MARC has affirmed its rating of AA-IS on DRB-HICOM Berhad’s (DRB-HICOM) RM1.8 billion Islamic Medium Term Notes (IMTN) programme. Concurrently the rating outlook is revised to stable from negative. The outlook revision reflects MARC’s view that the negative pressure on DRB-HICOM’s credit metrics has eased as proceeds from a series of asset sales have been utilised to reduce group...

MARC has affirmed the rating of AA-IS on DRB-HICOM Berhad’s (DRB-HICOM) RM1.8 billion Islamic Medium Term Notes (IMTN) programme. The rating outlook is maintained at negative. The affirmed rating considers DRB-HICOM’s asset disposals which give the holding company moderate visibility as to its funding sources for debt servicing requirements over the next two years. MARC’s assessm...

MARC has revised its rating outlook on DRB-HICOM Berhad’s (DRB-HICOM or the Group) Islamic Debt Securities (IDS) to positive from developing. The outlook revision affects the following IDS facilities:-1.      RM200.0 million Underwritten Murabahah CP/MTN at A+ID /MARC-1ID ;2.      RM120.0 million Murabahah CP/MTN facilities at A+ID /MARC-1ID ...

MARC has downgraded the ratings of DRB-HICOM Berhad’s (DRB-HICOM or the Group) RM50.0 million Underwritten Murabahah CP/MTN and RM120.0 million Murabahah CP/MTN facilities from AA-ID/MARC-1ID to A+ID /MARC-1ID ; and RM680.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) from AA-ID to A+ID respectively with a stable outlook. The downgrades reflect the Group’s declini...

The corporate debt ratings assigned to DRB-Hicom Berhad (DRB or Group) reflects the Group’s diversified businesses, strong market position and presence in the local automotive industry and manageable gearing position.Incorporated in 1990 and listed on the Main Board of Bursa Malaysia since 1992, DRB is an industrial conglomerate with more than 50 companies involved in three main business s...