Credit Analysis Reports - Category: Property
Displaying 291-300 of 363 results.
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The long term ratings of Glomac Berhad’s (Glomac) RM60 million Junior Bai’Bithaman Ajil Islamic Bonds (Junior BaIDS) and RM25 million Murabahah Notes Issuance Facility / Islamic Medium Term Notes (MUNIF/IMTN) have been downgraded to A-ID while the short term rating for the MUNIF/IMTN has been reaffirmed at MARC-2ID. The ratings have been accorded a stable outlook. The ratings downgra...


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The ratings of Petronas Assets Sdn Bhd’s (PAssets) RM282 million Bai Al-Dayn Notes Issuance Facility (NIF) and RM500 million Al-Murabahah Commercial Papers/Medium Term Notes (CP/MTN) have been reaffirmed at AAAID and MARC-1ID/AAAID, respectively with a Stable Outlook. The reaffirmation of the ratings reflect the strong issue structure governing the NIF and CP/MTN facilities, a record of ti...


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The ratings of Midciti Resources Sdn Bhd’s (Midciti) Bai Al-Dayn Bonds and 13-year Bonds have been reaffirmed at AAAID and AAA(s) respectively, with a stable outlook. The Secured Bai Al-Dayn Commercial Paper/Medium Term Notes Financing Programme was fully redeemed in November 2006. The reaffirmation of the ratings reflect the strong issue structure of the Bai Al-Dayn Bonds and 13-year Bond...


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The ratings of MK Land Holdings Berhad’s (MK Land) RM300 million Serial Bonds Tranche 1 and 2 have been downgraded to A- with a negative outlook. The downgrade is premised on weaker sales from the Group’s Damansara Perdana and Damansara Damai projects which have contributed to declining profits and margins and the soft property market outlook. The Negative Outlook reflects the challe...


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MARC has affirmed the rating for Land & General Berhad’s (L&G) Redeemable Convertible Secured Loan Stocks (RCSLS) of up to RM320,962,637 at B- with negative outlook. The rating reflects the Group’s weak competitive position, lack of financial flexibility and high debt burden owing to its current involvement in the debt restructuring scheme. The negative outlook is premised ...


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The ratings of OSK Property Holdings Bhd (OSKP)’s Class A and Class B BaIDS have been reaffirmed at AID and A-ID respectively with a negative outlook. The reaffirmation reflects OSKP’s strong presence in Sungai Petani, Kedah through its flagship development, Bandar Puteri Jaya (BPJ), its adequate, albeit declining liquidity position and moderate debt leverages. Difficult property mar...


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Under this transaction, a special purpose vehicle, Gandalf Capital Sdn. Bhd. (formerly known as Icon Lagoon Sdn. Bhd.) (Gandalf Capital) is incorporated to raise up to RM118.0 million of CPs/MTNs comprising of RM87.0 million Class A, RM16.0 million Class B and RM15.0 million Class C CPs/MTNs (Notes), which will be on-lent to its parent, Quill Capita Trust (QCT), a real estate investment trust (R...


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The rating of Guthrie Property Development Holding Berhad’s (GPDH) RM750 Million Islamic Medium Term Notes Programme has been reaffirmed at AA-ID with a stable outlook, reflecting the Group’s strong financial position and commendable competitive position evident from the range of mix development offered, its track record and the sizeable land bank that the group possesses. The soft p...


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Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debts’ ratings have been maintained at AAAID /MARC-1ID with a stable outlook premised on the strength of PJH’s financials and robust cash flows from consistent sub-lease rental collection from a strong off taker i.e. The Government of Malaysia (GOM).PJH is the concessionaire and developer of Putrajaya on a privatised basis. Under a Con...


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MARC has reaffirmed Sunrise’s short term and long term debt rating at MARC-1ID, and A+ID respectively, reflecting Sunrise’s strong financial track record with operating margins averaging 23% in the last four years, low debt leverage position and high financial flexibility. The ratings were also underpinned by the company’s established position as a high-end developer, with seve...


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