MARC has affirmed its ratings on special purpose company Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) (Senior Notes) and RM10 million Junior Islamic Medium Term Notes (Junior Notes) at MARC-1ID /AAID and A+ID respectively. The rating outlook is stable. The rating action affects RM25 million ...

MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (PTSB) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively. The outlook on the ratings is stable. The rating action affects RM335 million of outstanding notes issued under the programme.The affirmed ratings reflect the secure revenue stream backing the notes wh...

MARC has affirmed the ratings of Serrisa Sinar Berhad’s (Serrisa Sinar) RM200 million ICP/IMTN notes and RM20 million Junior IMTN at MARC-1ID/AAID and A+ID respectively. The outlook of the ratings is stable. The rating action affects RM100 million of outstanding notes issued under the programme. The rating of the Junior Notes reflects its subordination to the Senior Notes in respect of profi...

MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (Islamic CP/MTN) Programme with a stable outlook. The rating action affects RM35 million of outstanding IMTN.Symphony is a holding company. Through its subsidiaries, the company provides business process outsourcing (BPO) services, cheque processing, corpo...

MARC has affirmed its ratings of MARC-1ID /AAID and A+ID on Cellular Structures Sdn Bhd’s (CSSB) RM60.0 million Senior MUNIF/IMTN (Senior Notes) and RM8.0 million Junior IMTN (Junior Notes) respectively with stable outlook. The ratings reflect the credit strength of the telecommunication operators (telcos) which are contractually obligated to make fixed monthly rental payments for the towers...

MARC has affirmed its ratings of MARC-1ID/AAID and A+ID on Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90.0 million MUNIF/IMTN Facility (Senior Notes) and RM10.0 million Junior IMTN Facility (Junior Notes) respectively with stable outlook. The ratings reflect the credit strength of the telecommunication operators (telcos) as the source of repayment for the notes backed by a 10-year lic...

MARC has affirmed its AAA insurer financial strength rating on Danajamin Nasional Berhad (Danajamin). The rating outlook is stable. The rating and outlook on the rating reflect Danajamin’s important role and status as Malaysia’s first and sole financial guarantee insurer (FGI) and its status as a government-sponsored entity. Licensed under the Insurance Act 1996 and regulated under the...

MARC has affirmed the ratings of special purpose company Serrisa Sinar Berhad’s (Serrisa Sinar) RM200 million ICP/IMTN notes (Senior Notes) and RM20 million Junior IMTN (Junior Notes) at MARC-1ID /AAID and A+ID respectively. The rating outlook is stable. The affirmed ratings reflect the credit quality of the rental payment stream from creditworthy telecommunication companies as the source of...

MARC has affirmed the ratings of MARC-1IS and AAAIS to Pinnacle Tower Sdn Bhd’s (PTSB) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN), respectively. The outlook on the ratings is stable. The ratings are underpinned by the stable rental payments from the telecommunication companies (telcos) to the parent company, Sacofa Sdn Bhd (Sacofa), which ...

MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (Islamic CP/MTN) Programme. The outlook on the ratings is stable. The affirmed ratings reflect the strong niche competitive positions of the leading domestic provider of business process outsourcing (BPO) services, the stability of its BPO earnings a...