Rating action          MARC Ratings has downgraded its rating on YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) to AIS. Concurrently, the rating outlook has been revised to negative from stable. As at end-October 2023, the total outstanding amount stood at RM323.0 million under the RM700 million Sukuk Wakalah programme.RationaleThe r...

Rating action MARC Ratings has affirmed its rating of A+IS on YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme of up to RM700 million (Sukuk Wakalah) with a stable outlook. RationaleYNH’s established track record in the domestic property industry, and its low land cost that enables the group to generate healthy profitability margins are key rating drivers. The high market-v...

Rating action     MARC Ratings has assigned rating of A+IS to YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme of up to RM700 million (Sukuk Wakalah). The rating carries a stable outlook.Rationale     The rating is based on YNH’s lengthy track record in property development, its low inventory level and strong profitability margins. The rating is als...