MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on Malayan Banking Berhad (Maybank). The ratings are underpinned by Maybank’s strong and sustainable domestic banking franchise, stable asset quality and funding structure, good recurring earnings generation and prudent capitalisation. The ratings reflect Maybank’s standalone credit profile witho...

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

MARC has affirmed its AAA/MARC-1 financial institution ratings on Maybank Islamic Berhad (Maybank Islamic). In addition, MARC has also affirmed its AA+IS rating on Maybank Islamic’s Islamic Subordinated Sukuk issuance of RM1.0 billion in nominal value. The outlook of the ratings is stable. The subordinated sukuk, which qualifies as Tier-2 capital for Maybank Islamic, is rated one notch lower...

MARC has  affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on Malayan Banking Berhad (Maybank). The ratings are underpinned by Maybank’s strong and sustainable domestic banking franchise, stable asset quality and funding structure, good recurring earnings generation and prudent capitalisation. The ratings reflect Maybank’s standalone credit profile...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) Programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (Korea), good earnings generation capacity, sound funding profile and capitalisation, as well as progress made by the bank in strengthening its risk management framework. The rat...

MARC has downgraded the State Bank of India’s (SBI) Senior Unsecured Bonds of RM500 million to AA from AA+ following the incorporation of transfer and convertibility (T&C) risk into the ratings of ringgit-denominated debt issuances by foreign issuers. The outlook is stable.Under the refined methodology, MARC’s approach going forward will be to cap the ratings of non-sovereign forei...

MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The rating agency continues to classify CGC as a government-related financial institution on the basis of its public policy role of facilitating access to financing for small and medium enterprises (SME) by providing credit guarantees, and its majority government shareholding. CGC&r...

MARC has affirmed its AAA/AAAID and MARC-1/MARC-1ID ratings on Cagamas Berhad’s (Cagamas) Conventional and Islamic Medium Term Note Programme of up to RM40 billion (MTN Programme) and its Conventional and Islamic Commercial Paper Programme of up to RM20 billion (CP Programme) respectively. MARC has also affirmed its MARC-1ID and AAAID ratings on Cagamas’  Islamic Commercial Paper ...

MARC has affirmed its financial institution rating of AAA on The Bank of East Asia, Limited (BEA). The rating is based on MARC's assessment of the bank's capacity to meet its financial obligations on the Malaysian national rating scale. The outlook on the rating is stable. BEA’s rating is underpinned by its long-established banking franchise in Hong Kong and mainland China, its strong asset ...

MARC has affirmed its ratings of A+, A and BBB+ on outstanding Class A, B and C notes issued by RCE Advance Sdn Bhd (RCEA) under its RM420 million Fixed Rate Medium Term Notes Programme. The ratings affect RM100 million of outstanding notes under Class A, RM98.5 million under Class B and RM60 million under Class C. The ratings outlook has been revised to stable from negative.RCEA is a special purp...