MARC has reaffirmed the ratings of CapOne Bhd’s (CapOne) RM600.0 million super senior class A-1 bonds  and RM250.0 million senior class A-2 bonds at AAA; RM50.0 million mezzanine bonds at AA and downgraded the rating of the RM100.0 million subordinated secured bonds to B from BB- respectively. The lowered rating on the subordinated bonds reflects a new obligor default and further deteri...

MARC has reaffirmed its AAAID /MARC-1ID ratings on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt issuances. The facilities affected by this rating action are: RM765 million Bai Bithaman Ajil (BBA) Bonds Issuance Facility (due 2010)RM570 million BBA Bonds Issuance Facility (due 2013)RM850 million BBA Bonds Issuance Facility (due 2013)RM850 million BBA Serial Bonds Issuance Facility (due 201...

MARC has assigned MARC-1/A+ and A+ ratings to Radicare (M) Sdn Bhd’s (Radicare) RM100.0 million Commercial Papers/Medium Term Notes (CP/MTN) and RM50.0 million Medium Term Notes (MTN) facilities respectively. The ratings carry a stable outlook. The ratings reflect the credit quality of the receivables securing the notes, a 1.20 times security cover of the amount issued under the CP/MTN facil...

MARC has reaffirmed its ratings on Bayu Padu Sdn Bhd’s (Bayu Padu) RM500 million Istisna’ Serial Bonds (Istisna’ Bonds) and RM100 million Murabahah Commercial Papers/ Medium Term Notes (MCP/MMTN) (cumulatively, Islamic debt facilities) at A+ID and MARC-1ID/A+ID respectively. The outlook on the ratings is stable. Bayu Padu is a wholly-owned subsidiary of SapuraCrest Petroleum Berh...

MARC has affirmed AmInvestment Bank Berhad’s (AmInvestment) financial institution ratings of AA-/MARC-1. The outlook of the ratings is stable. The affirmed ratings acknowledges AmInvestment’s sustainable franchise value, stable asset quality, high operating efficiency and sound risk management practices, as well as the very competitive environment for investment banking. The ratings in...

MARC has reaffirmed the AAAID rating on Midciti’s 8 to 12-year Secured Bai Al-Dayn Bonds with a nominal value of up to RM1,605 million (Serial Bonds) and the AAA(s) rating on its 13-year Bonds with a nominal value of up to RM1,315 million.The reaffirmed ratings and the stable ratings outlook reflect the credit strength of PETRONAS, the head lessee of the PETRONAS Twin Towers (Tower 1 and Tow...

MARC has reaffirmed its rating on SAJ Holdings Sdn Bhd’s (‘SAJH’) RM1.28 billion Bai Bithaman Ajil Islamic Debt Securities (BaIDS) at AA- ID with a stable outlook. The rating is premised upon SAJH’s dominant position as the sole distributor of treated water in the State of Johor; robust water demand; improved financial performance in FY2007; low operating risk and improved ...

MARC has reaffirmed the rating of Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic Medium Term Notes Programme (IMTN) at AA- ID. The outlook on the rating has been revised to positive from stable. The positive outlook reflects the ongoing rationalisation within the Group’s corporate structure and a possible change in its ownership structure. It also reflects M...

MARC has reaffirmed the ratings of Transshipment Megahub Berhad’s (TMB) RM1,095.0 million fixed rate serial bonds and up to RM360.0 million Commercial Papers/Medium Term Notes (CP/MTN) programme at AAA and AAA/MARC-1, respectively.  The ratings carry a stable outlook.TMB is a financing vehicle wholly owned by Kuala Dimensi Sdn Bhd (KDSB), incorporated solely for the purpose of issuing t...

MARC has upgraded KNM Capital Sdn Bhd’s (KNMC) long-term rating from A+ID  to AA-ID, and reaffirmed its short-term rating at MARC-1 with respect to KNMC’s RM300.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium Term Notes (MUNIF/IMTN). The rating carries a stable outlook.  KNMC is a wholly-owned subsidiary of KNM Group Berhad (KNM) and serves as the Gr...