MARC has upgraded Degem Berhad’s (DeGem) short-term rating and affirmed the long-term rating for its RM50.0 million Murabahah Partially Underwritten Notes Issuance Facility / Islamic Medium Term Notes (MUNIF/IMTN) at MARC-1ID /AID. The ratings carry a stable outlook. The upgrade of the short-term rating reflects increased consideration given to industry and company-specific liquidity charact...

MARC has downgraded the long-term rating of DeGem Berhad’s (DeGem) RM50.0 million MUNIF/IMTN from A+ID to AID with a stable outlook and re-affirmed its short-term rating at MARC-2ID. The downgrade reflects the group’s potential decline in competitive position and loss of future earnings subsequent to the disposal of its gold business to PYT Gem Trade Sdn Bhd which leads to an eventua...

DeGem Berhad’s (DeGem) RM50.0 million MUNIF/IMTN programme has been reaffirmed at MARC-2ID/A+ID reflecting the Group’s proven track record as one of the leading jewellers in Malaysia. The ratings are also supported by DeGem’s better than average financial profile characterised by its low debt leverage and favourable liquidity profile. Moderating rating factors include the inher...

DeGem Berhad’s (DeGem) short/long-term ratings of MARC-2ID/A+ID on its proposed RM50.0 million MUNIF/IMTN programme reflect the Group’s proven track record as one the leading jewellers in Malaysia. The ratings also took into consideration DeGem’s better than average financial profile characterised by its low gearing and favourable liquidity profile. Moderating factors include ...