Rating action     MARC Ratings has affirmed its AA-IS  rating on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. Rationale     The rating affirmation reflects MRCB’s longstanding track record as a property developer in transit-oriented developments (TOD). The...

Rating action     MARC has affirmed its AA-IS rating on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. As at end-May 2021, the programme has an outstanding sukuk of RM800 million.Rationale     The affirmed rating reflects MRCB’s well-established market position as ...

MARC has assigned a final rating of AA-IS to Malaysian Resources Corporation Berhad’s (MRCB) proposed Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook.The assigned rating incorporates MRCB’s established market position in property development, particularly in transit-oriented developments (TOD), that has benefitted from the support extended by ...