MARC has affirmed its AID and A-ID ratings on OSK Property Holdings Berhad’s (OSKP) RM50 million Class A BaIDS and RM50 million Class B BaIDS respectively; and revised the outlook to stable from negative. The affirmation and outlook revision reflect OSKP’s improved debt protection measures with respect to both Classes of BaIDS as a result of its partial redemption of Class A BaIDS in A...

MARC has affirmed its AAIS rating on Diversified Venue Sdn Bhd’s (DVSB) RM200 million Sukuk Al-Ijarah Master Programme (Sukuk). The rating outlook is stable. DVSB, a funding special purpose vehicle wholly-owned by First Impact Sdn Bhd (FISB), acquired a beneficial ownership in the land and building for the construction of Mercu UEM, UEM Group Corporate Headquarters from FISB via the Sukuk pr...

MARC has affirmed the AAAID(s) rating on Sarawak Specialist Hospital & Medical Centre Sdn Bhd’s (SSHMC) RM425 million Istisna’ Serial Bonds (Bonds). The rating carries a stable outlook. The affirmed rating is supported by the Sarawak State Government’s (State) obligation to pay, in a timely manner, amounts due under a Redeemable Preference Share (RPS) subscription agreement b...

MARC has affirmed its AA- rating on Scomi Group Bhd’s (Scomi) RM500 million Medium Term Notes Programme (MTN). At the same time, MARC has revised the outlook on the rating to negative from stable. Scomi is primarily involved in the provision of oil and gas support services for the global oil and gas industry. It operates in four segments: oilfield services, energy and logistics engineering, ...

MARC has assigned a rating of AA- to CIMB Bank Berhad’s (CIMB Bank) up to RM4.0 billion Nominal Value Non-Innovative Tier 1 Stapled Securities (Stapled Securities) Programme. The rating carries a stable outlook. The funding programme entails issuance of Stapled Securities comprising non-cumulative perpetual capital securities (Capital Securities) issued by CIMB Bank stapled to an equivalent ...

MARC has affirmed its AA-ID(cg) rating on KMCOB Capital Berhad’s (KMCOB Capital) RM630.0 million Murabahah Medium Term Notes (MMTN) facility. At the same time, MARC has revised the outlook on the rating to negative from stable. KMCOB Capital is an indirect wholly-owned subsidiary of Scomi Oilfield Limited (SOL), the investment holding company of Scomi Group Berhad’s (Scomi) oilfield se...

MARC has affirmed its ratings of MARC-2ID  / AID on Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Papers / Medium Term Notes (Islamic CP/MTN) Programme. The ratings carry a stable outlook. The affirmed ratings reflect Symphony’s dominance in the domestic market position in providing outsourced business process, the positive growth prospects of its business ...

Leader Universal Holdings Berhad’s (Leader) rating on its RM150.0 million Murabahah Medium Term Notes Issuance Programme has been affirmed at AID. The affirmed rating reflects Leader’s status as the market leader in the highly competitive cable and wire industry, the relatively stable profit contribution from its power generation business and its improving gearing levels. These factors...

MARC has affirmed Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme ratings of MARC-1ID /AA-ID. Concurrently, MARC has revised the rating outlook to developing from stable to reflect SYABAS’ increased risk of lower-than-expected tariffs and early termination of its water distribution concession agreement (CA)....

MARC has affirmed its MARC-1ID / A+ID ratings on Weida (M) Bhd’s RM100 Million Murabahah Underwritten Notes Issuance / Islamic Medium Term Notes Facility. The rating outlook remains stable. The rating reflects Weida’s competitive position as a fully-integrated leading provider of water- and wastewater-infrastructure products and services, particularly in East Malaysia, its proven track...