MARC has affirmed its AAAIS and AAAID ratings with a stable outlook on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt programmes as follows:-RM3.0 billion Sukuk Musharakah Programme (due 2032);RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033); andRM2.2 billion Murabahah Medium-Term Notes (MMTN) Programme (due 2021).The ratings are based on PJH’s healthy finan...

MARC has affirmed its AAAIS and AAAID ratings with a stable outlook on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt programmes as follows:-RM3.0 billion Sukuk Musharakah Programme (due 2032);RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033); andRM2.2 billion Murabahah Medium-Term Notes (MMTN) Programme (due 2021).The ratings are based on PJH’s healthy financial and...

MARC has assigned rating of AA-IS with a stable outlook to WCT Holdings Berhad’s (WCT Holdings) proposed RM1.5 billion 15-year Sukuk Murabahah programme. Concurrently, MARC has affirmed its existing debt ratings with a stable outlook on WCT Holdings’ outstanding issuances as follows:RM300 million 7-year Islamic Commercial Paper (ICP)/Islamic Medium-Term Notes (IMTN) Programme (due April 2015) ...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the State of Kuwait (Kuwait) based on the rating agency’s national rating scale. The government of Kuwait has no debt rated by MARC. The foreign currency debt country ceiling applies to ringgit-denominated issuances by entities domiciled in Kuwait to reflect the transfer and convertibility (T...

MARC has assigned a foreign currency sovereign rating of ‘AAA’ with a stable outlook to the Republic of Singapore (Singapore) based on the rating agency’s national rating scale. The government of Singapore (GoS) has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in Singapore to reflect the transfer and convertibility (T&a...

MARC has affirmed the AAIS rating on toll road concessionaire ANIH Berhad's (ANIH) RM2.5 billion Senior Sukuk Musharakah Programme (Sukuk Programme) with a stable outlook. The affirmed rating continues to incorporate ANIH’s overall stable traffic performance of its matured toll road concessions, namely Kuala Lumpur-Karak Highway (KL-Karak), Phase 1 of the East Coast Expressway (ECE1) and the...

MARC has assigned financial institution ratings of A / MARC-1 to Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently assigned a rating of AIS on the Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The outlook on the ratings is stable.  The rating on Bank Muamalat’s Senior Sukuk issuance is equalised to the bank’s financial institution rating based on the s...

MARC has affirmed the rating of AAAIS(fg) on Antara Steel Mills Sdn Bhd’s (Antara) RM300.0 million Sukuk Mudharabah Programme with a stable outlook based on the irrevocable and unconditional guarantee from Danajamin Nasional Berhad (Danajamin) on the rated sukuk. MARC has a AAA/Stable rating on Danjamin reflecting, among other factors, the financial insurer’s status as a government-spo...

MARC has affirmed its AA-IS rating on Kimanis Power Sdn Bhd's (KPSB) RM1,160.0 million Sukuk Programme (sukuk) with a stable outlook. The rating incorporates the impending commencement of full commercial operations of KPSB’s 285-megawatt (MW) combined-cycle gas-fired power plant at Kimanis Bay in Sabah and its long-term power purchase agreement (PPA) with a creditworthy utility, Sabah Electricit...

MARC has affirmed its AAAID(s) rating on Sarawak Specialist Hospital & Medical Centre Sdn Bhd’s (SSHMC) outstanding RM61 million Istisna’ Serial Bonds with a stable outlook. The affirmed rating and outlook reflect the irrevocable and unconditional undertaking by the Sarawak state government, via its State Financial Secretary (SFS), to provide timely cashflows to meet repayments for...