Rating action          MARC Ratings has affirmed its rating of AA-IS on special purpose funding vehicle TSH Sukuk Murabahah Sdn Bhd’s RM150 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating assessment on TSH Sukuk Murabahah is based on the credit profile of parent TSH Resources Berhad (TSH) which has provided an irrevocable and unc...

Rating action          MARC Ratings has affirmed its rating of AA-IS  on TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme with a stable outlook. The total outstanding stood at RM90 million as at end-March 2023, with the maturity date on June 16, 2023.The rating assessment on TSH Sukuk Murabahah is based on the strength of its paren...

Rating action     MARC Ratings has upgraded TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme rating to AA-IS from A+IS and affirmed its RM50 million Commercial Papers (ICP) Programme rating at MARC-1IS. The ratings outlook is stable.The rating assessment on TSH Sukuk Murabahah is based on the strength of its parent TSH Resources Berhad (TSH) which has...

Rating action     MARC has affirmed its rating of A+IS on TSH Sukuk Murabahah Sdn Bhd’s Sukuk Murabahah RM150 million Medium-Term Notes (Sukuk Murabahah IMTN) Programme and revised the rating outlook to positive from stable. Concurrently, the rating agency has also affirmed its rating of MARC-1IS on TSH Sukuk Murabahah’s RM50 million Sukuk Murabahah Commercial Papers (Sukuk Mura...

MARC has affirmed TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium Term Notes (Sukuk Murabahah IMTN) programme rating of A+IS and concurrently upgraded its RM50 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) programme rating to MARC-1IS from MARC-2IS. The ratings outlook is stable. The total notes outstanding as at end-April 2020 are RM150.0 million under the Sukuk Murabahah I...

MARC has lowered TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) rating of MARC-1IS to MARC-2IS and RM150.0 million Sukuk Murabahah Medium-Term Notes (Sukuk Murabahah IMTN) programme rating of AA-IS to A+IS. The outlook is stable. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Reso...

MARC has affirmed its ratings of MARC-1IS /AA-IS on TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (ICP) and RM150.0 million Sukuk Murabahah Medium-Term Notes (IMTN) programme with a stable outlook. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) op...

MARC has affirmed its ratings of MARC-1IS /AA-IS on TSH Sukuk Murabahah Sdn Bhd’s (TSH Sukuk Murabahah) RM50.0 million Islamic Commercial Papers (ICP) and RM150.0 million Islamic Medium-Term Notes (IMTN) Programmes. The outlook is stable. TSH Sukuk Murabahah is one of three special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) op...

MARC has affirmed its ratings of MARC-1IS /AA-IS on special purpose entity TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Islamic Commercial Paper (ICP) and RM150.0 million Islamic Medium-Term Note (IMTN) programmes. The outlook is stable. The ratings affect the outstanding amount of RM150.0 million as at September 15, 2016 under the rated programmes. TSH Murabahah is a special pu...

MARC has assigned ratings of MARC-1IS /AA-IS to special purpose entity TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) proposed RM50.0 million Islamic Commercial Paper (ICP) and RM150.0 million Islamic Medium-Term Note (IMTN) programmes. The ratings carry a stable outlook. The proceeds from the issuances under the proposed programmes will be utilised by its parent company, TSH Resources Bhd (TSH)...