MARC has affirmed the rating of Gerbang Perdana CIQ Sdn Bhd’s (GPCIQ) RM1.7 billion Medium Term Notes (MTN) programme at AAA with a stable outlook. The rating action affects RM14.7 million of outstanding notes under the programme. The notes are backed by facility payment certificates (FPC) issued by the Government of Malaysia (GoM) with a very strong collection history. The FPCs represent th...

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...

MARC has assigned a rating of AA-IS to Kimanis Power Sdn Bhd’s (Kimanis) RM1.16 billion Sukuk Programme. The outlook on the rating is stable. Kimanis is a 60:40 joint venture between PETRONAS Gas Berhad and Sabah state-owned entity NRG Consortium (Sabah) Sdn Bhd (NRG). NRG is an indirect wholly-owned subsidiary of Sabah state’s investment arm Yayasan Sabah Group (YSG).Kimanis will issu...

MARC has affirmed its AAA ratings on Class Auto Receivables Berhad’s (Class Auto) Class B and Class C Notes with a stable outlook. The rating affirmation affects RM7.75 million of outstanding Class B Notes and RM20.0 million of outstanding Class C Notes. At the same time, MARC has withdrawn its AAA rating on the Class A Notes following the redemption of all remaining outstanding Class A Note...

MARC has affirmed the ratings on Ranhill Powertron II Sdn Bhd’s (RPII) RM350.0 million guaranteed notes and RM360.0 million non-guaranteed notes issued under its RM710 million nominal value Islamic Medium Term Notes (IMTN) Programme at AAAIS(fg) and AAIS respectively. The outlook for both ratings is stable.The affirmed rating and stable outlook on the guaranteed notes reflect the credit strength...

MARC has affirmed the rating of Special Port Vehicle Berhad‟s (SPVB) RM1,310.0 million nominal amount asset-backed serial bonds facility at AAA with a negative outlook. The affirmed rating takes into account the satisfactory payment history of the Port Klang Authority (PKA) to date in respect of its deferred payment obligations for the land purchase and development costs of Port Klang Free Z...

MARC has affirmed its ratings on Transshipment Megahub Berhad’s (TMB) RM1,095.0 million fixed rate serial bonds (FRSB) and up to RM360.0 million Commercial Papers/Medium Term Notes (CP/MTN) programme at AAA and MARC-1/AAA respectively. The rating outlook is revised from negative to stable to reflect the fully funded status of the debt service reserves with respect to the final principal repa...

MARC has affirmed its rating on Press Metal Berhad’s (Press Metal) outstanding RM320.5 million Redeemable Convertible Secured Loan Stocks (RCSLS) with detachable warrants at A- with a stable outlook.The proceeds from the RCSLS issuance have been on-lent to the issuer's subsidiary, Press Metal Bintulu Sdn Bhd (PMBintulu), to part-finance the construction of an aluminium smelting plant at...

MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on Malayan Banking Berhad (Maybank). The ratings are underpinned by Maybank’s strong and sustainable domestic banking franchise, stable asset quality and funding structure, good recurring earnings generation and prudent capitalisation. The ratings reflect Maybank’s standalone credit profile witho...

MARC has affirmed its ratings on LBS Bina Group Bhd’s (LBS Bina) RM135 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) Programme at MARC-1IS(fg) /AAAIS(fg) with a stable outlook. The affirmed ratings and stable outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the Programme. MA...