MARC has affirmed Malayan Banking Berhad’s (Maybank) financial institution and RM10.0 billion Senior Medium-Term Note (MTN) programme ratings at AAA/MARC-1 and AAA respectively. The outlook on the ratings is stable. The ratings incorporate Maybank’s very strong market position as the largest domestic bank underpinned by a well-established banking franchise as well as its strong capitalisation...

MARC has affirmed the long-term and short-term financial institution ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The outlook on the ratings is stable. The ratings are mainly driven by the investment bank’s strong capital position, healthy liquidity levels and prudent investment policy. The ratings are moderated by KAF Investment’s susceptibility to domestic ...

MARC has affirmed Maybank Islamic Berhad’s (Maybank Islamic) long-term and short-term financial institution (FI) ratings of AAA and MARC-1 respectively with a stable outlook. The long-term rating of Maybank Islamic is equalised with the rating of its parent Malayan Banking Berhad (Maybank) on the basis of the former’s significance as Maybank’s Islamic banking arm and its contribution to gro...

MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium-Term Notes (CP/MTN) programme with a stable outlook. HLFG is a non-operating financial holding company where its 64.4%-owned Hong Leong Bank Bhd (HLB) continued to account for a significant portion of the group’s consolidated total assets and profitability. HLFG’s ra...

MARC has affirmed the long-term and short-term financial institution (FI) ratings of AA-/MARC-1 on Hong Leong Investment Bank Berhad (HLIB). The outlook on the ratings is stable. The ratings reflect HLIB's steady business and credit profile which are underpinned by its position as the capital market arm of Hong Leong Financial Group Berhad (HLFG), one of Malaysia’s largest financial servic...

MARC has affirmed its AAA financial institution (FI) rating on Bank Pembangunan Malaysia Berhad (Bank Pembangunan). Concurrently, the rating agency affirmed its MARC-1IS/MARC-1 programme ratings on the bank’s Islamic/Conventional Commercial Papers (CP) Programme of up to RM2.0 billion. The ratings carry a stable outlook. The affirmed FI rating is based on MARC’s assessment of high govern...

MARC has assigned long-term and short term financial institution (FI) ratings of AAA and MARC-1 respectively to the Islamic Development Bank (IsDB). The ratings are on the Malaysian national scale. Concurrently, the rating agency has assigned a rating of AAAIS on the proposed Sukuk Wakalah (Sukuk) issuance of up to RM400 million by Tadamun Services Berhad (Tadamun), a trust established by IsDB. I...

MARC has affirmed the ratings of AAA/AAAID on The Export-Import Bank of Korea’s (KEXIM) Conventional and/or Islamic Medium-Term Notes (MTN) programmes with a combined nominal value of RM3.0 billion and AAA on KEXIM’s RM1.0 billion MTN programme. The outlook on the ratings is stable. KEXIM’s ratings are equalised to the Republic of Korea’s (South Korea) AAA/stable rating from MARC on the n...

MARC has affirmed its AAA rating with a stable outlook on Woori Bank’s RM1.0 billion Medium-Term Notes (MTN) programme. The rating incorporates MARC’s assessment of Woori Bank’s high systemic importance as South Korea’s second largest commercial bank with consolidated assets of KRW297.1 trillion, or about 14% of the banking system’s total assets, as at end-September 2015. MARC has a ...

MARC has affirmed its ratings of A+ and A on special purpose vehicle RCE Advance Sdn Bhd’s (RCEA) outstanding RM15 million Class A and RM20 million Class B notes respectively under the RM420 million Fixed Rate Medium-Term Notes (MTN) Programme. Concurrently, the rating on the outstanding RM40 million Class C notes under the same programme has been lowered to BBB from BBB+. The outlook on the ra...