MARC has affirmed its AAAIS(fg) rating on Senari Synergy Sdn Bhd’s (Senari Synergy) RM380 million Islamic Medium Term Notes (IMTN) Programme. The outlook on the rating is stable. The affirmed rating and outlook reflect an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the sukuk obligations. MARC’s current AAA/stable rating for Danajamin is ...

MARC has affirmed the rating of Serrisa Sinar Bhd’s (Serrisa Sinar) RM200 million Islamic commercial papers/Islamic medium term notes (ICP/IMTN) (Senior Notes) at MARC-1ID / AAID and upgraded the rating of its RM20 million Junior IMTN (Junior Notes) to AA-ID. The ratings outlook is stable. The rating action affects RM75 million of outstanding notes issued under the programme comprising RM70 ...

MARC has affirmed Alloy Properties Sdn Bhd’s (APSB) RM240 million Sukuk Musyarakah Medium Term Notes Programme rating at AAIS. The rating outlook is stable. The affirmed rating reflects the adequacy of cash flows from the three identified payment sources for the sukuk: APSB’s rental income from its two office buildings and assigned cash flows from sister companies, Alloy Toll Managemen...

MARC has affirmed its AA- rating on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) Medium Term Note Programme (MTN) of up to RM800 million with a stable outlook. The rating action affects the outstanding RM550 million MTN notes under the programme. The affirmed rating incorporates Sports Toto’s very strong cash flow generating ability from its number forecast operations (NFO), its entren...

MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. The rating action affects RM285 million of outstanding notes issued under the programme.Pinnacle Tower is a wholly-owned special purpose funding vehicle of Sacofa Sd...

MARC has affirmed its AAA(bg) and MARC-1(bg) ratings on Mega Palm Sdn Bhd’s (Mega Palm) Bank Guaranteed Medium Term Notes (BG MTN) of up to RM70 million and Bank Guaranteed Commercial Papers (BG CP) of up to RM80 million respectively. The outlook for the ratings is stable. The rating action affects the outstanding BG MTN of RM10 million and BG CP of RM40 million. The affirmed rating and stab...

MARC has affirmed its AAA/AAAID and MARC-1/MARC-1ID ratings on Cagamas Berhad’s (Cagamas) Conventional and Islamic Medium Term Note Programme of up to RM40 billion (MTN Programme) and its Conventional and Islamic Commercial Paper Programme of up to RM20 billion (CP Programme) respectively. MARC has also affirmed its MARC-1ID and AAAID ratings on Cagamas’ Islamic Commercial Paper P...

MARC has affirmed its rating on KMCOB Capital Bhd's (KMCOB) RM343.1 million Sukuk Murabahah Medium Term Notes Programme of A+IS(CG) and revised its rating outlook to negative from stable.KMCOB is the funding vehicle of the Scomi Oilfield Limited (SOL) group. The sukuk benefits from a corporate guarantee from Scomi Oiltools Bermuda Limited (Scomi Oiltools), the present immediate holding company of ...

MARC has affirmed the ratings on Radicare Sdn Bhd’s (Radicare) RM100 million CP/MTN facility at MARC-1/A+. The rating outlook is revised to stable from negative.The rating action incorporates the indefinite extension of Radicare’s concession agreement (CA) granted by the Malaysian government after the expiry of a six-month extension in April 2012. The extension, which will be in force ...

MARC has affirmed its short-term and long-term ratings of MARC-3ID and BBBID on Boon Koon Group Berhad’s (BKGB) RM100 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme with a stable outlook. The rating action affects RM25 million of outstanding notes issued under the programme.The affirmed ratings reflect the reduced refinancing risk related to BKGB’s upco...