Credit Analysis Reports
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Rating action     MARC has affirmed its rating of MARC-2IS on Titijaya Land Berhad’s (Titijaya) RM150 million Islamic Commercial Papers (ICP) Programme. The outstanding notes under the programme stood at RM70.0 million as at end-September 2021.Rationale     The rating incorporates Titijaya’s track record in developing projects in and around mature housing areas, a...


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MARC has affirmed its rating of MARC-2IS on Titijaya Land Berhad’s (Titijaya) RM150 million Islamic Commercial Papers (ICP) Programme. The outstanding notes under the programme stood at RM70.0 million as at end-July 2020.The rating incorporates Titijaya’s track record in developing projects in and around mature housing areas to mitigate demand risk, and its moderate leverage and liquidity posi...


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Popularity: 706 views 61 downloads
MARC has lowered Titijaya Land Berhad’s (Titijaya) RM150 million Islamic Commercial Papers (ICP) Programme to MARC-2IS from MARC-1IS. The outstanding notes under the programme stood at RM50.0 million as at end-June 2019. The rating action reflects the increased concerns on Titijaya’s business and credit profile arising from the prevailing weak property market. In particular, pressure on ...


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Popularity: 880 views 68 downloads
MARC has affirmed its short-term rating of MARC-1IS on Titijaya Land Berhad’s (Titijaya) RM150.0 million Islamic Commercial Papers (ICP) Programme with a stable outlook. The outstanding notes under the programme stood at RM50.0 million as at end-July 2018. The rating incorporates Titijaya’s fairly established property development track record with a primary focus on the more resilient me...


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Popularity: 880 views 31 downloads
MARC has assigned a short-term rating of MARC-1IS to Titijaya Land Berhad’s (Titijaya) proposed RM150 million Islamic Commercial Papers (ICP) Programme. The outlook on the rating is stable. The rating incorporates Titijaya’s fairly established property development track record, strong profitability margins and moderate financial flexibility. Notwithstanding these factors, the present cha...


Normal Price: RM500.00       Subscriber Price: Free Download