Press Releases
Displaying 1-10 of 13 results.
Friday, Feb 23, 2024
MARC Ratings has removed UMW Holdings Berhad’s (UMW) sukuk programme ratings from MARCWatch Developing, where they have been placed since August 25, 2023. The rating action then was taken to assess the potential impact from the significant change in UMW’s shareholding structure following the sale of Permodalan Nasional Berhad’s (PNB) 61.18% equity stake to Sime Darby Enterprise Sdn Bhd (SDES...

This article has been viewed 218 times.
Friday, Nov 24, 2023
MARC Ratings has extended its MARCWatch Developing on UMW Holdings Berhad’s (UMW) sukuk programmes, where the ratings have been placed since August 25, 2023. The rating action was based on the then proposed changes to UMW’s shareholding structure. This relates to the proposed sale of Permodalan Nasional Berhad’s (PNB) 61.18% equity stake in UMW to Sime Darby Enterprise Sdn Bhd (SDESB), a who...

This article has been viewed 210 times.
Friday, Aug 25, 2023
MARC Ratings has placed its ratings on UMW Holdings Berhad’s (UMW) sukuk programmes on MARCWatch Developing. The rating action has been triggered by the proposed sale of Permodalan Nasional Berhad’s (PNB) 61.18% equity stake in UMW to Sime Darby Enterprise Sdn Bhd (SDESB) for a total cash consideration of about RM3.57 billion. The rating agency notes that a mandatory general offer will be made...

This article has been viewed 335 times.
Friday, Jul 07, 2023
MARC Ratings has affirmed its AA+IS rating on UMW Holdings Berhad’s (UMW) RM2.0 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) and its AA-IS rating on UMW’s RM2.0 billion Perpetual Sukuk Programme. The two-notch rating differential between the two programmes is in line with MARC Ratings’ methodology on notching principles of subordinated and hybrid instruments. The out...

This article has been viewed 272 times.
Monday, Aug 22, 2022
MARC Ratings has affirmed its ratings on UMW Holdings Berhad’s (UMW) RM2.0 billion Islamic Medium-Term Notes Programme (Sukuk Musharakah) at AA+IS and RM2.0 billion Perpetual Sukuk Programme (Perpetual Sukuk) at AA-IS. The ratings outlook is stable. UMW’s sizeable market share in the domestic automotive industry, strong revenue generation and healthy capital structure remain key rating dr...

This article has been viewed 382 times.
Thursday, Sep 23, 2021
MARC has assigned its AA+IS rating to UMW Holdings Berhad’s (UMW) RM2.0 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) and AA-IS rating to UMW’s RM2.0 billion Perpetual Sukuk Programme (Perpetual Sukuk). The two-notch rating differential between the Sukuk Musharakah and Perpetual Sukuk is in line with MARC’s methodology on notching principles of subordinated and hybrid...

This article has been viewed 534 times.
Friday, Aug 30, 2013
MARC today lowered its long-term Islamic debt ratings on UMW Holdings Berhad’s (UMW) RM300 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme to AA+ID from AAAID. The rating agency also affirmed its short-term rating on the programme at MARC-1ID. MARC subsequently withdrew all ratings on UMW at its request. The outlook was stable at the time of the withdrawal. MA...

This article has been viewed 2665 times.
Thursday, May 16, 2013
MARC has withdrawn its MARC-1ID/AAAID rating on UMW Holdings Berhad’s (UMW) RM500 million Islamic Medium Term Notes (IMTN) programme, which is one of the two Islamic debt programmes of the investment holding company that are rated by MARC. The withdrawal follows the full redemption of the outstanding RM500 million notes under the IMTN programme on May 9, 2013 from part proceeds of a new issu...

This article has been viewed 1564 times.
Tuesday, Sep 04, 2012
MARC has affirmed its short-term and long-term Islamic debt ratings of MARC-1ID/AAAID on UMW Holdings Berhad (UMW) with a stable outlook. The rating actions affect RM800 million of outstanding notes issued under the investment holding company's RM300 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme and RM500 million IMTN Programme. The affirmed ratings and outlook re...

This article has been viewed 1740 times.
Tuesday, Jul 19, 2011
MARC affirmed its short-term and long-term Islamic debt ratings of MARC-1ID/AAAID on UMW Holdings Berhad (UMW) and maintained its stable outlook on the ratings. The rating actions affect RM610 million of outstanding notes issued under the investment holding company's RM300 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme and RM500 million Islamic Medium Term Notes (I...

This article has been viewed 1513 times.