MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic or the bank) financial institution (FI) ratings at AAA/MARC-1 and concurrently affirmed its rating on CIMB Islamic’s RM2.0 billion Tier 2 Junior Sukuk Programme (Junior Sukuk) at AA+IS. The outlook on the ratings is stable. CIMB Islamic’s Junior Sukuk is rated one notch lower than its long-term financial institution ratin...

MARC has affirmed its A+, A and BBB+ ratings on RCE Advance Sdn Bhd’s (RCEA) outstanding Class A, B and C notes of RM65 million, RM55 million and RM60 million respectively. The notes were issued under RCEA’s RM420 million Fixed Rate Medium Term Notes (MTN) Programme. The outlook on the ratings is stable. RCEA is a wholly owned special purpose financing vehicle of RCE Marketing Sdn Bhd ...

MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFHMB) long-term and short-term financial institution (FI) ratings of AA+/MARC-1 as well as the AAA/MARC-1 ratings on its parent, Kuwait Finance House K.S C. (KFH). The outlook on all ratings is stable.KFHMB's affirmed ratings continue to be driven by MARC's expectation of parent support being available to the bank. MARC's top-down approa...

MARC has affirmed its long-term and short-term conventional and Islamic debt ratings of AAA/AAAID and MARC-1/MARC-1ID respectively on Cagamas Berhad (Cagamas) with a stable outlook. A full list of these issuances is given at the end of this press announcement. The ratings reflect the institution’s continued sound asset quality, profitable operations, strong capitalisation, prudent management...

MARC has assigned a final rating of AA+ to CIMB Bank Berhad’s (CIMB Bank) RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme (Subordinated Debt Programme). Concurrently, MARC has also affirmed the long-term and short-term financial institution (FI) ratings on CIMB Bank at AAA/MARC-1 and the ratings of all corporate debt issuances by the bank; the full list of these issuanc...

MARC has affirmed the AA+ rating on ABS Samudera Receivables Berhad’s (ASRB) Notes Series-A issued under its RM250.0 million Medium Term Notes Programme (MTN Programme) with a negative outlook. The principal amount of notes outstanding under the programme has remained at RM1.3 million since the early partial redemption of RM3.7 million in December 2011.ASRB is a bankruptcy remote special pur...

MARC  has  assigned  long-term  and  short-term  financial  institution (FI) ratings of AA-/MARC-1 with a stable outlook to Hong Leong Investment Bank Berhad (new HLIB, renamed from MIMB Investment Bank Berhad (MIMB)). The rating actions follow a review by MARC of the strategic initiatives, operating results and financial fundamentals of the new HLIB after t...

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 the non-operating holding company of a financial services group which holds the fifth largest domestic commercial bank, a leading domestic life insurer and a mid-tier investment bank.The ratings continue to refl...

MARC has affirmed its AAA/MARC-1 financial institution (FI) ratings on Maybank Islamic Berhad (Maybank Islamic) and AA+IS rating on Maybank Islamic’s RM1.0 billion Islamic Subordinated Sukuk (Subordinated Sukuk) with a stable outlook on the ratings. The Subordinated Sukuk, which qualifies as Tier-2 capital for Maybank Islamic, is rated one notch lower than the bank’s FI rating in accor...

MARC has affirmed its AAA financial institutions rating on Bank Pembangunan Malaysia Berhad (BPMB).  MARC has also affirmed its MARC-1ID / MARC-1 programme ratings on BPMB’s Islamic and/or Conventional Commercial Papers (CP) Programme of up to RM2.0 billion with a stable outlook.  The ratings reflect support from the Government of Malaysia on account of BPMB’s status as a who...