MARC has upgraded its rating on Tele-Flow Capital Sdn Bhd‘s (Tele-Flow Capital) RM10.0 million Junior Islamic Medium Term Notes (IMTN) Facility (Junior Notes) to AAID from AA-ID. The rating outlook is stable. The rating action affects the RM5 million outstanding Junior Notes as at end-September 2013. The rating upgrade follows the elimination of the structural subordination of the Junior Not...

MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. The rating action affects RM225 million of outstanding notes issued under the programme.Pinnacle Tower is a wholly-owned special purpose funding vehicle of Sacofa Sd...

MARC affirms the ratings of Serrisa Sinar Bhd’s (Serrisa Sinar) RM200 million Islamic commercial papers/Islamic Medium Term Notes (ICP/IMTN) (Senior Notes) and RM20 million Junior IMTN (Junior Notes) at MARC-1ID / AAID and AA-ID  respectively. The outlook of the ratings is stable. The rating of the Junior Notes reflects its subordination to the Senior Notes in respect of profit payment ...

MARC has affirmed its AAA insurer financial strength (IFS) rating on Danajamin Nasional Berhad (Danajamin) with a stable outlook. The affirmed IFS rating continues to reflect Danajamin’s status as a government-sponsored and owned financial guarantee insurer (FGI) and perceived high support from the government in view of its public policy objective of facilitating greater corporate access to ...

MARC has affirmed its ratings of MARC-2ID /AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme. The rating outlook is revised to stable from negative. The rating action affects the last two outstanding tranches of RM10 million Islamic MTNs which will mature on May 24, 2013 and July 19, 2013. The outlook revision reflects MAR...

MARC has affirmed its ratings of MARC-1ID /AAID on Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90 million Murabahah Underwritten Notes Issuance (MUNIF)/Islamic Medium Term Notes (IMTN) Facility (Senior Notes) and concurrently upgraded the rating on the RM10 million Junior IMTN Facility (Junior Notes) to AA-ID from A+ID. The outlook on the ratings is stable. The rating action affects RM...

MARC has affirmed the rating of Serrisa Sinar Bhd’s (Serrisa Sinar) RM200 million Islamic commercial papers/Islamic medium term notes (ICP/IMTN) (Senior Notes) at MARC-1ID / AAID and upgraded the rating of its RM20 million Junior IMTN (Junior Notes) to AA-ID. The ratings outlook is stable. The rating action affects RM75 million of outstanding notes issued under the programme comprising RM70 ...

MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. The rating action affects RM285 million of outstanding notes issued under the programme.Pinnacle Tower is a wholly-owned special purpose funding vehicle of Sacofa Sd...

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 and revised the outlook to negative from stable. The rating action affects RM20 million of outstanding IMTNs.The outlook revision reflects the slower-than-expected pace of recovery in Symphony's operating performance and its fina...

MARC has affirmed its AAA insurer financial strength (IFS) rating on Danajamin Nasional Berhad (Danajamin) with a stable outlook. The affirmed rating reflects Danajamin’s strong capital resources and claims-paying resources relative to its risk exposure, and its status as a government-sponsored financial guarantee insurer (FGI). The IFS rating is driven by MARC’s perception of high sup...