MARC has reaffirmed the MARC-4ID rating of Pembangunan Brisdale Sdn Bhd’s (PBSB) RM55 million Murabahah Notes Issuance Facility (MUNIF). Concurrently, the rating has been placed on MARCWatch with a Developing Outlook. The rating reflects the weak sentiment towards the property development at Bandar Armada Putra which consequently resulted in the company’s weak financial position. The...

MARC has reaffirmed the rating of MARC-4ID assigned to Pembangunan Brisdale Sdn Bhd’s (PBSB) RM55 million Murabahah Notes Issuance Facility (MUNIF). The rating reaffirmation is based on PBSB’s request for the notes outstanding under the MUNIF programme expiring on 30 August 2004 to be restructured so as to vary some of the terms under the original principal terms and conditions. The ...