MARC is issuing this update on its AA-/MARC-1 rating on IJM Corporation Berhad’s (IJM) RM300 million Commercial Paper/Medium Term Notes Programme in view of the Group’s proposed capital repayment exercise. MARC has retained its AA- long term and MARC-1 short term ratings after taking into consideration that the impact of the capital repayment on the Group’s profile will only be m...

The long-term rating of IJM Corporation Berhad’s (IJM) RM300.0 million Commercial Papers/Medium-Term Notes Programme (CP/MTN) has been upgraded to AA- from A+ while its short term rating has been reaffirmed at MARC-1. The rating upgrade reflects the group’s strong operating financial performance, its enhanced financial profile following its merger with Road Builder (M) Holdings Bhd (RB...

MARC has lifted its MARCWatch Developing placement and reaffirmed IJM Corporation Berhad’s (“IJM”) RM300 million Commercial Papers/Medium-Term Notes (“CP/MTN”) Programme ratings at A+/MARC-1 with a stable outlook. The ratings reaffirmation is a reflection of the strong fundamentals inherent in the group (despite the challenges from a weak domestic construction sector ...

MARC has extended IJM Corporation Berhad’s (“IJM”) RM300 million Commercial Papers/ Medium-Term Notes Programme (“CP/MTN”) MARCWatch Developing placed on 20 October 2006 in view of IJM’s announcement on 2 February 2007 that the closing date for the conditional take-over offer of Road Builder Holdings Bhd has been extended to 11 March 2007.  MARC is in the m...

MARC has placed IJM Corporation Berhad’s (“IJM”) RM300 million Commercial Papers/ Medium-Term Notes Programme (“CP/MTN”) on MARCWatch with a developing outlook following an announcement that it will acquire stakes in Road Builder Holdings Bhd.In January 2006, the CP/MTN ratings were affirmed at MARC-1ID and A+ID respectively. MARC will closely monitor developments and...

IJM Corporation Berhad’s (IJM) RM300 million of Commercial Papers/ Medium-Term Notes Programme (CP/MTN) has been affirmed at MARC-1/ A+. This reflects IJM’s consistently strong financial results; the ability to sustain its competitive position domestically and internationally and the diversity of its business. The ratings are, nevertheless, moderated by the challenging operating environment pr...

MARC has received confirmation from IJM Corporation Berhad that its RM150.0 million nominal value Redeemable Unsecured Bonds (2000/2005) was fully redeemed on 28 February 2005 and has cancelled and terminated all agreements related to the facility. As such, MARC no longer has any rating obligation on the facility and the A+ID rating is hereby withdrawn....

The rating reflects IJM Corporations Berhad’s (IJM) consistently strong financial results, the ability to sustain its competitive position domestically and internationally and the diversity of its business. Moderating factors include the increasing competitiveness in the domestic construction environment compounded by the difficult building materials industry, and the inherent risks in each busi...

The rating reflects IJM Corporations Berhad’s (IJM) consistently strong financial results, the ability to sustain its competitive position domestically and internationally and the diversity of its business. Moderating factors include the increasing competitiveness in the domestic construction environment compounded by the difficult building materials industry, and the inherent rises in each busi...

IJM Corporation Berhad’s (IJM) corporate debt rating has been reaffirmed at A (single A) reflecting its relatively strong financial profile, the diversity of its business, and competitive position domestically and internationally. The difficult domestic construction environment and the risks associated with international ventures continue to be the moderating factors to its credit quality rating...