MARC has affirmed its rating of AAA(fg) on special purpose vehicle Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium-Term Notes (MTN) programme with a stable outlook. The rating reflects the credit strength of the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad which carries MARC’s financial strength rating of AAA/Stable.Segi Astana’s sole deve...

MARC has affirmed its AAAIS rating on special purpose vehicle Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The rating action affects RM6,610.0 million IMTNs in six series issued by Aman under the programme as at November 25, 2014.The affirmed rating is premised on the assured and sufficient sublease rental payments from...

Rationale   MARC has assigned a rating of AA- with a stable outlook to Central Impression Sdn Bhd’s (CISB) proposed 11-year Fixed Rate Serial Bonds of up to RM120.0 million. The issuer is a single-purpose company which was established to own and develop AEON Klebang, a three-storey shopping mall in Ipoh, Perak. The proceeds from the bond issuance will be used to part finance the ma...

MARC has affirmed its rating of AAAIS(fg) on Symphony Life Berhad’s (Symphony Life) RM230 million seven-year Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s financial strength rating of AAA/stable.M...

MARC has affirmed its AAAIS and AAAID ratings with a stable outlook on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt programmes as follows:-RM3.0 billion Sukuk Musharakah Programme (due 2032);RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033); andRM2.2 billion Murabahah Medium-Term Notes (MMTN) Programme (due 2021).The ratings are based on PJH’s healthy financial and...

MARC has affirmed its ratings on MRCB Sentral Properties Sdn Bhd’s (MRCB Sentral) RM400 million Commercial Papers/Medium-Term Notes (CP/MTN) Programme at MARC-1(fg)/AAA(fg) with a stable outlook. The affirmed ratings and outlook are based on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin) which carries MARC’s financial strength ra...

MARC has affirmed its ratings on property developer LBS Bina Group Berhad’s (LBS Bina) RM135 million  Islamic  Commercial  Papers / Islamic  Medium-Term  Notes (ICP / IMTN)  Programme at MARC-1IS(fg)  /AAAIS(fg) with a stable outlook. The affirmed ratings and outlook are underpinned by an irrevocable and unconditional Kafalah Guarantee provided by fina...

 MARC has affirmed its AAA and B- ratings on special purpose vehicle Special Coral Sdn Bhd’s (Special Coral) Senior Class A and Subordinated Class Medium Term Notes (MTN) respectively. Concurrently, MARC has upgraded its ratings on Senior Class B through Senior Class F MTNs. The rating actions on Special Coral’s RM1.1 billion MTN Programme are summarised as follows:Exhibit 1: The ...

MARC has affirmed the ratings of Inverfin Sdn Bhd’s (Inverfin) RM200 million Medium Term Notes (MTN) Programme comprising RM185 million of Tranche A and RM15 million of Tranche B notes at AAA and AA respectively. The lower rating on the Tranche B notes reflects its lower priority of payment and security position relative to the Tranche A notes. The outlook on the ratings is stable. There are...

MARC has affirmed its ratings of MARC-1IS/AA-IS on property developer UEM Sunrise Berhad’s (UEM Sunrise) Islamic Commercial Paper (ICP) Programme and Islamic Medium Term Notes (IMTN) Programme with a combined nominal value of RM2.0 billion and a sub-limit of RM500.0 million on the ICP Programme. The outlook for the ratings is stable. The ratings on UEM Sunrise incorporate a one-notch uplift ...