Rating action     MARC Ratings has assigned its financial institution (FI) rating of A+ to MBSB Bank Berhad and a final rating of A+IS to the bank’s Sustainability Sukuk Wakalah programme with a limit of RM5.0 billion. The ratings outlook is stable. Rationale     The assigned FI rating reflects MBSB Bank’s long track record in banking and financing, particula...

Rating action    MARC has affirmed its financial institution (FI) rating of AAA on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating carries a stable outlook.Rationale   The rating reflects CGC’s status as a development financial institution (DFI) with an explicit public policy role, underpinned by the support provided by the government through Bank Negara M...

Rating action     MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The programme currently has an outstanding amount of RM500 million. The ratings outlook is stable. Rationale     The FI ratings ...

Rating action     MARC has affirmed Bank Pembangunan Malaysia Berhad’s (Bank Pembangunan) financial institution (FI) rating of AAA. Concurrently, the rating agency has also affirmed its rating of AAAIS on the bank’s RM5.0 billion Islamic Medium-Term Notes (IMTN) Programme. The outlook on all ratings is stable. RationaleBank Pembangunan’s status as a wholly government-owne...

Rating action     MARC has assigned a final rating of AAAIS to Bank Pertanian Malaysia Berhad’s (Agrobank) RM1.0 billion  Islamic Medium-Term Notes Programme (IMTN programme). Concurrently, the rating agency has assigned its financial institution (FI) rating of AAA to Agrobank. The ratings outlook is stable.Rationale     The FI rating reflects Agrobank’s stat...

MARC has affirmed its investment manager rating of IMR-2 on Kenanga Investors Berhad (KIB). Rationale     The rating primarily reflects KIB’s well-established investment management process, sound risk management practices and strong operating track record. These factors are moderated by its relatively small asset size and an adequate financial profile.KIB is a wholly-owned fu...

Rating action     MARC has affirmed its investment manager rating of IMR-2 on Kenanga Islamic Investors Berhad (KIIB). Rationale     The rating reflects KIIB’s well-established investment management process, supported by a prudent risk management framework that is sufficient for its relatively small-sized asset management business. KIIB is a wholly-owned s...

Rating action     MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+ and MARC-1 on Kenanga Investment Bank Berhad (Kenanga). The ratings outlook is stable.Rationale     Kenanga’s strong competitive position in the domestic stockbroking industry from which it has been able to generate moderate-to-strong income remains the key fact...

Rating action     MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 on Islamic Development Bank (IsDB). Concurrently, the rating agency has affirmed its rating of AAAIS on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad, a trust established by IsDB. The ratings outlook is stable. The programme currently has an outstanding amo...

Rating action     MARC has affirmed its financial institution (FI) ratings of AAA / MARC-1 with a stable outlook on CIMB Bank Berhad. Concurrently, the rating agency has affirmed its ratings on the bank’s existing subordinated debt programmes as follows: RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme affirmed at AA+/StableRM5.0 billion Subordinated Debt...