MARC has affirmed its AAA(fg) rating on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320.0 million with a stable outlook. The rating and outlook reflect the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1. As at e...

MARC has affirmed its AAA(fg) rating on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320.0 million with a stable outlook. The rating and outlook reflect the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1. As at e...

MARC has affirmed its AAA(fg) rating on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320 million with a stable outlook. The rating and outlook are premised on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA/stable. KMCOB is the funding vehicle of its...

MARC has affirmed its rating of AAA(fg) on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds (Guaranteed Serial Bonds) of up to RM320 million with a stable outlook. The rating and outlook are premised on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA/stable. As t...

MARC has assigned a rating of AAA(fg) to KMCOB Capital Berhad’s (KMCOB) proposed guaranteed serial bonds of up to RM320 million (Guaranteed Serial Bonds) with a stable outlook. The assigned rating and outlook reflect an unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin) for the Guaranteed Serial Bonds. MARC currently rates Danajamin at AAA/sta...

MARC has affirmed its rating on KMCOB Capital Bhd's (KMCOB) RM343.1 million Sukuk Murabahah Medium Term Notes Programme of A+IS(CG) and revised its rating outlook to negative from stable.KMCOB is the funding vehicle of the Scomi Oilfield Limited (SOL) group. The sukuk benefits from a corporate guarantee from Scomi Oiltools Bermuda Limited (Scomi Oiltools), the present immediate holding company of ...

MARC has assigned a rating of A+IS(cg) to KMCOB Capital Berhad's (KMCOB) proposed RM343.1 million Sukuk Murabahah Medium Term Notes (Sukuk Murabahah) programme with a stable outlook pending final documentation review. The proposed facility has the benefit of corporate guarantees from Scomi Oiltools and its existing and future principal subsidiaries and the listed entity that may be incorporated to...

MARC lowered its issue rating on funding vehicle KMCOB Capital Berhad's (KMCOB) RM630 million Murabahah Medium Term Notes to A+ID(cg) from AA-ID(cg).  The rating was removed from MARCWatch, where it was placed with negative implications on July 27, 2011. MARC also lowered its issue rating on ultimate parent Scomi Group Bhd’s (Scomi) RM500 million Medium Term Notes Programme to A+ from A...

MARC has affirmed its AA-ID(CG) rating on KMCOB Capital Berhad's (KMCOB) RM630 million Murabahah Medium Term Notes and revised its rating outlook to negative from stable. KMCOB is ultimately held by Scomi Group Bhd (Scomi) through 76%-owned subsidiary Scomi Oilfield Limited (SOL). SOL has guaranteed the obligations of KMCOB under the rated facility. The rating action is concurrent with MARC's affi...

MARC has removed KMCOB Capital Berhad’s (KMCOB) RM630 million Murabahah Medium Term Notes (MTNs) from MARCWatch Developing.  At the same time, MARC has affirmed its AA-ID(CG) debt rating on KMCOB with a Stable outlook following the recent completion of Scomi Oilfield Limited’s (SOL) debt rationalisation exercise. KMCOB Capital is a funding vehicle for SOL, and the MTNs are ultimat...