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MARC RATINGS AFFIRMS AAAIS(BG) RATING ON MASTEEL'S RM130.0 MILLION GUARANTEED SUKUK IJARAH PROGRAMME
MARC Ratings has affirmed its AAAIS(bg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Bank Pembangunan Malaysia Berhad–guaranteed Sukuk Ijarah Programme with a stable outlook. On a standalone basis, Masteel’s credit profile incorporates its longstanding track record in the domestic production of steel billets and steel bars, its moderate domestic market posit...
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MARC RATINGS AFFIRMS AAAIS(FG) RATING ON MASTEEL'S RM130.0 MILLION GUARANTEED SUKUK IJARAH PROGRAMME
MARC Ratings has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Danajamin Nasional Berhad-guaranteed Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook are based on MARC Ratings’ assessment of credit strength of Danajamin (AAA/Stable) which has provided an unconditional and irrevocable financial guarantee insuran...
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MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd's (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook.The affirmed rating and outlook are based on the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided an unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...
This article has been viewed 490 times.
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook reflect the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...
This article has been viewed 589 times.
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0
million Sukuk Ijarah Programme with a stable
outlook. The affirmed rating and outlook are based on the unconditional and
irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad
(Danajamin) on which MARC has issued an insurer financial strength rating of
AAA/stable and long-ter...
This article has been viewed 847 times.
MARC has assigned a final rating of AAAIS(fg) to Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme. The outlook on the rating is stable.
Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Sukuk have not changed in any material way from the draft documentation on which the earlier preliminary rating o...
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MARC has assigned a preliminary rating of AAAIS(fg) to Malaysia Steel Works (KL) Bhd’s (Masteel) proposed RM130.0 million Sukuk Ijarah Programme with a stable outlook. The assigned rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC has an insurer financial strength rating of AAA/stable a...
This article has been viewed 994 times.