MARC has assigned a rating of AAAIS to Putrajaya Holdings Sdn Bhd’s (PJH) RM3.0 billion Sukuk Musharakah Programme with a stable outlook. Concurrently, MARC has affirmed its AAAID and AAAIS ratings on PJH’s existing Islamic debt issuances with a stable outlook. A complete list of the affirmed ratings and rated issuances is provided at the end of this announcement.Proceeds from the issu...

MARC has affirmed its rating on ANIH Berhad's (ANIH) RM2.5 billion Senior Sukuk Musharakah Programme (Sukuk Programme) at AAIS with a stable outlook.The affirmed rating reflects consistent traffic growth for ANIH’s portfolio of mostly matured toll concessions, namely the Kuala Lumpur-Karak Highway (KL-Karak), Phase 1 of the East Coast Expressway (ECE1) and the Kuala Lumpur-Seremban Expresswa...

MARC has affirmed its rating of AAAIS(fg) on Antara Steel Mills Sdn Bhd’s (Antara) RM300 million Sukuk Mudharabah Programme (sukuk) programme with a stable outlook. The RM300 million sukuk is guaranteed by Danajamin Nasional Bhd (Danajamin). The rating on the sukuk programme is premised on MARC’s current rating of Danajamin’s financial strength at AAA/stable based on its importan...

MARC has affirmed its AA-/MARC-1 financial institution (FI) ratings on Hong Leong Investment Bank Berhad (HLIB) with stable outlook. The affirmed ratings and outlook take into account the improving diversity within HLIB’s income stream with higher contribution from its expanded investment banking operations, its established mid-sized retail stockbroking business and adequate capitalisation l...

MARC has affirmed its short-term and long-term Islamic debt ratings of MARC-1ID /AAAID on UMW Holdings Berhad (UMW) with a stable outlook. The rating actions affect RM800 million of outstanding notes issued under the investment holding company's RM300 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme and RM500 million IMTN Programme. The affirmed ratings and outlook r...

MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad’s (HLFG) RM1.8 billion Commercial Paper and Medium Term Notes (CP/MTN) programme with a stable outlook. The ratings are based on the improved domestic market position and core earnings capacity of its commercial banking subsidiary, Hong Leong Bank Berhad (HLB), after the completion of the bank’s merger with EO...

MARC has affirmed its short-term and long-term ratings on MRCB Sentral Properties Sdn Bhd’s (MRCB Sentral) RM400 million Commercial Papers/Medium Term Notes (CP/MTN) Programme at MARC-1(fg)/AAA(fg) with a stable outlook. The rating action affects RM400 million of outstanding notes issued under the programme. The affirmed ratings and outlook are underpinned by an unconditional and irrevocable fin...

MARC has affirmed its AA+ rating on ABS Samudera Receivables Berhad's (ASRB) Series A notes issued under its RM250.0 million Medium Term Notes Programme (MTN Programme). The outlook is maintained at negative. The rating action continues to reflect adequate credit support for the programme’s outstanding notes of RM1.3 million after taking account what the rating agency considers to be a reaso...

MARC has affirmed its AA-ID rating on Maju Expressway Sdn Bhd’s (MESB) RM550.0 million Islamic Medium Term Notes (IMTN) Programme. The rating outlook is stable. MESB is the owner and concession holder of the Maju Expressway (MEX), a 26-kilometre open toll urban highway which connects Kuala Lumpur city centre with Putrajaya and Cyberjaya. The rating is supported by strong traffic growth since...

MARC affirms its MARC-1/AAA rating of Inverfin Sdn Bhd’s (Inverfin) RM160.0 million Class A Notes issued under its RM200.0 million commercial papers/medium term notes (CP/MTN) programme. The programme allows for the issuance of junior Class B notes which would carry a rating of MARC-1/AA; however, Inverfin currently has no outstanding Class B notes issued under this programme. The ratings co...