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 Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA with a stable outlook. Concurrently, the rating agency has affirmed its AAIS /Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion. SD Plantation’s sizeable, geographically-diversified and integrated palm oil operations remain k...

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 affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The ratings outlook is stable. The affirmed corporate credit rating is driven by SD Plantation’s strong cash flow generating ability from its sizeable, geographically-diversified and integrated oi...

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...

MARC has affirmed its rating of AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk IMTN) programme. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), a predominantly upstream crude palm oil (CPO) producer with majority of its oil palm plantations located in Kalimantan, Indonesia. ...

MARC has affirmed its ratings of MARC-1IS /AA-IS on TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (ICP) and RM150.0 million Sukuk Murabahah Medium-Term Notes (IMTN) programme with a stable outlook. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) op...