MARC has affirmed its MARC-1/AA- ratings on Sunway Berhad’s (Sunway) RM2.0 billion seven-year (2013-2020) Commercial Papers/Medium-Term Notes (CP/MTN) programme respectively. Concurrently, the rating agency affirmed its MARC-1IS(cg) /AA-IS(cg) ratings on Sunway Treasury Sukuk Sdn Bhd’s RM2.0 billion seven-year (2015-2022) Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) programm...

MARC has affirmed its AAA(fg) rating on TRIplc Ventures Sdn Bhd’s (TVSB) RM240 million Senior Medium-Term Notes (Senior MTN) Programme with a stable outlook. As at October 12, 2017, the total outstanding notes under the rated programme stood at RM200 million. The rating reflects the credit strength of an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) o...

MARC has assigned its rating of A+IS(s) to single-purpose company Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme (Sukuk Wakalah) of up to RM2.0 billion. Concurrently, MARC has also assigned its rating of AAAIS(fg) to PLSUKE’s proposed Danajamin-Guaranteed Facilities (Danajamin-Guaranteed Sukuk) of up to RM500.0 million (collectively the “Sukuk Programmes”...

MARC has affirmed Maybank Islamic Berhad’s (Maybank Islamic) long-term and short-term financial institution (FI) ratings of AAA and MARC-1 respectively with a stable outlook. The long-term FI rating of Maybank Islamic has been equalised to that of its parent Malayan Banking Berhad (Maybank) based on the former’s significance as the Islamic banking arm of Maybank group, underpinned by sha...

MARC has affirmed its financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA / MARC-1 with a stable outlook. Concurrently, MARC has affirmed its corporate debt ratings on CIMB Bank’s existing subordinated debt and hybrid securities, which have been notched down from the bank’s FI ratings by one or two notches based on their relative loss severity risk profiles. The full lis...

MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and accordingly affirmed its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and i...

MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) rating at AAA / MARC-1. Concurrently, MARC has affirmed its rating of AA+IS on CIMB Islamic’s RM5.0 billion Basel III-compliant Tier 2 Junior Sukuk Programme and RM2.0 billion Tier 2 Junior Sukuk Programme. The one-notch rating differential between the two ratings is in accordance with MARC’s methodology....

MARC has affirmed its AAAIS(fg) rating on Sarawak-based investment holding company Senari Synergy Sdn Bhd’s (Senari Synergy) RM380 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating and outlook hinge on an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the IMTN obligations. Danajamin carries a financial insurer rati...

MARC has affirmed its rating of AA- on Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million. The rating carries a stable outlook. CISB is the owner of the AEON Klebang shopping mall in Ipoh. The affirmed rating reflects the credit strength of AEON Co (M) Berhad (AEON), which, as the principal lessee of the AEON Klebang shopping mall, is making fixed lease re...

MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently affirmed its AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The outlook on the ratings is stable. The rating on Bank Muamalat’s Senior Sukuk programme is equalised to its long-term FI ratings based on the seniori...