MARC has upgraded Atlan Holdings Bhd’s (Atlan) RM90.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium Term Notes (MUNIF / IMTN) ratings to MARC-1ID /A+ID from MARC-2ID /AID. The rating outlook is stable. The ratings upgrade is premised on the overall improvement in the credit profile of the enlarged Atlan group following the acquisition of Naluri Corporation Berhad (N...

MARC has revised its outlook to positive on Atlan Holdings Bhd’s (Atlan) MARC-2ID /AID ratings of its RM90.0 Million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/ IMTN). The outlook revision follows the announcement of Atlan’s forthcoming acquisition of the entire business undertakings of Naluri Corporation Berhad (Naluri) including all its assets and...

The ratings of Atlan Holdings Bhd’s (Atlan) RM90 Million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/ IMTN) and RM40 million Al’-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) facilities have been reaffirmed at MARC-2ID/AID and AID respectively. The reaffirmation of the ratings reflects Atlan’s focus and strength in its respective core bus...

MARC has reaffirmed the ratings of Atlan Holdings Berhad’s (Atlan) RM90 Million Murabahah Underwritten Notes Issuance Facility/ Islamic Medium Term Notes (MUNIF/ IMTN) and RM40 million Al’-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) facilities at MARC-2ID and AID (A flat, Islamic debt). The ratings affirmation reflects Atlan’s diversified business and good competitive pos...

The long term rating of AID (A flat, islamic debt) and short term rating of MARC-2ID assigned to Atlan Holdings Berhad’s (Atlan) facilities reflect the strength of its diversified business; its competitive position within the industries it operates in; and its strong post acquisition financial profile. Moderating factor to the rating include the competitiveness of the manufacturing industr...