MARC has affirmed its AA-/MARC-1 financial institution ratings on AmInvestment Bank Berhad (AmInvestment). The rating outlook has been revised to stable from positive. MARC's ratings on the bank continue to reflect the consolidated credit profile of AmInvestment and its sister bank, AmBank (M) Berhad (AmBank), on account of AMMB Holdings Berhad's (AmBank Group) integrated universal banking strateg...

MARC has affirmed its ratings of MARC-1ID /A+ID on Weida (M) Bhd’s (Weida) RM100 million 7-year Murabahah Underwritten Notes Issuance (MUNIF)/Islamic Medium Term Notes Facility (IMTN). The outlook on the ratings is stable. The rating action incorporates the partially funded designated account that Weida has recently set up to improve the certainty of full and timely repayment of its remainin...

MARC has assigned the ratings of MARC-1(fg)/AAA(fg) to Riverson Corporation Sdn Bhd’s (Riverson) RM200 million 5-year Commercial Papers/Medium Term Notes (CP/MTN) Programme with a stable outlook. The ratings and outlook are based on the financial guarantee insurance policy extended by Danajamin Nasional Berhad (Danajamin) for the rated programme. Danajamin is currently rated AAA/stable premi...

MARC has assigned a rating of A+IS(cg) to KMCOB Capital Berhad's (KMCOB) proposed RM343.1 million Sukuk Murabahah Medium Term Notes (Sukuk Murabahah) programme with a stable outlook pending final documentation review. The proposed facility has the benefit of corporate guarantees from Scomi Oiltools and its existing and future principal subsidiaries and the listed entity that may be incorporated to...

MARC has affirmed its long- and short-term financial institutions ratings of CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1, reflecting the bank’s established franchise in Malaysia and strong credit profile, which is well supported by sound capital and liquidity management and resilient earnings streams. Considering the size as well as the bank’s systemic importance to the domestic financi...

MARC has affirmed the short-term and long-term ratings of 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 lowered its issue rating on Scomi Group Bhd’s (Scomi) RM500 million Medium Term Notes (MTN) programme to A+ from AA-. The rating was removed from MARCWatch, where it was placed with negative implications on July 27, 2011. The outlook on the rating is negative. The downgrades affect RM200 million of outstanding MTNs. The one-notch downgrade for Scomi’s issue rating balances its low...

MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) long-term financial institution rating at AAA and concurrently affirmed its rating on CIMB Islamic’s Tier 2 Junior Sukuk Programme at AA+IS. The outlook on the long-term ratings is stable. CIMB Islamic’s financial institution rating is equated to parent CIMB Bank Berhad’s (CIMB Bank), on account of the high level o...

MARC has affirmed its AAAIS rating on the outstanding RM55 million of the Series 1 RM100 million sukuk issued under IJN Capital Sdn Bhd’s (IJN Capital) RM209 million Sukuk Musyarakah Programme. The AA+ rating on the unissued Series 2 RM109 million sukuk has been withdrawn following the expiry of the facility’s drawdown period. The outlook is stable. IJN Capital is a wholly-owned specia...

MARC has affirmed the short-term and upgraded the long-term ratings of Boon Koon Group Bhd’s (BKGB) RM100 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) programme to MARC-3ID / BBBID from MARC-3ID /BBB-ID respectively. The rating outlook is stable. The rating action affects RM45 million of outstanding notes issued under the programme. The upgrade in the long-term rati...