Following the announcement by CNLT (Far East) Berhad’s (CNLT) Board of Directors to Bursa Malaysia dated 11 June 2007 that CNLT is an affected listed issuer under the Listing Requirements of Bursa Malaysia Securities Berhad ("Bursa Securities") and Practice Note 17/2005 ("Amended PN17") and after considering the obligations the company is required to fulfil to avoid a tra...

MARC has lifted CNLT (Far East) Berhad’s (CNLT) RM60.0 million bank guaranteed Commercial Papers/Medium Term Notes Issuance Programme (CP/MTN) MARCWatch developing placement and reaffirmed its ratings at  MARC-1(bg)/A(bg). CNLT’s ratings had been placed on MARCWatch Developing on 27 April 2007 following a revision in repayment terms of the said programme. Detailed discussions with...

MARC has placed its MARC-1(bg)/A(bg)  rating on CNLT (FAR EAST) Berhad’s RM60 million Bank Guaranteed Commercial Papers/Medium Term Notes on MARCWatch Developing. The MARCWatch placement follows CNLT’s confirmation that it failed to honour its first scheduled repayment of RM15 million under its bank guaranteed CP/MTN programme, which was due on 10 April 2007.Notwithstanding the re...

MARC has assigned respective short- and long-term ratings of MARC-1ID and AID with stable outlook to Tomei Consolidated Berhad’s (TCB) RM 100.0 million Islamic Commercial Papers/Medium-Term Notes (ICP/IMTN) Programme. The ratings reflect the Group’s well-established jewellery franchises, its competitive edge over non-integrated players as an integrated manufacturer and retailer of jewe...

MARC has reaffirmed the corporate debt rating of KFC Holdings (Malaysia) Berhad’s (KFCH) RM300 million Islamic Notes Issuance Facility (INIF) at A+ID  with a Positive Outlook . The reaffirmation reflects the Group’s strong brand presence in the Quick Service Restaurant (QSR) industry; strong franchise and market dominance; improving financial performance recorded over the years; a...

MARC has downgraded the long-term rating of DeGem Berhad’s (DeGem) RM50.0 million MUNIF/IMTN from A+ID to AID with a stable outlook and re-affirmed its short-term rating at MARC-2ID. The downgrade reflects the group’s potential erosion of competitive position and loss of future earnings subsequent to the disposal of a large part of its gold business to PYT Gem Trade Sdn Bhd which leads...

The ratings of CNLT (Far East) Berhad’s (CNLT) RM60 million Bank Guaranteed CP/MTN have been affirmed at A(bg)/ MARC-1(bg) with Stable Outlook. The reaffirmation reflects the weakest link rating of the unconditional and irrevocable bank guarantees provided by a consortium of financial institutions. The bank guarantors consist of Aseambankers, Malayan Banking Berhad, CIMB Bank Berhad and EON ...

MARC has downgraded the long-term ratings of Hytex Integrated Berhad’s (“HIB”) Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (“MUNIF/IMTN”) of up to RM100.0 million from AID to A-ID and affirmed the short term rating at Marc-2 with stable outlook. The revision of the long-term rating to A-ID reflects the declining financial profile arising f...

MARC has affirmed the rating of MM Vitaoils Sdn Bhd’s (MMV) RM70.0 Million Murabahah Commercial Papers (MCP) Programme at MARC-2ID with developing outlook. The affirmation reflects MMV’s anticipated improving financials arising from a more focused business strategy supported by Malaysian Palm Oil Board (MPOB) expertise in downstream palm oil research and development (R&D) activitie...

The MARC-2ID rating on the RM70.0 Million Murabahah Commercial Papers (MCP) Programme is underpinned by MM Vitaoils Sdn Bhd’s (MMV) proven business model which is primarily supported by the research and development (R&D) activities carried out by the Malaysian Palm Oil Board (MPOB). Moderating factors to the rating include MMV’s limited track record; working capital constraints that limited th...