MARC has affirmed the long-term rating of A+ID for KNM Group Berhad’s (KNM) RM1.1 billion Islamic Medium Term Notes (IMTN) programme and the short-term rating of MARC-1ID for KNM’s RM400.0 million Islamic Commercial Paper (ICP) programme. The outlook of the ratings is revised to negative from developing.The affirmed ratings are based on the good competitive position and operating profi...

MARC has downgraded the long-term rating to A+ID from AA-ID of KNM Group Berhad’s (KNM) RM1.1 billion Islamic Medium Term Notes (IMTN) Programme and concurrently affirms the short-term rating at MARC-1ID for KNM’s RM400.0 million Islamic Commercial Paper (ICP) Programme. The outlook of the ratings has been revised to developing from stable. Currently there are no notes issued under the...

MARC has assigned ratings of MARC-1ID and AA-ID on KNM Group Berhad’s (KNM) up to RM400 million Islamic Commercial Paper Programme (ICP Programme) and up to RM1.1 billion Islamic Medium Term Note Programme (IMTN Programme) respectively. The outlook on the long-term rating is stable. KNM’s ratings reflect the group’s strong market position, well-diversified product offerings and g...

MARC has reaffirmed, with Positive Outlook, the ratings of A+ID/MARC-1ID on KNM Group Bhd’s (KNM) RM150.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium Term Notes (MUNIF/IMTN). The ratings are premised upon KNM’s strong competitive position as one of the largest manufacturer of process equipment in the region; growing international exposure, access to high t...

The short term rating for KNM Group Berhad’s (KNM) RM150 Million Murabahah Underwritten Notes Issuance Facility (MUNIF)/ Islamic Medium Term Notes (IMTN) has been upgraded to MARC-1ID whilst its long term rating has been affirmed at A+ID. The ratings reflect the group’s increasing order book underpinned by strong demand for process equipment in the oil and gas industry; the group&rsq...

The ratings reflect KNM Group Berhad’s (KNM) competitive position as one of the largest domestic manufacturer of process equipments and its steady revenue growth. The ratings, however, are moderated by the company’s high working capital requirements due to the nature of its projects. KNM is an investment holding company with subsidiaries principally involved in the design, manufactu...