Press Releases
Displaying 3511-3520 of 3666 results.
Wednesday, Jun 26, 2002
Bumi Armada Navigation Sdn Bhd (BAN)’s ratings have been upgraded to MARC-1ID / AA-ID (double A minus Islamic Debt) from MARC-1ID / AID in respect of the company’s RM80 million Murabahah Notes Issuance Facility / Islamic Medium-Term Notes. The ratings reflect the company’s competitive position in the area of providing marine transportation, tanker operations and support services for the ...

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Wednesday, Jun 26, 2002
Malaysian Rating Corporation Berhad (MARC) has assigned short and long term ratings of MARC-2 and A- (single A minus) respectively to Hong Leong Credit Berhad’s (HLC) CP/MTN Programme, reflecting the strong fundamental strength of HLC’s banking and insurance subsidiaries and the expected improvement in HLC’s pro-forma double leverage and debt position. The rating is however moderated by the ...

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Tuesday, Jun 25, 2002
The rating affirmation of Maxisegar Sdn Bhd‘s (Maxisegar) RM300 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) at A-ID is supported by the strength of the underlying issue structure, in which, secured sales from specific property development projects have been earmarked for the redemption of the BaIDS issue. Positive features of the issue structure include security coverage of 1.28...

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Thursday, Jun 13, 2002
Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) reaffirmed ratings reflect the captive offtake demand for its chilled water and electricity; strong shareholder support; low operation risk and improved financial performance. The ratings are, however, moderated by the credit quality of its offtakers and its high, though declining debt leverage. GDC KLIA operates and maintains the District Cooli...

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Friday, May 24, 2002
Malaysian Rating Corporation Berhad (MARC) has assigned a rating of AID (single A flat, Islamic Debt) to Sunrise Berhad’s (Sunrise) RM100.0 million Bai’ Bithaman Ajil Notes Issuance Facility and AID / MARC-2ID ratings to the RM70.0 million Islamic Medium Term Notes and Murabahah Notes Issuance Facility respectively. The rating reflects the commendable position of Sunrise as a reputable and aw...

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Friday, May 17, 2002
Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM450 million 1-month and RM400 million 1-year (discount) Notes issued on 16 May, 2002. The 1-month and 1-year Notes carry an average discount rate of 2.712% p.a. and 2.819% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporat...

This article has been viewed 1273 times.
Friday, May 17, 2002
Malaysian Rating Corporation Berhad (MARC) has reaffirmed Setia Putrajaya Sdn Bhd’s (Setia Putrajaya) rating of MARC-2ID for its RM170 million Murabahah Notes Issuance Facility.The rating reaffirmation reflects Setia Putrajaya Sdn Bhd’s (Setia Putrajaya) manageable construction risk given its ability to complete its construction works in a timely manner; the en-bloc sale of the bulk of residen...

This article has been viewed 1246 times.
Wednesday, May 15, 2002
Malaysian Rating Corporation Berhad (MARC) today announced that it has posted a 51% increase in pre-tax profit to RM3,047,140 for the financial year ended 31 December 2001, on the back of a 31% increase in turnover to RM6,815,425. The Chairman, Encik Mohammad Abdullah attributed the strong performance to increased activity in the bond market, which in turn was driven by improving economic fundame...

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Monday, May 13, 2002
MARC has reaffirmed the insurance financial strength rating of Lonpac Insurance Berhad (Lonpac) at AA- (double A minus) based on the insurer’s well spread book, its strategic links with the Public Bank group, a conservative investment portfolio, strong liquidity and sound capitalization. These strengths are moderated by the unfavourable motor loss ratios in the past two years.Lonpac is a medium...

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Monday, May 13, 2002
The short and long term Islamic debt rating of A+ID and MARC-2ID assigned to TSH Resources Bhd’s Murabahah Commercial Paper/Medium-Term Notes Issuance respectively reflect the business diversity of the TSH group namely oil palm plantation, palm oil milling, engineered hardwood floor manufacturing and bio-mass energy production; the limited competition within the palm oil milling industry; sustai...

This article has been viewed 1196 times.