Dialog Group Berhad’s (DGB) ‘AA-‘ corporate credit rating is affirmed. DGB continues to maintain a strong financial profile, supported by a well-above-average business position in the highly specialised oil, gas and petrochemical industry. Increasing diversification of the company’s revenue base, DGB’s ability to take advantage of the generally favourable outlook for gas infrastructure ...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM600 million reopening of the existing 2-year Fixed Rate Bonds, RM375 million reopening of the existing 3-year Fixed Rate Bonds, RM400 million reopening of the existing 4-year Fixed Rate Bonds and 250 million reopening of the existing 5-year Fixed Rate Bonds issued on 6 October 2000. (Earlier tranches of the...

WCT Engineering Bhd’s corporate debt rating of A– (s) [single A minus with support] reflects the group’s favourable and competitive position in the civil engineering and building segment of the construction industry, good track record and experienced management team. The issue is enhanced with the assignment of a sinking fund account which captures 10% of gross proceeds from identified cont...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of A-ID (single A minus Islamic debt) and a short term rating of MARC-3ID to Europlus Corporation Sdn Bhd’s (ECSB) RM250 million Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) and RM350 million Murabahah Underwritten Notes Issuance Facility (MUNIF) respectively. The ratings reflect the strength of the issue structu...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed the long-term and short-term issuer ratings of Cagamas Berhad at AAA (Triple A) and MARC-1 respectively.Cagamas Berhad’s (Cagamas) ratings reflect its exceptionally strong ability to meet existing financial commitments and distinctly superior quality of its portfolio of mortgages, hire purchase and leasing debts (HP&L) and Islamic house f...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM640 million of 3-month (discount) Notes issued on 15 September, 2000. The 3-month Notes carry an average discount rate of 3.166% 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 indu...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of A (single A flat) to Talam Corporation Berhad’s (Talam) RM150 million principal amount of 7-year 5.0% secured serial bonds with 107.6 million detachable warrants. The rating reflects the strength of the issue structure that is secured by a property development project, the Saujana Puchong Project, which will form the...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AID (Single A, Islamic Debt) in respect of ARL Tenaga Sdn Bhd’s RM177.0 million Al-Bai Bithaman Ajil Islamic Debt Securities Issue (BaIDS) (2000/2010).ARL Tenaga Sdn Bhd’s (ARLT) rating is underpinned by a stable and predictable cash flow which is expected to cover the company’s debt servicing requirements comfort...

Malaysian Rating Corporation Berhad (MARC) has upgraded the long-term rating of Hong Leong Credit Berhad’s RM500 million redeemable unsecured bonds to BBB+ (triple B plus) from BBB-(triple B minus) previously. The rating upgrade reflects the overall improvement in the economic fundamentals surrounding its major operating divisions which in turn translated into healthier financial results for th...

MARC has affirmed Utusan Melayu (Malaysia) Berhad’s corporate debt rating at MARC-3, reflecting the latter’s continued leading position, particularly in the Malay language daily and its improved financial performance. The rating is however moderated by the sensitivity of Utusan’s financial profile to changes in newsprint price, circulation figures and advertising revenue. The publishing & d...