MARC has affirmed its short-term and long-term ratings on MRCB Sentral Properties Sdn Bhd’s (MRCB Sentral) RM400 million Commercial Papers/Medium Term Notes (CP/MTN) Programme at MARC-1(fg)/AAA(fg) with a stable outlook. The rating action affects RM400 million of outstanding notes issued under the programme. The affirmed ratings and outlook are underpinned by an unconditional and irrevocable...

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 stable outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the Programme. MA...

MARC has lifted the suspension of its rating of B+ID on Trinity Corporation Berhad’s (Trinity) outstanding RM95.1 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDS) and placed the rating on MARCWatch Negative.Since MARC announced the suspension of Trinity’s rating on February 27, 2012, the rating agency has received pertinent information on Trinity from the company&rsq...

MARC has affirmed its rating of AAAIS(fg) on 1 Warisan Sdn Bhd’s (1 Warisan) RM170.0 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) in relation to the IMTN Programme. MARC currently rates Danajamin’...

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 (MTN) under its RM1.1 billion MTN Programme:Medium Term Notes Programme                  Issue size     ...

MARC has affirmed its rating of AAAIS on special purpose vehicle Aman Sukuk Berhad’s (Aman) Islamic Medium Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The rating affirmation reflects the credit of the Government of Malaysia (GoM) as the single obligor and sublessee which will make contractual sublease rental payments under irrevocable sublease agreements betwee...

MARC has affirmed its 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 at AAAID(bg) and MARC-1ID(s) respectively. The IMTN programme is unconditionally and irrevocably guaranteed by Public Bank Berhad. The AAA rating on the IMTN p...

MARC has affirmed its AAIS rating with a stable outlook on Diversified Venue Sdn Bhd’s (DVSB) RM200 million Sukuk Al-Ijarah Master Programme. The rating affirmation is premised on the credit strength of UEM Group Berhad (UEM) which provides liquidity support to the sale-and-leaseback transaction undertaken by DVSB and First Impact Sdn Bhd (FISB), a wholly-owned subsidiary of UEM. In addition...

MARC has affirmed its AAAID /MARC-1ID and AAAIS ratings on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt issuances as follows:- RM570 million Bai Bithaman Ajil (BBA) Bonds Issuance Facility (due 2013) RM850 million BBA Bonds Issuance Facility (due 2013) RM850 million BBA Serial Bonds Issuance Facility (due 2015) RM1.5 billion Murabahah Notes Issuance (MUNIF) Facility (due 2015)RM2.2 billio...

MARC has assigned a rating of AAA(fg) to Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million proposed guaranteed medium term notes (MTN) programme with a stable outlook.The rating is based on the full, unconditional and irrevocable guarantee provided by AAA rated financial guarantee insurer (FGI) Danajamin Nasional Berhad (Danajamin) and reflects the FGI's strong capital position and claims-paying...