Credit Analysis Reports
Displaying 31-40 of 2450 results.
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Rating action          MARC Ratings has affirmed its rating of AAAIS(bg)  rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme guaranteed by Bank Pembangunan Malaysia Berhad (BPMB) with a stable outlook. The affirmed rating and outlook are based on MARC Ratings’ assessment of the credit strength of BPMB (AAA/Stable).Ratio...


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Rating action           MARC Ratings has affirmed its public information sovereign rating of AAA/Stable on Malaysia, based on its national rating scale. Rationale    The rating reflects the country’s credit strengths, including a competitive and diversified economy that has maintained a relatively steady growth trajectory. For 2023, Malaysia...


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Popularity: 94 views 18 downloads
Rating action              MARC Ratings has affirmed its AA-IS rating on AZRB Capital Sdn Bhd’s (ACSB) issuance of RM535.0 million Islamic Medium-Term Notes (Sukuk Murabahah) with a stable outlook. The outstanding under the programme is RM435 million as at end-October 2023.Rationale   ACSB is a funding vehicle for Ahmad Zaki Resources Berhad (AZR...


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Rating action           MARC Ratings has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Islamic Investors Berhad (KIIB). Rationale        The rating reflects KIIB’s well-established investment management process, supported by a prudent risk management framework that is sufficient for its relatively small size. KII...


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Rating action           MARC Ratings has affirmed its investment manager rating of IMR-2 on Kenanga Investors Berhad (KIB).      Rationale     The rating primarily reflects KIB’s well-established investment management process, sound risk management practices and strong operating track record. These attributes are tempered by its re...


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Popularity: 111 views 10 downloads
Rating action           MARC Ratings has affirmed its financial institution (FI) ratings of A+/MARC-1 on Kenanga Investment Bank Berhad (Kenanga) with a stable outlook.      Rationale      The ratings reflect Kenanga’s strong market position and lengthy experience in the domestic stockbroking industry. The ratings further consider ...


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Popularity: 133 views 22 downloads
Rating action          MARC Ratings has assigned a corporate credit rating of AA- to Orkim Sdn Bhd with a stable outlook.RationaleThe rating reflects Orkim’s leadership position in the domestic clean petroleum product (CPP) tanker market, with an estimated 17% market share by fleet size as of June 2023 , its long track record of steady operating performance and earn...


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Popularity: 114 views 33 downloads
Rating action            MARC Ratings has revised its ratings outlook on DRB-HICOM Berhad’s Sukuk Programme of up to RM3.5 billion and Perpetual Sukuk Musharakah Programme of up to RM2.0 billion to positive from stable. Meanwhile, the ratings have been affirmed at A+IS and A-IS with the two-notch rating differential between the programmes reflecting the subordi...


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Rating action          MARC Ratings has upgraded Titijaya Land Berhad’s (Titijaya) RM150 million Islamic Commercial Papers (ICP) Programme short-term rating to MARC-1IS from MARC-2IS. RationaleThe rating upgrade reflects Titijaya’s stronger long-term credit profile, with improved business profile and healthier balance sheet, characterised by lower leverage an...


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Summary           Malaysia posted a firmer gross domestic product (GDP) print of 3.3% in 3Q2023 (2Q2023: 2.9%) in line with the advanced estimate, bolstered by private consumption which grew at a faster pace. The latest October trade data showed some nascent signs of recovery in the external sector, supported by an anticipated recovery in the Chinese economy and globa...


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