Credit Analysis Reports - Category: Property
Displaying 321-330 of 363 results.
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The reaffirmation of Putrajaya Holdings Sdn Bhd’s (PJH) issuer and Islamic debt ratings are based on the solid capitalization underlined by the formidable set of shareholders and the exceptionally strong financial flexibility. Notwithstanding, it is complemented by the strength of the issue structures where repayment of the corporate debt securities are secured by specific take out sources...


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Glomac Berhad’s (“Glomac”) ratings have been reaffirmed, a reflection of the company’s established position as a reputable property developer in the Klang Valley and its strong financial performance coupled with an adequate cashflow generating capacity. The moderating factor continues to be the vulnerability of the projects to adverse developments in the property market.G...


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The reaffirmation of the ratings reflects the credit strength of Petroliam Nasional Berhad (PETRONAS); the user of specific assets belonging to Petronas Assets Sdn Bhd (PAssets) and the obligor of the Promissory Notes (PNs) and Asset Utilisation Fee (AUF). Payments arising from the PNs and AUF form the primary source of repayment of the Bai Al-Dayn Notes Issuance Facility (NIF) and Al-Murabahah ...


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The reaffirmation of the ratings reflects the credit strength of PETRONAS, the principal tenant of the PETRONAS Twin Towers (Tower 1 and Tower 2), which bears the rental payments for both towers. The rental stream forms the primary source of repayment of the debt securities. PETRONAS’ superior credit strength is drawn from its strong financial position, favourable production profile, sign...


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MARC has downgraded the long-term ratings of Ambang Sentosa Sdn. Bhd.’s (ASSB) RM272 million and RM226 million of class B and class C Al-Bai Bithaman Ajil Islamic debt (BaIDS) asset-backed securities (ABS) facility. The downgrades are premised on the construction delays experienced at the Taman Puncak Jalil development brought about by the repatriation of illegal foreign workers in the la...


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The long term Islamic debt rating of AAAID assigned to Putrajaya Holdings Sdn Bhd’s (“PJH”) proposed RM2.2 billion Islamic Medium Term Notes (“IMTN”) Programme reflects its solid capitalization backed by the strong set of shareholders; exceptionally strong financial flexibility; and the strategic importance of PJH in the development of Putrajaya as the nation’...


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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 good financial track record with operating margins averaging 25% in the last four years; low debt leverage position and good financial flexibility.The rating was also underpinned by the company’s established position as a renowned and successful high-end c...


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MARC has reaffirmed the rating of Kuala Lumpur Sentral Sdn Bhd’s (KLSSB) tranches 2A, 2B, 3, 4A & 4B BaIDS totaling RM800 million at AID(s), reflecting the support provided by Bank Pembangunan & Infrastruktur Malaysia Berhad (BPIMB) by way of a standby revolving credit facility. Kuala Lumpur Sentral’s commercial development is divided into four phases. As at May 2005, the agg...


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The affirmed rating of AA-ID (double A minus, Islamic Debt) assigned to Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic Medium Term Notes (MTN) programme reflects GPDH’s reputable position as a leading property developer in the country and its sound financial profile. In addition, other positive factors are GPDH’s vast land holding and its commendabl...


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The affirmation of WCT Land Berhad’s (WCTL) RM132 million Convertible Redeemable Debt Securities (CRDS) rating of A (A flat) reflects the Group’s reputable position as a property developer coupled with its strong financial performance and promising cashflow generating capabilites. The moderating factor continues to be the vulnerability of the projects to the adverse development in th...


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