Displaying 11-20 of 564 results.
MARC Ratings has upgraded Titijaya Land Berhad’s (Titijaya) RM150 million Islamic Commercial Papers (ICP) Programme short-term rating to MARC-1IS from MARC-2IS. The upgrade reflects Titijaya’s stronger long-term credit profile, with improved business profile and healthier balance sheet, characterised by lower leverage and higher liquidity. Key factors moderating the rating are the challen...
This article has been viewed 175 times.
MARC Ratings has assigned a preliminary rating of AA-IS to LBS Bina Group Berhad’s proposed Islamic Medium-Term Notes Programme of up to RM750.0 million. The rating outlook is stable. The assigned rating is mainly premised on LBS Bina’s strong sales track record in the affordable and mid-market residential property segment, its sizeable unbilled sales and healthy cash flow metrics. Modera...
This article has been viewed 197 times.
MARC Ratings has assigned a "Gold" Impact Assessment to LBS Bina Group Berhad’s (LBS) Sustainable Financing Framework. The framework has been established to set the guiding principles for LBS’ sustainable financing instruments for specific eligible projects that contribute towards environmental and social benefits.MARC Ratings has assessed the framework and is satisfied that it is aligned with...
This article has been viewed 136 times.
MARC Ratings has withdrawn its ratings of AAA(bg) on Berjaya Land Berhad’s RM500.0 million Medium-Term Notes (MTN) Programme and AAA(bg) on its RM150.0 million MTN Programme. The programmes carried guarantees from Bank Pembangunan Malaysia Berhad and OCBC Bank (Malaysia) Berhad. The ratings withdrawal follows the early redemption of the outstanding amount of RM150.0 million under the RM500....
This article has been viewed 158 times.
MARC Ratings has affirmed its ratings of AIS(cg)/MARC-1IS(cg) on SkyWorld Capital Berhad’s RM300.0 million Islamic Medium-Term Notes/Islamic Commercial Papers (IMTN/ICP) Programmes. The rating outlook is stable. SkyWorld Capital is the funding vehicle of parent SkyWorld Development Berhad (SkyWorld) to undertake the sukuk issuance. SkyWorld has extended an irrevocable and unconditional guarantee...
This article has been viewed 154 times.
MARC Ratings has assigned ratings to Sunway Group’s existing unrated sukuk and unrated debt as follows:Sunway Berhad’s RM5.0 billion Perpetual Sukuk Programme at AISSunway Treasury Sukuk Sdn Bhd's RM10.0 billion Islamic Medium-Term Notes (IMTN) Programme at AA-IS.The outlook on both ratings is stable.The two-notch rating differential between the perpetual sukuk and Sunway’s long-term senior ...
This article has been viewed 365 times.
MARC Ratings has downgraded its rating on YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) to AIS. Concurrently, the rating outlook has been revised to negative from stable.The rating actions reflect MARC Ratings’ increased concerns about YNH’s ability to generate sufficient cash flow to meet its financial obligations due to its weak business profile, character...
This article has been viewed 247 times.
MARC Ratings has affirmed its ratings of MARC-1IS/AA-IS on UEM Sunrise Berhad’s Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) Programme (ICP/IMTN-3) with a combined nominal value of RM4.0 billion. The rating agency has also affirmed its ratings of AA-IS on UEM Sunrise’s two RM2.0 billion IMTN Programmes (IMTN-1 and IMTN-2). The ratings outlook is stable. UEM Sunrise...
This article has been viewed 217 times.
MARC Ratings has affirmed its rating of AA-IS(cg) on Eco World Capital Berhad’s Islamic Medium-Term Notes (Sukuk Wakalah) Programme of RM1.2 billion. The rating outlook is stable. Eco World Capital is the financing vehicle of parent Eco World Development Group Berhad (EcoWorld) which provided an unconditional and irrevocable guarantee on the programme.The rating affirmation incorporates EcoWorld...
This article has been viewed 254 times.
MARC Ratings has upgraded its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) to AA- from A+. The upgrade on the MTN rating follows the upgrade on Segi Astana’s standalone rating to A+ from A. Segi Astana’s MTN rating of AA- incorporates a single notch uplift on account of the liquidity support undertaking by parent WCT Holdings Berhad (WCT), which holds a...
This article has been viewed 316 times.