MARC has affirmed Petra Perdana Berhad’s (Petra) rating of A+ on its RM800 million Dual Currency Revolving Financing Facility comprising RM400 million Nominal Value Secured Serial Bonds and up to RM400 million Medium Term Notes Programme. Concurrently, MARC has revised the rating outlook to developing from stable to reflect the group’s tighter than previously anticipated liquidity posi...

MARC has affirmed its BB- rating of Olympia Industries Berhad’s (OIB) outstanding RM85,860,360 nominal value Redeemable Unsecured Loan Stocks (RULS). The rating outlook is stable. The affirmed rating incorporates OIB’s improved credit profile following the completion of its debt restructuring exercise. Since MARC’s previous rating action, OIB has regularised its financial positio...

MARC has affirmed ratings of A+ID / MARC-2ID to Capable Aspect Sdn Bhd’s (CASB)  RM40 million Islamic Medium Term Notes Issuance Facility/ Murabahah Underwritten Notes Issuance Facility (‘IMTN/MUNIF’) respectively. The ratings carry a stable outlook. The ratings for CASB principally reflect the low risk business profile, strong financial performance and improved credit prote...

MARC has assigned short and long term ratings of MARC-2 and A+  to Asia Brands Corporation Berhad’s (ABC) proposed Programme issuance of up to RM70.0 million Commercial Papers/ Medium Term Notes (‘CP/MTN Programme’ or ‘the Programme’) respectively. The ratings carry a Stable Outlook. The ratings reflect its prominent domestic brands in the baby products and child...

MARC has assigned ratings of A+IS for Dawama Sdn Bhd’s (Dawama) Senior Sukuk Musyarakah of RM120.0 million and AIS for Dawama’s Junior Sukuk Musyarakah of RM20.0 million. The one-notch difference in ratings reflects the Senior Sukuk’s priority of repayment and redemption over the Junior Sukuk. The rating carries a stable outlook. The proceeds of the Sukuk will be used to redeem D...

MARC has assigned a rating of AA+ID(bg) to Aras Sejagat Sdn Bhd’s (“ASSB”) Bank Guaranteed Islamic Medium Term Notes (“BG IMTN”) of up to RM500.0 million. ASSB is a wholly-owned subsidiary of AirAsia Berhad (“AirAsia” or “the company”) and is a special purpose vehicle created to facilitate the issuance of the BG IMTN. The rating of the BG IMTN ...

MARC has assigned a corporate credit rating (CCR) of AAA to UMW Holdings Berhad (UMW or the Group). The CCR of AAA indicates UMW’s very strong intrinsic ability and overall capacity for timely repayment of its financial obligations. UMW is a leading domestic industrial group with activities that span automotive, oil and gas services, heavy and industrial equipment as well as manufacturing an...

 MARC has reaffirmed the long-term rating of Sapura Energy Sdn Bhd’s (“SESB” or “the Group”) RM140 million Al Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AID. The rating carries a stable outlook. The reaffirmed rating reflects SESB’s moderate business profile as an oil and gas service provider and good operating track record as evidence...

MARC has reaffirmed Sarawak Specialist Hospital & Medical Centre Sdn Bhd’s (SSHMC) Istisna’ Serial Bonds (Bonds) rating at AAA(s)ID. The rating outlook is stable. The suffix(s) indicates that the rating on the Istisna Serial Bonds is supported by the Sarawak State Government’s obligation to pay, in a timely manner, amounts due under a Redeemable Preference Share (RPS) subscri...

MARC has reaffirmed the rating of AA- IS on Vastalux Capital Sdn Bhd’s (VCSB) RM100.0 million Sukuk Musyarakah. The rating outlook is stable. The rating reflects the credit strength of payment stream arising from the performance of contracts secured from PCSB. The contracts have tenures and cash flows that match VCSB’s obligations under the Sukuk Musyarakah. Payments from PCSB are capt...