Rating action          MARC Ratings has affirmed its rating of AA-IS on special purpose funding vehicle TSH Sukuk Murabahah Sdn Bhd’s RM150 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating assessment on TSH Sukuk Murabahah is based on the credit profile of parent TSH Resources Berhad (TSH) which has provided an irrevocable and unc...

Rating action          MARC Ratings has assigned a rating of AA-IS to FGV Holdings Berhad’s (FGV) Sukuk Murabahah Programme of up to RM3.0 billion. The then unrated programme was established in December 2021 with a limit of RM500.0 million and will be upsized to the current limit. The outlook on the rating is stable. RationaleThe assigned rating incorporates a ...

Rating action          MARC Ratings has affirmed its rating of AA-IS  on TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme with a stable outlook. The total outstanding stood at RM90 million as at end-March 2023, with the maturity date on June 16, 2023.The rating assessment on TSH Sukuk Murabahah is based on the strength of its paren...

Rating action     MARC Ratings has upgraded TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme rating to AA-IS from A+IS and affirmed its RM50 million Commercial Papers (ICP) Programme rating at MARC-1IS. The ratings outlook is stable.The rating assessment on TSH Sukuk Murabahah is based on the strength of its parent TSH Resources Berhad (TSH) which has...

Rating action     MARC has affirmed its rating of A+IS on TSH Sukuk Murabahah Sdn Bhd’s Sukuk Murabahah RM150 million Medium-Term Notes (Sukuk Murabahah IMTN) Programme and revised the rating outlook to positive from stable. Concurrently, the rating agency has also affirmed its rating of MARC-1IS on TSH Sukuk Murabahah’s RM50 million Sukuk Murabahah Commercial Papers (Sukuk Mura...

Rating action     MARC has affirmed its rating of A+IS on TSH Sukuk Ijarah Sdn Bhd’s RM300 million Sukuk Ijarah Medium-Term Notes (Sukuk Ijarah IMTN) Programme. The rating outlook has been revised to positive from stableRating assessments on TSH Sukuk Ijarah and TSH Resources Bhd’s (TSH) other funding vehicle TSH Sukuk Murabahah Sdn Bhd, are based on the strength of their parent...

MARC has affirmed TSH Sukuk Ijarah Sdn Bhd’s RM300 million Sukuk Ijarah Medium-Term Notes (Sukuk Ijarah IMTN) programme rating of A+IS. The rating outlook is stable. The total notes outstanding as at end-April 2020 are RM275.0 million under the Sukuk Ijarah IMTN programme and RM150.0 million under the Sukuk Murabahah IMTN programme.MARC’s assessment reflects the credit profile of TSH Resources...

MARC has affirmed TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium Term Notes (Sukuk Murabahah IMTN) programme rating of A+IS and concurrently upgraded its RM50 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) programme rating to MARC-1IS from MARC-2IS. The ratings outlook is stable. The total notes outstanding as at end-April 2020 are RM150.0 million under the Sukuk Murabahah I...

MARC has lowered TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk Ijarah IMTN) programme rating of AA-IS to A+IS. The rating outlook is stable. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH). The other funding vehicle is TSH Sukuk Murabahah Sdn Bhd (TSH Murabahah), which has RM50.0 mill...

MARC has lowered TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) rating of MARC-1IS to MARC-2IS and RM150.0 million Sukuk Murabahah Medium-Term Notes (Sukuk Murabahah IMTN) programme rating of AA-IS to A+IS. The outlook is stable. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Reso...