MARC has downgraded the rating of Stenta Films (Malaysia) Sdn Bhd’s (Stenta) RM90 million Murabahah Notes Issuance Facility (MUNIF) from MARC-3ID to MARC-44 ID IDwith negative outlook following representations from the company that it intends to refinance the facility. At the same time, MARC has placed .tThe ratings of the MUNIFalso remains on MARCWatch, with a negative outlookimplications...

MARC has reaffirmed the rating of Stenta Films (Malaysia) Sdn Bhd’s (Stenta) RM90 million Murabahah Notes Issuance Facility (MUNIF) at MARC-3ID. The reaffirmation reflects Stenta’s ability to fulfil its obligation under the revised payment schedule of the MUNIF, as approved by the Noteholders and Securities Commission. Stenta is the leading domestic BOPP films manufacturer commanding...

MARC has affirmed the rating of MARC-3ID assigned to Stenta Films (Malaysia) Sdn Bhd’s (Stenta) RM90 million Murabahah Notes Issuance Facility (MUNIF). The rating affirmation reflects the company’s leading position in manufacturing quality Biaxially Oriented Polypropylene (BOPP) films and improving financial profiles of both Stenta and its parent company - P.T. Argha Karya Prima Ind...