MARC has assigned ratings of MARC-1IS /AA-IS to special purpose entity TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) proposed RM50.0 million Islamic Commercial Paper (ICP) and RM150.0 million Islamic Medium-Term Note (IMTN) programmes. The ratings carry a stable outlook. The proceeds from the issuances under the proposed programmes will be utilised by its parent company, TSH Resources Bhd (TSH)...

MARC has affirmed its rating of AAAIS(fg) on TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100.0 million Guaranteed Islamic Medium-Term Notes programme (Sukuk Musyarakah) with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) which carries MARC’s financial strength...

MARC has affirmed the ratings of MARC-1IS /AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM100.0 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk IMTN) programmes with a stable outlook. TSH Ijarah is a special purpose funding vehicle created to facilitate the issuance of the notes under the rated programmes for its parent company...

MARC has affirmed the following ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Plantation Capital) Islamic debt issuances of up to RM400 million:  AAAIS and AA+IS ratings on RM60.0 million Class A and RM30.0 million Class B asset-backed Sukuk Ijarah respectively; MARC-1ID(bg)/AAAID(bg) ratings on RM100.0 million Bank Guaranteed Murabahah Commercial Paper/Medium Term Notes (...

MARC has affirmed the ratings of MARC-1IS /AA-IS on special purpose vehicle TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM100 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and RM300 million Sukuk Ijarah Medium Term Notes (Sukuk IMTN) programmes with a stable outlook. As at February 28, 2014, TSH Ijarah has RM275 million outstanding notes. TSH Ijarah is a funding vehicle of Bursa Malaysia-li...

MARC has affirmed its rating of AAAIS(fg) on special purpose vehicle TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100 million Guaranteed Islamic Medium Term Notes programme (Sukuk Musyarakah) with a stable outlook. The affirmed rating and outlook reflect the unconditional and irrevocable financial insurance guarantee on the rated programme by Danajamin Nasional Berhad (Danajamin) on whi...

MARC has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Plantation Capital) asset-backed RM180.0 million Class A and RM30.0 million Class B Sukuk Ijarah (collectively the Sukuk) respectively with a stable outlook. Tradewinds Plantation Capital is a special purpose vehicle of Tradewinds Plantation Berhad (Tradewinds) incorporated to act as the fund...

 MARC has affirmed its AAAID rating on Kwantas SPV Sdn Bhd’s (Kwantas SPV) outstanding RM20.0 million Class A asset-backed Sukuk Ijarah and MARC-2ID(cg) /A-ID(cg) rating on Murabahah Commercial Papers/Medium Term Notes (CP/MTN) Programme of up to RM65.0 million. The outlook for the ratings is stable. The rating of the Murabahah CP/MTN Programme is equalised with Kwantas Corporation Berh...

MARC has affirmed its rating on TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100.0 million Islamic Medium Term Notes (IMTN) Programme at AAAIS(fg) with a stable outlook. The rating action affects outstanding notes of RM50.0 million issued under the rated programme.TSH Musyarakah is a special purpose funding vehicle created to facilitate the issuance of the notes under the rated programm...

MARC has affirmed its ratings on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM100.0 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and RM300.0 million Sukuk Ijarah Medium Term Notes (Sukuk IMTN) Programmes at MARC-1IS /AA-IS with a stable outlook. The rating action affects outstanding notes of RM300.0 million issued under the rated programmes.TSH Ijarah is a special purpose funding vehicle ...