R AM Ratings has assigned preliminary ratings to Pulau Indah Power Plant Sdn Bhd’s (PIPP or the Company) proposed RM2.905 bil Sukuk Wakalah Bi Al-Istithmar (2020/2038) (the Proposed Sukuk), as follows: Sukuk Wakalah Rating/Outlook RM2.655 bil Class A AA3/Stable RM250 mil Subordinated Class B AAA(fg)/Stable PIPP is [...]