MARC has affirmed its MARC-1ID /AID ratings on Delloyd Ventures Berhad’s (‘Delloyd’ or ‘the Group’) RM100 million Islamic Commercial Papers / Medium Term Notes (CP/MTN) Programme with a stable outlook. The affirmed ratings reflect Delloyd’s favourable competitive position in auto part product segments which have demonstrated a fair degree of resilience in a rece...

MARC has affirmed its MARC-1ID short-term and AID long-term ratings on Delloyd Ventures Berhad’s (‘Delloyd’) RM100 million Islamic Commercial Papers / Medium Term Notes (CP/MTN) Programme. Concurrently, the rating outlook has been revised to stable from developing. The outlook revision incorporates reduced execution risk in its plantation operation in Indonesia following a succes...

Major Rating FactorsStrengths Tier One auto parts vendor with wide product range for national and foreign marques;Increased regional presence, particularly in Thailand and Indian markets; andLow gearing with sizeable unutilized banking facilities. Challenges/RisksHeavy reliance on sales of national automakers, PROTON and PERODUA;Stiff competition in the domestic automotive industry, and consequent...

The short and long-term ratings of Delloyd Ventures Berhad’s (“Delloyd” or the “Group”) RM100 million Islamic CP/MTN Programme at MARC-1ID/A+ID respectively reflect Delloyd’s strengthening financials against the backdrop of firm market leadership with regard to the Group’s automotive components and parts manufacturing business. Factors which may contribute...