Press Releases - Date: Previous 30 days
Displaying 1-8 of 8 results.
Wednesday, Jan 15, 2020
MARC has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes facility (MTN facility). The outlook is revised to stable from negative. Segi Astana’s rating and the outlook mirror its parent WCT Holdings’ senior debt ratings of AA- with stable outlook which was revised from negative on August 28, 2019. This assessment is ...

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Wednesday, Jan 15, 2020
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s RM540 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah at AA-IS and AIS. The ratings outlook has been revised to stable from negative.The outlook revision incorporates the improvement in the volume of foreign worker permits issued since the conclusion of the government-initiated rehiring programme in June 2018. D...

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Wednesday, Jan 15, 2020
MARC has affirmed its AA+IS rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme with a stable outlook.CNSB, a wholly-owned subsidiary of Celcom Axiata Berhad (Celcom), provides network telecommunication services to its parent. In assessing CNSB’s rating, MARC considers the overall credit profile of the Celcom group given the financial and operational linkag...

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Thursday, Jan 09, 2020
MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+ and MARC-1 on Kenanga Investment Bank Berhad (Kenanga) with a stable outlook. The affirmed ratings are primarily premised on Kenanga’s strong competitive position in the retail stockbroking business in Malaysia, its healthy capital position, its moderate profitability metrics and adequate funding profil...

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Tuesday, Jan 07, 2020
MARC is of the view that Malaysia’s real gross domestic product (GDP) growth will decelerate to 4.3% in 2020, below the government forecast of 4.8% due to weaker external trade performance and softer domestic demand growth. Although trade diversion arising from trade tensions between the US and China could marginally benefit Malaysia in the short term, the overall weakening of global trade...

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Tuesday, Dec 31, 2019
MARC has affirmed its ratings of MARC-1IS/AA-IS on UEM Sunrise Berhad’s two Islamic Commercial Papers and Islamic Medium-Term Notes programmes (ICP/IMTN-1 and ICP/IMTN-2) with a stable outlook. Each of the ICP/IMTN programmes has a limit of RM2.0 billion with a sublimit of RM500.0 million on the ICP issuances. UEM Sunrise’s long-term rating benefits from a one-notch uplift for parental s...

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Monday, Dec 30, 2019
MARC has affirmed its AAAIS rating on TNB Western Energy Berhad’s sukuk of up to RM4.0 billion with a stable outlook. TNB Western Energy is the funding vehicle of TNB Manjung Five Sdn Bhd, a wholly-owned subsidiary of Tenaga Nasional Berhad (TNB) and which was awarded a 25-year power purchase agreement (PPA) in 2013. The rating and outlook of TNB Western Energy are equalised with TNB’s c...

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Monday, Dec 23, 2019
MARC has withdrawn its ratings of MARC-1IS/AA-IS on Serba Dinamik Holdings Berhad’s RM1.5 billion multi-currency Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) programmes on early redemption. The ratings carried a stable outlook. The ratings withdrawal is at the request of the issuer, following early redemption of the outstanding under the programmes on December 19, 2019. ...

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