MARC has assigned ratings of MARC-1/A+ with a positive outlook to Hong Leong Financial Group Berhad’s (HLFG) proposed RM800 million commercial papers and medium term notes (CP/MTN) facilities. The ratings hinge largely on the strong credit profile of HLFG’s core subsidiaries, Hong Leong Bank Berhad (HLB) and Hong Leong Assurance Berhad (HLA), and on their continued ability to upstream ...

MARC has affirmed the ratings of Hong Leong Financial Group Berhad’s (HLFG) RM300 million commercial papers and medium term notes (CP/MTN) facilities at A+/MARC-1 with a positive outlook. The ratings encompass the shared credit profile of HLFG’s operating subsidiaries, established banking and insurance franchises of core subsidiaries, as well as the sound capital position of the comp...

MARC has upgraded the short-term rating to MARC-1 and the long-term rating to A+ in respect of Hong Leong Credit’s (HLC) commercial papers and medium term notes programme. This reflects the improved fundamentals of HLC’s key subsidiaries as well as the improved capital structure of the company. The rating is moderated by the competitive financial services environment and the potentia...

MARC has affirmed the short-term rating at MARC-2 and concurrently upgraded the long-term rating from A- to A in respect of Hong Leong Credit’s (HLC) commercial papers and medium term notes programme respectively. This reflects the improved fundamentals of HLC’s key subsidiaries as well as the improved capital structure of the company. The rating is moderated by the competitive banki...

MARC has affirmed the short-term and long-term ratings of Hong Leong Credit Berhad’s (HLC) commercial papers and medium term notes programme at MARC-2 and A- respectively. This reflects the strong fundamentals of HLC’s subsidiaries as well as the improved double leverage and stable debt-equity. The rating is moderated by the competitive banking and finance environment and the potent...