Evermaster Group Berhad’s (EGB) rating has been affirmed at AID, in view of its expanding activities into government-related construction works and its high operational integration with regard to the wood-based activities supported by its long operating track record. Moderating factor to the rating is the Group’s exposure to cyclical developments in the timber/wood-based industry and...

The affirmation of Glomac Berhad’s (“Glomac”) ratings reflects the company’s established position as a reputable property developer in the Klang Valley; its strong financial performance coupled with a promising cashflow generating capacity and the impressive performance of its Aman Suria Damansara (“Aman Suria”) and Saujana Utama projects. The moderating facto...

MARC has reaffirmed the rating of MARC-4ID assigned to Pembangunan Brisdale Sdn Bhd’s (PBSB) RM55 million Murabahah Notes Issuance Facility (MUNIF). The rating reaffirmation is based on PBSB’s request for the notes outstanding under the MUNIF programme expiring on 30 August 2004 to be restructured so as to vary some of the terms under the original principal terms and conditions. The ...

MTD Prime Sdn Bhd’s (MTD Prime) Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) rating is reaffirmed at AA-ID. This reflects the continuous traffic growth at the KL – Karak Highway being above the Government’s guaranteed traffic volume; and the strength of the company’s financial profile underpinned by the strong revenue growth.MTD Prime is the concession holder of t...

MARC has reaffirmed the long term and short term ratings on Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) CP/MTN at AAID/MARC-1. The ratings reflect GDC KLIA’s captive offtake demand for its chilled water and electricity, strong shareholder support, consistent financial performance reflected by improving debt leverage position and robust profit margin. GDC KLIA operates and mainta...

Reliance Pacific Berhad’s (RPB) rating is reaffirmed at BBB+ reflecting the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and established brand name; coupled with improving sentiments in the travel and tourism industry. The rating, however, continues to be moderated by the group’s weak cash flow position and...

Following the uplift of the negative outlook, the reaffirmation of the ratings on Puncak Niaga (M) Sdn Bhd’s (PNSB) RM1,020 million Bai Bithaman Ajil Islamic Debt Securities, RM350 million Murabahah Commercial Papers/Medium Term Notes and RM546.875 million Junior Notes A reflects the Federal Government’s assistance in the partial settlement of the long outstanding trade receivables o...

MARC has reaffirmed the long term rating of A on Puncak Niaga Holdings Berhad’s (PNHB) RM546.875 million Redeemable Unconvertible Junior Notes (RUN) with detachable warrants. The rating is similar to the rating of Puncak Niaga (M) Sdn Bhd’s Junior Notes A (A notes), which has also been reaffirmed. The rating reaffirmation is a reflection of the perfected security interest of the RUN ...

MARC has reaffirmed the rating of KLSSB’s tranches 2A, 2B, 3, 4A & 4B BaIDS totaling RM800 million at AID(s), reflecting the support provided by Bank Pembangunan & Infrastruktur Malaysia Berhad (BPIMB) by way of a standby revolving credit facility. The Tranche 1 BaIDS was fully settled in April 2004.Kuala Lumpur Sentral’s commercial development is divided into four phases. As...

MARC has assigned a rating of AAA(s)ID (AAA Support, Islamic Debt) to Sarawak Specialist Hospital & Medical Centre Sdn Bhd’s (SSHMC) Istisna’ Serial Bonds (Bonds). The rating reflects the AAA rating of the Sarawak State Government as the principal and profit payments of the Bonds will be satisfied via proceeds of share subscription payments as evidenced by the back-to-back Redee...