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MARC has assigned final ratings of MARC-1IS and AAAIS to Gas Malaysia Berhad’s (Gas Malaysia) Islamic Commercial Paper (ICP) programme and Islamic Medium-Term Notes (IMTN) programme with a combined limit of up to RM700 million respectively. The outlook on the ratings is stable.
Upon review of the legal documentation of the issuance, MARC is satisfied that the terms and conditions of the pr...
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MARC has assigned preliminary ratings of MARC-1IS and AAAIS to Gas Malaysia Berhad’s (Gas Malaysia) Islamic Commercial Paper (ICP) programme and Islamic Medium-Term Notes (IMTN) programme with a combined limit of up to RM700 million respectively. The outlook on the ratings is stable.
The ratings reflect Gas Malaysia’s very strong domestic competitive position in natural gas distribution,...
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MARC has withdrawn its AAAID rating on Gas Malaysia Berhad’s RM500 million Al-Murabahah Medium-Term Notes Programme (MTN Programme). The rating withdrawal follows the full redemption and cancellation of the MTN Programme on April 29 and May 18, 2016 respectively, as confirmed by the facility agent.
Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on t...
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MARC has affirmed the AAAID rating on Gas Malaysia Berhad’s (Gas Malaysia) RM500 million Al-Murabahah Medium-Term Notes (MTN) programme with a stable outlook. The rating reflects Gas Malaysia’s strong domestic competitive position in natural gas distribution, derived from its status as the only company licensed to supply and sell reticulated natural gas of below 5 mmscfd under long-term contr...
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MARC has affirmed the AAAID rating on Gas Malaysia Berhad’s (Gas Malaysia) RM500 million Al-Murabahah Medium-Term Notes (MTN) programme with a stable outlook. The rating incorporates Gas Malaysia’s strong competitive position in natural gas distribution in Peninsular Malaysia, which is supported largely by reliable supply of natural gas from national oil and gas company Petroliam Nasio...
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MARC has affirmed its AAAID rating on Gas Malaysia Berhad’s (Gas Malaysia) RM500 million Al-Murabahah Medium Term Notes (MTN) programme with a stable outlook. The affirmed rating reflects the natural gas utility’s fairly diverse industrial, residential and commercial customer base, adequate natural gas supply from national oil and gas company Petroliam Nasional Berhad (PETRONAS), and v...
This article has been viewed 1402 times.