Malaysian Rating Corporation Berhad (MARC) has assigned issuer ratings of AAA/MARC-1 to Putrajaya Holdings Sdn Bhd (PJH) and corporate debt ratings of AAAID/MARC-1ID to the latter’s proposed RM300 million Murabahah Commercial Papers (CP)/Medium-Term Notes (MTN). The ratings reflect PJH’s solid capitalization supported by a superior set of shareholders; exceptionally strong financial flexibili...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed Setia Putrajaya Sdn Bhd’s (Setia Putrajaya) ratings of MARC-2ID / A+ID and MARC-2ID for its RM375 million Murabahah Notes Issuance Facility/Medium Term Notes and RM170 million Murabahah Notes Issuance Facility respectively.The ratings reaffirmation reflect Setia Putrajaya’s manageable construction risk given its ability to complete its...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term Islamic corporate debt rating of A-ID (A minus, Islamic Debt Securities) to Maxisegar Sdn Bhd’s (Maxisegar) RM600 million Al-Bai Bithaman Ajil with Islamic Debt Securities (BaIDS) facility. The rating of Maxisegar’s BaIDS reflects a tight underlying issue structure, where the progress billings from secured sales of specif...

Malaysian Rating Corporation Berhad (MARC) has affirmed Talam Corporation Berhad’s (Talam) RM150 million secured bonds rating at A (single A flat). The affirmation of the rating reflects the strength of the issue structure that is secured by a property development project, the Saujana Puchong Project, which forms the primary source of repayment of the bonds issue. In addition, the favourable p...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-3ID to Pembangunan Brisdale Sdn Bhd’s (PBSB) RM55 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects the strength of the issue structure under which secured sales from the West Port Tech Zone housing project have been earmarked for the redemption of the MUNIF. Positive features ...

Malaysian Rating Corporation Berhad (MARC) has affirmed Melombong dan Perumahan Sdn Bhd’s (MDP) RM60 million Murabahah Underwritten Notes Issuance Facility (MUNIF) rating at MARC-2ID. The rating affirmation reflects the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments to form the primary source of repayment of the debt...

Corporate Debt Ratings:(i) Proposed Issue of Up to RM150 Million Nominal Value of Redeemable Secured Bonds With up to 142.1 Million Warrants (2001/2008) – Tranche 1 A-(ii) Proposed Issue of Up to RM150 Million Nominal Value of Redeemable Secured Bonds With up to 142.1 Million Warrants (2001/2008) – Tranche 2 A-Malaysian Rating Corporation Berhad (MARC) has assigned long-term ratings of A-...

1. Up to RM235 million nominal amount of Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) (2000/2005) MARC-1 (bg)2. RM100 million Guaranteed Serial Fixed Rate Bonds (Bonds) (2000/2005) AA- (bg)Further to the press announcement made by Malaysian Rating Corporation Berhad (MARC) on 13 July 2001, MARC has been informed that JCD had failed to meet the ...

- Up to RM235 million nominal amount of Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) (2000/2005) MARC-1 (bg)- RM100 million Guaranteed Serial Fixed Rate Bonds (Bonds) (2000/2005) AA- (bg)JCD secured the above listed facilities in January 2000. JCD is scheduled to make the first repayment of RM42.6 million and RM19 million with respect to the GRUNIF and the Bonds on 18 July 2...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term Islamic debt rating of A-ID (A minus, Islamic Debt) to Kenanga Wangsa Sdn Bhd’s (Kenanga) RM128 million Al-Bai Bithaman Ajil with Islamic Debt Securities (BaIDS) facility. The rating reflects the strength of the underlying issue structure, in which, secured sales from specific property development projects have been earmarked...