Credit Analysis Reports
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MARC has affirmed its ratings of MARC-2ID /AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme. The rating outlook is revised to stable from negative. The rating action affects the last two outstanding tranches of RM10 million Islamic MTNs which will mature on May 24, 2013 and July 19, 2013. The outlook revision reflects MAR...


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MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (Islamic CP/MTN) Programme and revised the outlook to negative from stable. The rating action affects RM20 million of outstanding IMTNs.The outlook revision reflects the slower-than-expected pace of recovery in Symphony's operating performance and its fina...


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Popularity: 1860 views 46 downloads
MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (Islamic CP/MTN) Programme with a stable outlook. The rating action affects RM35 million of outstanding IMTN.Symphony is a holding company. Through its subsidiaries, the company provides business process outsourcing (BPO) services, cheque processing, corpo...


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Popularity: 1538 views 31 downloads
MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (Islamic CP/MTN) Programme. The outlook on the ratings is stable. The affirmed ratings reflect the strong niche competitive positions of the leading domestic provider of business process outsourcing (BPO) services, the stability of its BPO earnings a...


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Popularity: 1617 views 26 downloads
MARC has affirmed its ratings of MARC-2ID  / AID on Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Papers / Medium Term Notes (Islamic CP/MTN) Programme. The ratings carry a stable outlook. The affirmed ratings reflect Symphony’s dominance in the domestic market position in providing outsourced business process, the positive growth prospects of its business ...


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Popularity: 1516 views 27 downloads
MARC has affirmed the ratings of MARC-2ID /AID to Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme. The ratings carry a developing outlook. The affirmed ratings are based on the average business risk profile of Symphony, in particular that of its main earnings contributor, Business Process Outsourcing (BPO) operations, and the ...


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Popularity: 1838 views 11 downloads
MARC has assigned the ratings of MARC-2ID/AID to Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Paper/Medium Term Notes (CP/MTN) Programme. The ratings reflect, amongst others, Symphony’s cashflow generating capabilities supported by a healthy mix in various business segments; the growth potential of Symphony’s Business Process Outsourcing (BPO) services, v...


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