MARC has downgraded its ratings on Maxtral Industry Berhad's (Maxtral) RM80 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20 million Murabahah Underwritten Notes Issuance/Murabahah Medium Term Notes (MUNIF/MMTN) facilities to BBB-ID and MARC-4ID/BBB-ID from BBB+ID and MARC-3ID/BBB+ID respectively. Concurrently, the ratings have been placed on MARCWatch Negative. The rat...

MARC has placed Maxtral Industry Berhad's (Maxtral) following Islamic debt ratings on MARCWatch Negative:1) The AID rating on its RM80.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) facility; and2) The MARC-2ID/AID ratings on its RM20.0 million Murabahah Underwritten Notes Issuance/Murabahah Medium Term Notes (MUNIF/MMTN) facilities.The rating action refl...

MARC has affirmed Maxtral Industry Berhad’s (Maxtral) short-term rating of MARC-2ID and long-term rating of AID on its RM80 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20 million Murabahah Underwritten Notes/Murabahah Medium Term Notes (MUNIF/MMTN) facilities with a negative outlook. The negative outlook reflects softened profitability relative to pre-2008 levels and t...

MARC has affirmed its short-term MARC-2ID and long-term AID ratings on wood-based product manufacturer Maxtral Industry Berhad’s (Maxtral) RM80 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20 million Murabahah Underwritten Notes/Murabahah Medium Term Notes (MUNIF/MMTN) facilities. The outlook on the rating has been revised to negative from stable to reflect increased pr...

MARC has reaffirmed its MARC-2/AID rating for Maxtral Industry Berhad’s (Maxtral or the Group) RM80-million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20-million Murabahah Underwritten Notes/Murabahah Medium Term Notes (MUNIF/MMTN) facilities. The rating carries a stable outlook. The affirmation reflects Maxtral’s satisfactory operating performance, moderate debt levera...

MARC has affirmed Maxtral Industry Berhad’s (Maxtral) RM80 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) Facility and RM20 million Murabahah Underwritten Notes Issuance Facility/Murabahah Medium Term Notes Issuance Facility (MUNIF/MMTN) ratings at AID /MARC-2ID with a stable outlook. The affirmation reflects Maxtral’s strengthening financials underpinned by th...

The rating of AID/MARC-2ID is underpinned by Maxtral Industry Berhad and its subsidiaries’ (Group) operating track record supported by its highly integrated manufacturing process, advantage of having secured the necessary future log supply and the Group’s improving financials. Moderating factors to the rating, nonetheless, include the vulnerability to cyclical developments affecting ...