Rating action          MARC Ratings has affirmed its rating on Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM1.4 billion as of November 30, 2023.RationaleSD Property’s strong sales track record in well-establ...

Rating action          MARC Ratings has affirmed Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) rating at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM800.0 million as at end-November 2022.Rationale SD Property’s continued strong sales track record in its w...

Rating action     MARC has affirmed its AA+IS rating with a stable outlook on Sime Darby Property Berhad's (SD Property) Islamic Medium-Term Notes Programme of RM4.5 billion under the Shariah principle of Musharakah (Sukuk Musharakah Programme).Rationale     The key rating drivers are SD Property's well-established position as a township developer and strong sales tra...

MARC has assigned a final rating of AA+IS with a stable outlook to Sime Darby Property Berhad's (SD Property) Islamic Medium-Term Notes programme of RM4.5 billion under the Shariah principle of Musharakah (Sukuk Musharakah Programme). The 30-year Sukuk Musharakah programme expiring in 2039 had been novated to SD Property from Sime Darby Berhad as part of the restructuring exercise undertaken in 20...

MARC has issued this rating update in connection with Sime Darby Property Berhad’s (SDPB) (formerly known as Guthrie Property Development Holding Berhad) proposed early redemption of the outstanding Islamic Medium Term Notes Programme (IMTN) totalling RM100 million which matures in March 2011. SDPB is currently seeking bondholders’ approval for the proposed early redemption and subsequ...

MARC has reaffirmed the rating of Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic Medium Term Notes Programme (IMTN) at AA- ID. The outlook on the rating has been revised to positive from stable. The positive outlook reflects the ongoing rationalisation within the Group’s corporate structure and a possible change in its ownership structure. It also reflects M...

The rating of Guthrie Property Development Holding Berhad’s (GPDH) RM750 Million Islamic Medium Term Notes Programme has been reaffirmed at AA-ID with a stable outlook, reflecting the Group’s strong financial position and commendable competitive position evident from the range of mix development offered, its track record and the sizeable land bank that the group possesses. The soft p...

The affirmed rating of AA-ID (double A minus, Islamic Debt) assigned to Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic Medium Term Notes (MTN) programme reflects GPDH’s reputable position as a leading property developer in the country and its sound financial profile. In addition, other positive factors are GPDH’s vast land holding and its commendabl...

The rating of AA-ID(double A minus, Islamic Debt) assigned to Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic medium term notes programme reflects the strength of GPDH as a leading property developer in the country and its sound financial profile. Other positive rating factors include GPDH’s vast land holding and its commendable reputation and track recor...