility was last extended on 18 April 2025.


Analytical contacts
Chew Chiang Lim
(603) 2708 8297
chianglim@ram.com.my

Chong Van Nee, CFA
(603) 2708 8210
vannee@ram.com.my

Media contact
Sakinah Arifin
(603) 2708 8212
sakinah@ram.com.my