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MARC has affirmed its financial institution rating of AA- (Double A Minus) and short-term rating of MARC-1 for Public Finance Berhad. The ratings take into account the company’s favourable competitive position, better than peer group loan loss experience, satisfactory reserve coverage, good capitalization, improved profitability and its 56.76% ownership by Public Bank Berhad. Since commencing ...
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Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM60 million 3-year Fixed Rate Bonds, issued on 4 November, 1999. The 3-year Bonds carry an average discount rate of 5.050% p.a. The Bonds are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial property loans and ...
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Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Kertih Terminals Sdn Bhd’s (KTSB) RM500.0 million Revolving Underwriting Facility (RUF). The rating reflects the strength, experience and financial backing of the project sponsors, namely PETRONAS, GATX Terminals and the Dialog Group; the advanced stage of construction of Phase I; reduced construction risk;...
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MARC has assigned a rating of MARC-1ID / AAAID to Midciti Resources Sdn Bhd’s 7-year, RM1,000 million Bai Al-Dayn commercial paper/ medium term notes financing programme; AAAID to its 8 to 12–year, RM1,605 million Bai Al-Dayn serial bonds; and AAA(s) to its 13-year, RM1,315 million conventional bonds.The ratings are supported by the credit strength of PETRONAS, the principal tenant of the PET...
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Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM1,750 million 3-month (discount) Notes issued on 20 October, 1999. The 3-month Notes carry an average discount rate of 2.823% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industri...
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MARC has assigned a rating of AAAIS(fg) to 1 Warisan Sdn Bhd’s (1 Warisan) RM170.0 million 7-year Islamic Medium Term Notes (IMTN) Programme. The rating carries a stable outlook. The assigned rating and outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the IMTN Programme. MARC currently rates Danajam...
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MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032.The rating reflects the company’s strong operating cash flow generation, underpinned by the two highways’ steady traffic and revenue profile. The ratin...
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MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings of AAA/MARC-1/stable and concurrently the sukuk issuance ratings as follows:RM10.0 billion senior Sukuk Wakalah programme (Sukuk Wakalah) at AAAIS/StableRM5.0 billion Tier 2 Junior Sukuk programme at AA+IS/StableCIMB Islamic’s FI ratings are equalised to its parent CIMB Bank Berhad’s FI ratings of ...
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MARC has affirmed its public information foreign currency sovereign rating of AAA/stable on the Republic of Singapore (Singapore), based on its national rating scale. The AAA rating reflects a number of strengths, including a dynamic and competitive economy. Singapore’s success as a global business and financial hub has been and continues to be underpinned by sound macroeconomic management...
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