Displaying 111-120 of 565 results.
MARC has affirmed its rating of AAA on Inverfin Sdn Bhd’s outstanding RM160 million Tranche A notes under its RM200 million Medium-Term Notes (MTN) programme. The rating outlook has been revised to stable from negative.The outlook revision reflects the significant improvement in occupancy level of the collateral property, Menara Citibank, which has eased pressure on rental income. At end-2019, t...
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MARC has affirmed its AAIS rating on Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). The rating outlook is stable.Fortune Premiere is a funding vehicle for its parent IOI Properties Group Berhad (IOI Properties) which has provided an unconditional and irrevocable corporate guarantee on the rated sukuk. Accordingly, the rating c...
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MARC has assigned ratings of AAA, AA and B- to Special Coral Sdn Bhd’s RM250.0 million Senior Class A Medium-Term Notes (MTN), RM50.0 million Senior Class B MTN and RM800.0 million Subordinated Class MTN under the existing RM1.1 billion MTN programme. The ratings carry a stable outlook. Proceeds from the Class A MTN issuance will be utilised to repay the maturing existing Class A MTN of RM2...
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MARC has affirmed its ratings on Berjaya Land Berhad’s RM500.0 million Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Berhad (Danajamin) at AAA(fg) and RM150.0 million MTN Programme guaranteed by OCBC Bank (Malaysia) Berhad (OCBC Malaysia) at AAA(bg). The ratings outlook is stable. The ratings reflect the unconditional and irrevocable guarantees provided by Danajamin and OCBC...
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MARC has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes facility (MTN facility). The outlook is revised to stable from negative. Segi Astana’s rating and the outlook mirror its parent WCT Holdings’ senior debt ratings of AA- with stable outlook which was revised from negative on August 28, 2019. This assessment is ...
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MARC has affirmed its ratings of MARC-1IS/AA-IS on UEM Sunrise Berhad’s two Islamic Commercial Papers and Islamic Medium-Term Notes programmes (ICP/IMTN-1 and ICP/IMTN-2) with a stable outlook. Each of the ICP/IMTN programmes has a limit of RM2.0 billion with a sublimit of RM500.0 million on the ICP issuances.
UEM Sunrise’s long-term rating benefits from a one-notch uplift for parental s...
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MARC has affirmed its ratings on Sunway Berhad’s issuances under the
RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) programmes at MARC-1/AA-.
Concurrently, the ratings on Sunway Treasury Sukuk Sdn Bhd’s issuances under
the RM2.0 billion Sukuk Programme and RM10.0 billion Islamic Commercial Paper/
Islamic Medium-Term Notes (ICP/ IMTN) programmes have been affirmed at MARC-1IS(cg...
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MARC has affirmed its AAAIS rating with a stable outlook on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme.
Wholly owned by Putrajaya Holdings Sdn Bhd (PJH), PBSB undertook the development of nine blocks of government office buildings and one block of shared facilities in Parcel F, Precinct 1 in Putrajaya under a concession agreement with...
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MARC has affirmed its ratings on Putrajaya Holdings Sdn Bhd’s (PJH) issuances under the following programmes:
RM370.0 million Sukuk Musharakah Programme (due 2030) at AAAIS / stable;
RM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS / stable; and
RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033) at AAAIS / stable.
The ratings are mainly premi...
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MARC has affirmed its rating for Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million at AA-. The rating outlook has been revised to negative from stable.
The revised outlook reflects CISB’s reduced cash buffer mainly due to an unexpected tax liability arising from underpayments in prior years. This could potentially lead to a covenant breach of the debt...
This article has been viewed 823 times.