MARC has assigned long-term ratings of AID (A flat, Islamic debt) and A (A flat) to Sistem Penyuraian Trafik KL Barat Sdn Bhd (SPRINT)’s 20-year RM510 million Al Bai Bithaman Ajil Islamic debt securities facility and its 16-year RM365 million Bank Guaranteed Serial Fixed Rate Bonds. SPRINT’s Revolving Underwritten Facility of up to RM125 million Convertible into a Floating Rate Term Loan has b...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM1,375 million of 3-month (discount) Notes issued on 20 July, 2001. The 3-month Notes carry an average discount rate of 2.817% 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 industr...

1. Up to RM235 million nominal amount of Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) (2000/2005) MARC-1 (bg)2. RM100 million Guaranteed Serial Fixed Rate Bonds (Bonds) (2000/2005) AA- (bg)Further to the press announcement made by Malaysian Rating Corporation Berhad (MARC) on 13 July 2001, MARC has been informed that JCD had failed to meet the ...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM260 million reopening of the existing 2-year Fixed Rate Bonds, the RM310 million 3-year Fixed Rate Bonds and the RM110 million 4-year Fixed Rate Bonds issued on 12 July 2001. The Bonds carry average yields of 3.226% p.a., 3.448% p.a. and 3.690% p.a. respectively. The Bonds are issued to fund the purchase o...

- Up to RM235 million nominal amount of Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) (2000/2005) MARC-1 (bg)- RM100 million Guaranteed Serial Fixed Rate Bonds (Bonds) (2000/2005) AA- (bg)JCD secured the above listed facilities in January 2000. JCD is scheduled to make the first repayment of RM42.6 million and RM19 million with respect to the GRUNIF and the Bonds on 18 July 2...

Malaysian Rating Corporation Berhad (MARC) has assigned a rating of AA-ID (Double A minus, Islamic Debt Security) to MTD Prime Sdn Bhd’s (MTD Prime) RM250 million Al-Bai Bithaman Ajil Facility. The rating reflects the completed status of the Highway with no construction risk; the government guaranteed minimum traffic growth and toll rates; good actual traffic performance; and the company’s p...

KFC Holdings (Malaysia) Bhd’s (KFCH) rating of A+ID (single A plus, Islamic Debt) in respect of its RM300 million Islamic Notes Issuance Facility (INIF) reflects the Group’s above-average business and operation fundamentals and strong financials backed by a proven track record. A moderating factor to the rating is the risk profile of the food-related industry characterized by strong competit...

MARC has affirmed IJM Corporation Berhad’s (IJM) corporate debt rating of A (single A flat). The affirmed rating acknowledges the favourable competitive position of the group’s core construction business, the strengthening of its business profile over the past few years as a result of initiatives undertaken by IJM to further grow and diversify its revenue sources, its broadened geographic cove...

Reliance Pacific Berhad’s (RPB) rating of A- (single A minus) in respect of its RM100 million Redeemable Secured Bonds reflects the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and a fairly tight issue structure. The rating, however, is moderated by the vulnerability of the travel/tourism business to adverse developments...

MARC has assigned a rating of A (Single A) to the Detachable Coupons of Bumiputra-Commerce Bank Berhad’s (BCB) RM667.0 million 10-year Irredeemable Convertible Unsecured Loan Stocks.The rating reflects the subordinated characteristic of the detachable coupons, which were rated below the Financial Institution rating of BCB. BCB’s Financial Institution rating of A+ (Single A plus) reflects the ...