Press Releases - Date: Previous 30 days
Displaying 1-10 of 11 results.
Friday, Jul 30, 2021
MARC has affirmed its insurer financial strength (IFS) rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin Nasional Berhad (Danajamin). Concurrently, the rating agency has affirmed its ratings of AAAIS and AA+IS on the Senior and Subordinated Sukuk Murabahah of up to RM2.0 billion under Danajamin’s Sukuk Murabahah programme. The outlook on all ratings is stable.The affirmed ...

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Thursday, Jul 29, 2021
MARC has affirmed its public information local currency sovereign rating of AAA/stable on Malaysia, based on its national rating scale. Under this rating scale, the sovereign state of Malaysia carries the lowest relative risk for reasons that include its authority to tax in ringgit and set interest rates.The rating reflects several credit strengths, including a competitive and well-diversified eco...

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Thursday, Jul 29, 2021
MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 with a stable outlook on CIMB Bank Berhad. Concurrently, the rating agency has affirmed its ratings on the bank’s existing subordinated debt programmes as follows: RM10.0 billion Basel III–compliant Tier 2 Subordinated Debt Programme affirmed at AA+/StableRM5.0 billion Subordinated Debt and Junior Sukuk Programmes affi...

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Thursday, Jul 29, 2021
MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and its issue rating of AA on the group’s RM10.0 billion Basel III–compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable.CIMB Group is a non-operating financial holding company whose key subsidiary CIMB Bank Berhad accounted for 86.0% of its tot...

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Tuesday, Jul 27, 2021
MARC has affirmed its long- and short-term financial institution (FI) ratings of AA+/MARC-1 on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia) with a stable outlook. The FI ratings are based on the national rating scale. The long-term FI rating of KFH Malaysia is notched down from its parent Kuwait Finance House KSC’s (KFH) FI rating based primarily on our assessment of the explicit i...

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Monday, Jul 26, 2021
MARC has affirmed its AA-IS rating on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. MRCB’s well-established market position in property development with a focus on transit-oriented developments (TOD), and in the construction sector in which it maintains a sizeable order book remains a key...

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Monday, Jul 19, 2021
MARC has affirmed its AAAIS rating on MISC Berhad’s RM2.5 billion Islamic Medium-Term Notes programme with a stable outlook. The affirmed rating incorporates MISC’s position as a key global player in the energy-related shipping business, its stable revenue generation from long-term liquefied natural gas (LNG) and offshore contracts, as well as its healthy liquidity position. The rating co...

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Friday, Jul 16, 2021
MARC has assigned final ratings of AAAIS/MARC-1IS to Small Medium Enterprise Development Bank Malaysia Berhad’s (SME Bank) Islamic Medium-Term Notes (IMTNs) Programme of up to RM3.0 billion (which include Sustainability IMTNs) and Islamic Commercial Papers (ICPs) Programme of up to RM1.0 billion with a combined limit in nominal value of up to RM3.0 billion. The ratings outlook is stable.The rati...

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Thursday, Jul 15, 2021
MARC has affirmed its rating of AA-IS on Grand Sepadu (NK) Sdn Bhd’s (Grand Sepadu) RM210 million Sukuk Murabahah Issuance, with a stable outlook. The affirmation reflects Grand Sepadu’s adequate cash flow coverage and moderately leveraged capital structure. Moderating the rating are uncertainties on the implementation of the scheduled toll rate hikes and timing of government compensation...

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Thursday, Jul 15, 2021
MARC has affirmed its ratings on Cagamas Berhad’s bonds and sukuk issuances as follows:Conventional and Islamic Commercial Papers (CP/ICP) programmes with a combined aggregate limit of RM20.0 billion at MARC-1/MARC-1ISConventional and Islamic Medium-Term Notes (MTN/IMTN) programmes of up to RM60.0 billion at AAA/AAAISThe ratings outlook is stable. Cagamas’ status as the national mortgage corpo...

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