The rating of Negeri Sembilan Cement Industries Sdn Bhd’s (“NSCI”) RM200 million Bai’ Bithaman Ajil Islamic Debts (“BaIDS”) has been affirmed at AA- ID (bg) whilst the ratings of its RM130 million Murabahah Notes Issuance Facility (“MUNIF”) have been reaffirmed at A- ID /MARC-2 ID.The affirmation of the bank guaranteed BaIDS reflects use of the &ldqu...

MARC has upgraded the rating of Negeri Sembilan Cement Industries Sdn. Bhd.’s (“NSCI”) BaIDS to AA-ID(bg), reflecting the strength of the guarantor banks; Bumiputra Commerce Bank Berhad (AA) and AmMerchant Bank Bhd. which has been recently upgraded from A+ to AA-. Our reaffirmation of MARC-2ID /A-ID accorded for NSCI’s MUNIF reflects its financial profile which continues ...

The reaffirmation of Negeri Sembilan Industries Sdn Bhd’s (NSCI) BaIDS rating at A+ID(bg) reflects the bank guarantees provided by AmMerchant Bank and Bumiputra-Commerce Bank; whilst the reaffirmation of the ratings MARC-2 ID /A-ID accorded for NSCI’s MUNIF reflects the improvement in the company’s financial profile and its position as one of the larger integrated cement produc...

The reaffirmation of Negeri Sembilan Industries Sdn Bhd’s (NSCI) BaIDS rating at A+ID(bg) reflects the bank guarantees provided by AmMerchant Bank and Bumiputra-Commerce Bank; whilst the reaffirmation of the ratings MARC-2 ID /A-ID accorded for NSCI’s MUNIF reflects the improvement in the company’s financial profile and its position as one of the larger integrated cement produc...

The upgrade of the BaIDS rating to A+ID(bg) follows the upgrade of the lowest rating of the group of banks providing the Kafalah guarantee. The affirmation of the short term rating of MARC-2 and upgrade of the long term rating to A-ID for the MUNIF reflect the improvement of Negeri Sembilan Cement Industries Sdn Bhd’s (NSCI) financial profile following the consolidation of the Perlis Plant...

The AID(bg) rating assigned to Negeri Sembilan Cement Industries Sdn Bhd’s (NSCI) proposed BaIDS is reflective of the strength of the irrevocable unconditional guarantees provided by a consortium of banks evaluated using the weak link approach. The MARC-2/BBB+ID rating assigned to the proposed MUNIF, on the other hand, is the issuer’s stand-alone rating, which recognizes NSCI’...