MARC has affirmed its AAAIS rating on special purpose vehicle Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The affirmed rating is premised on the credit strength of the Malaysian government as the sole paymaster of the sublease rentals which are sufficient to meet the principal and profit payments under the IMTN progra...

MARC has assigned a final rating of AAAIS with a stable outlook to Putrajaya Bina Sdn Bhd’s (PBSB) proposed Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM1.58 billion. PBSB, a wholly-owned subsidiary of Putrajaya Holdings Sdn Bhd (PJH), is undertaking the development of nine blocks of government office buildings and one block of shared facilities under a concession agreeme...

MARC has affirmed its ratings of MARC-1IS/AA-IS on UEM Sunrise Berhad’s (UEM Sunrise) two Islamic Commercial Paper and Islamic Medium-Term Notes programmes (ICP/IMTN-1 and ICP/IMTN-2). The ICP/IMTN-1 and ICP/IMTN-2 each has a nominal value of RM2.0 billion with a sublimit of RM500.0 million on the ICP programmes. The outlook on the ratings is stable. Majority-owned by UEM Group Berhad (UE...

MARC has affirmed its ratings on special purpose company Inverfin Sdn Bhd’s (Inverfin) RM200 million Medium-Term Notes (MTN) programme comprising RM185 million Tranche A notes and RM15 million Tranche B notes at AAA and AA respectively. The outlook on the ratings is stable. The current outstanding notes is RM160 million under Tranche A while no notes have been issued under Tranche B. The ...

MARC has affirmed its rating of AAA(fg) on Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium-Term Notes (MTN) programme with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC has an insurer financial strength rating of AAA/stable and long-term count...

MARC has affirmed its ratings of MARC-1/ AA on Murud Capital Sdn Bhd’s (Murud Capital) Senior Commercial Papers/Medium-Term Notes Programme (Senior CP/MTN Programme) of up to RM290 million. The outlook on the ratings is stable. Murud Capital currently has an outstanding RM279 million Senior CP under the Senior CP/MTN Programme. Murud Capital is a special purpose vehicle incorporated by MRC...

MARC has assigned ratings of AAA, AA and B- to Special Coral Sdn Bhd’s (Special Coral) up to RM250 million Senior Class A Medium-Term Notes (MTN) (Class A MTN), RM50 million Senior Class B MTN (Class B MTN) and RM800 million Subordinated Class MTN respectively. The ratings outlook is stable. The Senior and Subordinated Class MTN will be issued from Special Coral’s existing RM1.1 billion M...

MARC has assigned long-term ratings of AAA, AA and A to Kinabalu Capital Sdn Bhd’s (Kinabalu Capital) medium-term notes (MTN) RM130 million Class A, RM25 million Class B and RM15 million Class C respectively. Concurrently, MARC has assigned a MARC-1 rating to Kinabalu Capital’s issue of up to RM170 million commercial papers (CP). The issuance of the rated MTN and/or CP with a combined issuance...

MARC has affirmed its ratings on Berjaya Land Berhad’s (BLand) outstanding RM500.0 million Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Berhad (Danajamin) at AAA(fg) and RM150.0 million MTN Programme guaranteed by OCBC Bank (Malaysia) Berhad (OCBC Malaysia) at AAA(bg). The outlook for the ratings is stable. The affirmed ratings reflect the unconditional and irrevocabl...

MARC has affirmed its debt ratings on Putrajaya Holdings Sdn Bhd’s (PJH) outstanding issuances as follows: RM370.0 million Sukuk Musharakah Programme (due 2030) at AAAIS/stable; RM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS/stable; RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033) at AAAIS/stable; and RM2.2 billion Murabahah Medium-Term Not...