MARC has affirmed its rating of AAAIS(fg) on special purpose vehicle TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100 million Guaranteed Islamic Medium Term Notes programme (Sukuk Musyarakah) with a stable outlook. The affirmed rating and outlook reflect the unconditional and irrevocable financial insurance guarantee on the rated programme by Danajamin Nasional Berhad (Danajamin) on whi...

MARC has affirmed its AAAID rating on MISC Berhad's (MISC) RM2.5 billion Islamic Medium Term Notes (IMTN) programme. The outlook on the rating is maintained at stable. The rating action incorporates the group’s leading position in the LNG shipping segment derived largely from its long-term contracts with its parent company Petroliam Nasional Berhad (PETRONAS) as well as MISC’s moderate...

MARC has affirmed the rating on Boustead Holdings Berhad’s (Boustead) RM1.0 billion Bank Guaranteed Medium Term Notes (BG MTN) programme at AAA(bg) with a stable outlook. The rating reflects the credit strength of the syndicated bank guarantee facility provided by OCBC Bank (Malaysia) Berhad (OCBC Malaysia), Public Bank Berhad (Public Bank), Malayan Banking Berhad (Maybank) and The Bank of E...

MARC has affirmed its MARC-1/AA- ratings on IJM Corporation Berhad’s (IJM) Commercial Paper/Medium Term Notes Programme (CP/MTN) with a stable outlook. Outstanding notes under the programme comprise RM300.0 million CP and RM450.0 million MTN.The affirmed ratings incorporate IJM group’s moderate business and credit risk profiles arising from its fairly diverse business segments, namely ...

 MARC has affirmed its AAA and B- ratings on special purpose vehicle Special Coral Sdn Bhd’s (Special Coral) Senior Class A and Subordinated Class Medium Term Notes (MTN) respectively. Concurrently, MARC has upgraded its ratings on Senior Class B through Senior Class F MTNs. The rating actions on Special Coral’s RM1.1 billion MTN Programme are summarised as follows:Exhibit 1: The ...

MARC has affirmed its ratings of AAA/AAAID on The Export-Import Bank of Korea’s (KEXIM) Conventional and/or Islamic Medium Term Notes (MTN) programme with a combined nominal value of RM3.0 billion and AAA on KEXIM’s RM1.0 billion MTN programme. The outlook for all the ratings is stable. The affirmed ratings incorporate support uplift from the government of the Republic of Korea (South ...

MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on The Bank of East Asia, Limited (BEA), Hong Kong. The outlook on the ratings is stable. The affirmed ratings and outlook are based on MARC’s assessment of the bank’s capacity to meet its financial obligations on the Malaysian national rating scale. MARC considers BEA’s well-established ba...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (South Korea) and systemic importance in South Korea as well as its stable funding and liquidity profiles and sound capitalisation. MARC rates the notes at the same level as Sout...

MARC has affirmed its A+IS and MARC-2ID/A+ID ratings on Alam Maritim Resources Berhad’s (Alam Maritim) RM500 million Sukuk Ijarah Medium Term Notes (Sukuk Ijarah MTN) and RM100 million Murabahah Commercial Papers/Medium Term Notes (MCP/MMTN) facilities. The ratings carry a stable outlook. The affirmed ratings reflect Alam Maritim’s established and leading position in the domestic offsh...

MARC has affirmed its A+ID and AA-(bg) ratings on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM365 million Bank Guaranteed Serial Fixed Rate Bonds (BG bonds) respectively. The outlook on the ratings is stable. SPRINT is the toll concessionaire and operator of the 25.5-kilometre interlinked tolled roads comprisin...