MARC has affirmed its MARC-1/AA ratings on non-operating financial holding company Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium-Term Notes (CP/MTN) programme with a stable outlook. The affirmed ratings are underpinned by the favourable financial strength and established domestic market position of HLFG’s key subsidiary, commercial bank Hong Leong Bank ...

MARC has affirmed its AAA financial institution rating on Bank Pembangunan Malaysia Berhad (Bank Pembangunan) and MARC-1ID / MARC-1 programme ratings on the bank’s Islamic and/or Conventional Commercial Papers (CP) Programme of up to RM2.0 billion with a stable outlook.  The ratings reflect the support from the Government of Malaysia to Bank Pembangunan stemming from the bank’s st...

MARC has affirmed its AAA/MARC-1 financial institution (FI) ratings on Maybank Islamic Berhad (Maybank Islamic) and AA+IS rating on Maybank Islamic’s RM1.0 billion Islamic Subordinated Sukuk (Subordinated Sukuk). The rating outlook is stable. The Subordinated Sukuk qualifies as Tier-2 capital and is rated one notch lower than the bank’s FI rating in accordance with MARC’s notchin...

MARC has affirmed Malayan Banking Berhad’s (Maybank) long-term and short-term financial institution ratings of AAA /MARC-1 with a stable outlook. The ratings primarily reflect Maybank’s core commercial banking franchise whose sizeable domestic operations, sound asset quality measures, stable funding structure as well as resilient earnings generation continue to underpin the group&rsquo...

MARC has affirmed its ratings of AAA/AAAID on The Export-Import Bank of Korea’s (KEXIM) Conventional and/or Islamic Medium Term Notes (MTN) programme with a combined nominal value of RM3.0 billion and AAA on KEXIM’s RM1.0 billion MTN programme. The outlook for all the ratings is stable. The affirmed ratings incorporate support uplift from the government of the Republic of Korea (South ...

MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on The Bank of East Asia, Limited (BEA), Hong Kong. The outlook on the ratings is stable. The affirmed ratings and outlook are based on MARC’s assessment of the bank’s capacity to meet its financial obligations on the Malaysian national rating scale. MARC considers BEA’s well-established ba...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (South Korea) and systemic importance in South Korea as well as its stable funding and liquidity profiles and sound capitalisation. MARC rates the notes at the same level as Sout...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The affirmed rating incorporates systemic support uplift from the institution’s standalone credit strength based on CGC’s public policy role to facilitate access to financing for small- and medium-enterprises (SME) and its majority ownership by the government via the central ban...

MARC has affirmed the long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee and Investment Facility (CGIF or Facility) with a stable outlook. The affirmed ratings reflect CGIF’s strong capital position and claims paying resources relative to its risk exposure, its sound leverage policy and traction gained in the ASEAN local currency and regional bond markets ...

MARC has affirmed its long-term and short-term financial institution ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The affirmed ratings reflect KAF Investment’s strong capital adequacy position, prudent risk management, and comfortable levels of liquidity. The ratings are moderated by the investment bank’s earning and funding profile. The outlook on the rat...