Credit Analysis Reports
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Popularity: 653 views 173 downloads
Rating action     MARC Ratings has maintained its ratings on Alpha Circle Sdn Bhd’s outstanding RM80 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah at BIS and CIS. The senior sukuk’s rating outlook has been maintained at negative. Rationale     The rating actions reflect Alpha Circle’s weak financial position to be able to fully me...


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Popularity: 692 views 104 downloads
Rating action     MARC has lowered its ratings on Alpha Circle Sdn Bhd’s RM540 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah to BBIS and BIS. Concurrently, MARC has removed the rating from MARCWatch Negative but maintained the outlook at negative. The current outstanding of senior sukuk is RM140 million and junior sukuk is RM55 million. Rationale&nb...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1049 views 175 downloads
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s RM540 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah at AA-IS and AIS. The ratings outlook has been revised to negative from stable. The current outstanding of senior sukuk is RM160 million and junior sukuk is RM55 million.Alpha Circle is the funding vehicle of NERS Sdn Bhd, the contractor for the 12-year governmen...


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Popularity: 1541 views 80 downloads
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s RM540 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah at AA-IS and AIS. The ratings outlook has been revised to stable from negative.The outlook revision incorporates the improvement in the volume of foreign worker permits issued since conclusion of the government-initiated rehiring programme in June 2018. During th...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1802 views 87 downloads
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s RM540 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah at AA-IS and AIS. The ratings outlook remains negative. The affirmed ratings primarily consider the improvement in the volume of work permits issued for foreign workers with the uptrend reflecting moderate success of the government programme to rehire/l...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1614 views 92 downloads
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) at AA-IS and AIS respectively. The two-notch rating differential reflects the subordination of the Junior Sukuk to the Senior Sukuk in terms of payment and security. The rating outlook has been revised from stable to ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1572 views 21 downloads
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) at AA-IS and AIS respectively with a stable outlook. The two-notch rating differential reflects the subordination of the Junior Sukuk to the Senior Sukuk in terms of payment and security. As at end-November 2016, the ...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1577 views 17 downloads
MARC has affirmed the ratings of AA-IS and AIS on Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) with a stable outlook. The two-notch rating differential between the Senior Sukuk and the Junior Sukuk reflects the latter’s subordinated ranking in priority of payment and security. The affirm...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 1824 views 84 downloads
MARC has affirmed the ratings of AA-IS and AIS on funding vehicle Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) respectively under a Sukuk Musharakah programme. The ratings carry a stable outlook. The two-notch rating differential between the Senior Sukuk and the Junior Sukuk reflects the la...


Normal Price: RM500.00       Subscriber Price: Free Download
Popularity: 2108 views 145 downloads
MARC has assigned ratings of AA-IS and AIS on special purpose company Alpha Circle Sdn Bhd’s (Alpha Circle) proposed RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) respectively under the Sukuk Musharakah programme. The ratings carry a stable outlook. The two-notch rating differential between the Senior Sukuk and the Junior Sukuk r...


Normal Price: RM500.00       Subscriber Price: Free Download