RAM Ratings maintains SMJ Energy’s stellar AAA sukuk rating
KOTA KINABALU (Sept 30): RAM Ratings has affirmed SMJ Energy Sdn Berhad’s (SMJE) AAA/Stable Rating of its Multi-Currency Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM10 billion. In its report, RAM noted that the rating is supported by SMJE’s highly strategic role in Sabah, continued strong state government support, and strong cash flow generation. [...]
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