Rating action                 MARC Ratings has upgraded Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme rating to AAIS from AA-IS and accordingly revised the rating outlook to stable from positive.RationaleEvyap Malaysia’s healthy operational and financial performance, and sustained strong credit metrics ...

Rating action                  MARC Ratings has affirmed its rating on Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme at AA-IS. Concurrently, the rating outlook has been revised to positive from stable. RationaleThe outlook revision reflects Evyap Malaysia’s ability to maintain healthy operating per...

Rating action        MARC Ratings has affirmed its rating of AA-IS on Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme with a stable outlook. The outstanding under the programme stood at RM300.0 million as at September 30, 2022.RationaleThe affirmed rating reflects Evyap Malaysia's vertically integrated oleochemical production facil...

Rating action        MARC has affirmed its rating of AA-IS on Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme with a stable outlook. RationaleThe rating is premised on Evyap Malaysia’s strong domestic market position in oleochemicals and its broadened customer base for both soap and oleochemical products, which provides earn...

MARC has assigned a final rating of  to AAIS Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) proposed RM500.0 million Sukuk Wakalah Programme with a stable outlook. Evyap Malaysia is a subsidiary of Turkey-based Evyap Group, a longstanding and a well-established personal care product manufacturer with a strong market presence in Turkey and Eastern Europe. It owns an...