Rating action          MARC Ratings has assigned ratings of AA/MARC-1 to Pac Lease Berhad’s Medium-Term Notes (MTN) programme and Commercial Papers (CP) programme with a combined aggregate limit of RM1.5 billion. The ratings outlook is stable.RationaleThe assigned ratings factor in the lengthy track record and market position of Pac Lease in the domestic industrial ...

Rating action          MARC Ratings has affirmed Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) rating at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM800.0 million as at end-November 2022.Rationale SD Property’s continued strong sales track record in its w...

Rating action          MARC Ratings has affirmed its AAIS rating on Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). Concurrently, the rating agency has revised the rating outlook to stable from negative. Fortune Premiere is a funding vehicle of IOI Properties Group Berhad (IOI Properties) which has provi...

Rating action                    MARC Ratings has assigned a rating of AA-(cg) on Chailease Berjaya Credit Sdn Bhd’s (CBC) RM1.0 billion Medium-Term Notes Programme (MTN programme). The rating outlook is stable. The programme carries an unconditional and irrevocable guarantee from CBC’s ultimate holding company, Chailease Holding Company L...

Rating action           MARC Ratings has affirmed its rating of AA- on STM Lottery Sdn Bhd’s RM800.0 million 15-year Medium-Term Notes (MTN) Programme with a stable outlook. Rationale STM Lottery’s entrenched domestic market position as a number forecast operator (NFO), its lengthy operating track record and strong cash flow generating ability relative t...