MARC has affirmed the AA- ID (cg) rating on KMCOB Capital Berhad’s (“KMCOB Capital”) RM630.0 million Murabahah Medium Term Notes (“MMTN”) facility. The outlook for the rating is stable. KMCOB Capital is an indirect wholly-owned subsidiary of Scomi Oilfields Limited (“SOL”), the investment holding company of Scomi Group Bhd’s (“Scomi”) oil...

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 reaffirmed the short and long term ratings of Mines Resort Berhad’s (MRB) Bank Guaranteed Commercial Papers and Bank Guaranteed Serial Bonds at MARC-1(bg) and AAA(bg) respectively. The reaffirmed ratings reflect the strength of an unconditional and irrevocable guarantee provided by Malayan Banking Berhad (Maybank). The stable ratings outlook mirrors that of Maybank’s public in...

The rating of AAAID (Islamic Debt) assigned to MISC Berhad’s (“MISC” or “the Group”) up to RM2.5 billion Islamic Medium Term Notes (“MTN”) Programme reflects the Group’s solid operating fundamentals; its dominant position in the Malaysian shipping industry particularly the liquefied natural gas (“LNG”) segment; extended geographic footpri...

MARC has assigned ratings of AAAID(cg)/MARC-1ID(cg) to Tesco Stores (Malaysia) Sdn Bhd’s (“Tesco Malaysia”) Proposed Islamic Notes Issuance Programme and AAA(cg)/MARC-1(cg) to Tesco Malaysia’s Proposed Conventional Notes Issuance Programme with a combined limit of RM3.5 billion. The ratings are underpinned by guarantees extended by Tesco PLC to Tesco Malaysia’s ...

MARC reaffirmed a rating of A (A Flat) to Haisan Resources Berhad (HRB)’s RM30 million bonds with a Developing Outlook; reflecting its strong competitive position in the refrigeration and ice industry and good geographic diversity as well as the assignment of specific contract proceeds towards redemption of the bonds. The rating is however moderated by its weak profitability measures, high d...

MARC has affirmed the long term rating of Medi Innovation Sdn Bhd’s (MISB) RM100 million Islamic Medium Term Notes Issuance Facility (IMTN facility) at AID and the short and long term ratings of its RM50 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) at MARC-2ID /AID with a Stable Outlook. The ratings of MISB reflect the compet...

MARC has affirmed the rating of A+ with stable outlook to Petra Perdana Berhad’s (Petra) issuance of up to equivalent RM800 million Dual Currency Revolving Financing Facility comprising RM400 million Nominal Value Secured Serial Bonds (“Bonds”) under Tranche 1 and up to RM400 million Dual Currency Revolving Financing Facility under Tranche 2. The rating reflects the Group’s...

MARC has reaffirmed the ratings of Sime Darby Berhad’s (Sime Darby) RM1,500 million Al-Murabahah Commercial Papers/ Medium Term Notes (MCP/MMTN) Programme at MARC-1ID/AAAID. The outlook of the ratings has been revised from stable to developing. The ratings reflect the strong financial condition of the Group characterised by a profitability record that is high by domestic standards which, in ...

MARC has assigned ratings of A+ID / MARC-2ID to Capable Aspect Sdn Bhd’s (CASB) proposed issuance of up to RM40 million Islamic Medium Term Notes Issuance Facility/ Murabahah Underwritten Notes Issuance Facility (‘IMTN/MUNIF) respectively. The ratings carry a stable outlook. The ratings for CASB, a holding company, principally reflect the projected financial and credit profile of Sinag...