Credit Rating

AA1 / Stable

RAM Rating Services Affirmation

RAM Rating Services Sdn Bhd has reaffirmed the AA1/stable rating of Teknologi Tenaga Perlis Consortium Sdn Bhd's (TTPC) RM835.0 Million Sukuk Murabahah (2013/2023).

What AA1 Rating Means

The AA1 rating indicates that TTPC has a high safety for timely repayment of financial commitments. This is one of the highest ratings assigned by RAM Rating Services, reflecting the company's strong financial position and operational excellence.

Rating Drivers

💪

Sturdy Business Profile

Strong market position as one of Malaysia's leading Independent Power Producers with long-term PPA.

📄

Strong PPA Terms

Favorable Power Purchase Agreement terms with Tenaga Nasional Berhad providing revenue stability.

★

Operational Excellence

Laudable operational track record with 99% reliability since commissioning in 2003.

💰

Robust Debt Servicing

Strong cash flow generation ensuring timely debt repayments and financial commitments.

Rating History

Initial
AA3
Initial rating at bond issuance
2007
AA1
Upgraded to AA1
Present
AA1/Stable
Rating reaffirmed with stable outlook