MARC has affirmed the rating of AAAIS(fg) on Symphony Life Berhad’s (Symphony Life) RM230 million  seven-year Islamic Medium Term Notes (IMTN) Programme with a stable outlook. The affirmed rating and outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) on the IMTN Programme. MARC currently rates Danajamin at AAA/...

MARC has affirmed its AAAID and AAAIS ratings on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt issuances as follows:-    (i)   RM3.0 billion Sukuk Musharakah Programme (due 2032)   (ii)  RM1.5 billion Sukuk Musharakah Medium Term Notes (MTN) Programme (due 2033)   (iii) RM1.5 billion Murabahah Notes Issuance Facility (MUNIF) (due 2015) ...

MARC has affirmed its ratings on MRCB Sentral Properties Sdn Bhd’s (MRCB Sentral) outstanding RM400 million Commercial Papers/Medium Term Notes (CP/MTN) Programme at MARC-1(fg)/AAA(fg) with a stable outlook. The affirmed ratings and outlook are underpinned by an unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin) for the CP/MTN Programme. ...

MARC has affirmed its rating on Trinity Corporation Berhad’s (Trinity) outstanding RM92.8 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDs) at B-ID. The outlook is revised to stable from negative. The affirmed rating reflects Trinity’s weak business and financial profile arising from the group’s restricted ability to undertake new development projects and its co...

MARC has affirmed its ratings on LBS Bina Group Bhd’s (LBS Bina) RM135 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) Programme at MARC-1IS(fg) /AAAIS(fg) with a stable outlook. The affirmed ratings and outlook are underpinned by an irrevocable and unconditional Kafalah Guarantee provided by financial guarantee institution Danajamin Nasional Berhad (Danajamin) in rela...

MARC has assigned a rating of AAAIS to Midciti Sukuk Berhad's (MSB) RM880 million Islamic Medium Term Notes Programme (Sukuk Programme). The outlook on the rating is stable. MSB’s RM880 million Sukuk Programme represents a novation of Midciti Resources Sdn Bhd’s (Midciti Resources) former IMTN programme of the same amount; the outstanding sukuk novated under the rated programme amounts...

MARC has affirmed the following long-term ratings on Special Coral Sdn Bhd’s (Special Coral) RM300 million Senior Class and RM800 million Subordinated Class Medium Term Notes (MTNs) under its RM1.1 billion MTN Programme:Programme  sizeIssued amountRatingOutlookSenior Class MTNs1.Class ARM160 millionRM160 millionAAAStable2.Class BRM40 millionRM40 millionAAStable3.Class CRM35 million-ASta...

MARC has assigned ratings of AAA and AA to Inverfin Sdn Bhd’s (Inverfin) RM185.0 million Tranche A notes and RM15.0 million Tranche B notes respectively. The notes are to be issued under Inverfin’s RM200.0 million Medium Term Notes (MTN) Programme. The outlook on the ratings is stable.The notes are structured on an interest-only basis and backed by the collateral property, the 50-store...

MARC has affirmed its rating of AAA(fg) on Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium Term Notes (MTN) programme with a stable outlook. The rating reflects the unconditional and irrevocable financial insurer guarantee provided by Danajamin Nasional Berhad (Danajamin). Danajamin is rated by MARC at AAA/Stable based on the financial insurer’s strong capital position and claims-...

MARC has affirmed its AAAID(bg) and MARC-1ID(s) ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium Term Notes (IMTN) Programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million respectively. The ratings carry a stable outlook. Horizon Hills is jointly-owned by UEM Land Berhad (UEM Land) and Gamuda Berhad (Gam...