MARC has affirmed its long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee and Investment Facility (CGIF) with a stable outlook. The ratings are based on Malaysia’s national rating scale. The ratings reflect CGIF’s strong capital position and claims-paying resources relative to its risk exposure, underpinned by its sound leverage policy and governance...

MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on The Bank of East Asia, Limited (BEA). The outlook on the ratings is stable. The affirmed ratings reflect the bank’s capacity to meet its financial obligations on the Malaysian national rating scale. Hong Kong-based BEA has a well-established banking franchise, characterised by sound asset quality a...

MARC has affirmed A+, A and BBB+ ratings on RCE Advance Sdn Bhd’s (RCEA) outstanding Class A, Class B and Class C notes of RM45 million, RM35 million and RM60 million respectively under its RM420 million Fixed Rate Medium-Term Notes (MTN) Programme. The outlook on the ratings is revised to negative from stable. RCEA acquired six collateral pools consisting of identified eligible receivables...

MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic or the bank) financial institution (FI) ratings at AAA / MARC-1/Stable and concurrently affirmed its rating on CIMB Islamic’s RM2.0 billion Tier 2 Junior Sukuk (Junior Sukuk) programme at AA+IS /Stable. The one-notch rating differential between the long-term FI rating of CIMB Islamic and the Junior Sukuk programmes reflects the subord...

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 affirmed ratings reflect KAF Investment’s strong capital adequacy position and healthy liquidity levels, underpinned by a conservative investment strategy. The ratings ar...

MARC has affirmed its long-term Conventional and Islamic debt ratings of AAA /AAAID and its short-term Islamic debt rating of MARC-1ID on corporate debt issuances by Cagamas with a stable outlook. A full list of these issuances is provided at the end of this rating rationale. The ratings incorporate Cagamas’ strong capitalisation, healthy earnings track record, stable funding and liquidity ...

MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFHMB) long-term and short-term financial institution (FI) ratings of AA+/MARC-1 and concurrently affirmed the FI ratings of AAA/MARC-1 on its parent bank, Kuwait Finance House K.S C. (KFH), based on public information. The outlook on the ratings is stable. KFHMB’s long-term rating is notched down from that of its parent bank, prem...

MARC has assigned financial institution ratings of A / MARC-1 to Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently assigned a rating of AIS on the Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The outlook on the ratings is stable.  The rating on Bank Muamalat’s Senior Sukuk issuance is equalised to the bank’s financial institution rating based on the s...

MARC has affirmed the long-term and short-term financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1 and the ratings of all corporate debt issuances by the bank; the full list of these issuances is given at the end of this section. CIMB Bank’s existing subordinated debt and hybrid securities are notched down from the bank’s FI rating in accordance with MARC’s gener...

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 FI ratings reflect HLIB's improved standalone business and financial profile as well as its established track record in investment banking and stockbroking operations that have enabl...