MARC has assigned a financial institution rating of AAA to The Bank of East Asia, Limited (BEA). The rating reflects 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.The rating incorporates BEA's established banking franchise in Hong Kong and mainland China, its very strong asset quality metrics, ...

MARC has affirmed the ratings of AAA and AAAID assigned to The Export-Import Bank of Korea’s (KEXIM) conventional and Islamic Medium Term Notes Programmes with a combined nominal value of RM3.0 billion. The ratings reflect KEXIM’s public policy role in supporting the Republic of Korea’s (Korea) export and import industries, strong standalone financial profile and its full governm...

MARC has affirmed its rating on Woori Bank’s RM1.0 billion Medium Term Notes Programme (MTN) at AAA, premised on the bank’s strong and established business franchise in the Republic of Korea (Korea), adequate capitalisation and access to government liquidity support via its government-owned holding company Korea Deposit Insurance Corporation (KDIC). While the rating also takes into con...

MARC has upgraded the rating on Hong Leong Financial Group Berhad’s (HLFG) RM800 million Commercial Paper and Medium Term Notes Programme (CP/MTN) to AA/MARC-1 from AA-/MARC-1. The rating upgrade incorporates the demonstrated ability of its main banking subsidiary, Hong Leong Bank Berhad (HLB) to generate solid earnings through the recent challenging period, the sound financial and oper...

MARC has affirmed its AAA rating on Oversea-Chinese Banking Corporation Limited’s (OCBC) redeemable subordinated bonds of up to RM2.5 billion. The rating affirmation takes into account OCBC’s established financial services franchise in Singapore and Malaysia, its strong capitalisation, diversified sources of income and improved risk management procedures. While MARC factors in the subo...

MARC has affirmed Kuwait Finance House (Malaysia) Berhad’s (KFHMB) long- and short-term financial institution ratings at AA+/MARC-1. The affirmation of KFHMB’s ratings follows the affirmation of the long-term and short-term financial institution ratings of its parent, Kuwait Finance House K.S.C. at AAA/MARC-1. KFHMB is rated one notch below KFH to reflect the strategic importance of th...

MARC has assigned its MARC-1ID and AAAID ratings to Cagamas Berhad’s (Cagamas) new Islamic Commercial Papers Programme (CP) and Islamic Medium Term Notes Programme (MTN) with a combined aggregate limit of RM5.0 billion in nominal value. The outlook on the ratings is stable. Concurrently, MARC has affirmed its MARC-1/MARC-1ID and AAA/AAAID ratings on Cagamas’ existing RM20.0 billion Con...

MARC has affirmed its financial institution rating on Bank Pembangunan Malaysia Berhad (BPMB) at AAA with a stable outlook. The rating reflects BPMB’s status as a wholly government-owned development financial institution (DFI), held through the Minister of Finance Incorporated (99.99%) and the Federal Lands Commissioner (0.01%). The rating also considers BPMB’s long track record of man...

MARC  has  assigned  its  long-term  and  short-term  financial institution ratings of  AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The assigned ratings reflect the bank’s low-risk business model, established track record in Malaysia as well as its strong capitalisation and healthy asset quality. The outlook on the ratings is stable. Lar...

MARC has upgraded CIMB Islamic Bank Berhad’s (CIMB Islamic) long-term financial institution rating to AAA from AA+. At the same time, MARC has also upgraded its rating on CIMB Islamic’s Tier 2 Junior Sukuk Programme to AA+IS from AAIS. The rating upgrades conclude a rating review for possible upgrade that was initiated by MARC on April 20, 2010 on CIMB Islamic and its parent, CIMB Bank...