MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the Hong Kong Special Administrative Region of China (Hong Kong) based on the rating agency’s national rating scale. The government of Hong Kong has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in Hong Kong to reflect the transfer a...

MARC has affirmed its ratings of MARC-1IS  /AAAIS on PETRONAS Dagangan Berhad’s (PDB) Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) Programme of up to RM2.0 billion. The outlook on the rating is stable. The affirmed ratings are equalised to the AAA/MARC-1/Stable ratings of PDB’s parent, Petroliam Nasional Berhad (PETRONAS) based on available public information. MARCâ...

MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFHMB) long-term and short-term financial institution (FI) ratings of AA+/MARC-1 and concurrently affirmed the FI ratings of AAA/MARC-1 on its parent bank, Kuwait Finance House K.S C. (KFH), based on public information. The outlook on the ratings is stable. KFHMB’s long-term rating is notched down from that of its parent bank, prem...

MARC has affirmed its AAAID(S) rating on Kuching Port Authority’s (KPA) RM180.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The rating and outlook are aligned to MARC’s public information rating on the Sarawak State Government (SSG) on the basis of KPA’s status as a state-owned statutory body and state support provided on the BaIDS....

MARC has affirmed its AAA(bg) and AAA(fg) ratings on investment holding company Premier Merchandise Sdn Bhd’s (Premier Merchandise) RM300 million seven-year bank-guaranteed Medium-Term Notes (MTN) Programme (Tranche 1) and RM300 million nine-year Danajamin-guaranteed MTN Programme (Tranche 2) respectively. The outlook for both ratings is maintained at stable. The affirmed rating on Tranche 1...

MARC has affirmed its ratings of MARC-1(fg)/AAA(fg) on Riverson Corporation Sdn Bhd’s (Riverson) RM200 million CP/MTN facility with a stable outlook. The affirmed ratings and outlook are based on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin) which carries MARC’s financial strength rating of AAA/stable. Riverson’s standalone cred...

MARC has affirmed its AAAIS rating on special purpose vehicle Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The rating action affects RM6,610.0 million IMTNs in six series issued by Aman under the programme as at November 25, 2014.The affirmed rating is premised on the assured and sufficient sublease rental payments from...

MARC has affirmed the AAAID rating on Gas Malaysia Berhad’s (Gas Malaysia) RM500 million Al-Murabahah Medium-Term Notes (MTN) programme with a stable outlook. The rating incorporates Gas Malaysia’s strong competitive position in natural gas distribution in Peninsular Malaysia, stemming largely from reliable supply of natural gas from national oil and gas company Petroliam Nasional Berhad (PETR...

MARC has affirmed its rating of AAA(fg) on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds (Guaranteed Serial Bonds) of up to RM320 million with a stable outlook. The rating and outlook are premised on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA/stable. As t...

MARC has affirmed its AA-IS and A- ratings on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s (Kesturi) RM2.3 billion Sukuk Musharakah (Senior Sukuk) and RM180 million Redeemable Secured Junior Bonds (Junior Bonds) respectively. The outlook on the ratings is stable. The affirmed ratings take into consideration the satisfactory traffic performance of Kesturi’s 18-kilometre (km) Duta-Ul...