Displaying 1-10 of 2939 results.
Thursday, Jan 23, 2020
MARC ASSIGNS PRELIMINARY RATING OF AA-IS TO TOP GLOVE UNIT’S PROPOSED RM3.0 BILLION PERPETUAL SUKUK WAKALAH PROGRAMME
MARC has assigned a rating of AA-IS to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme. TG Excellence Berhad is a special purpose wholly-owned subsidiary of Top Glove Corporation Bhd (Top Glove) to which MARC has concurrently assigned a corporate credit rating of AA. The ratings carry a stable outlook. Top Glove will provide a subordinated unconditional and ...
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Wednesday, Jan 22, 2020
MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The rating on Bank Muamalat’s Senior Sukuk programme is equalised to its long-term FI ratings based on the seniority of the sukuk. The ratings outlook is stable.The FI ratings inc...
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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 AFFIRMS AA-IS AND AIS RATINGS ON ALPHA CIRCLE'S SENIOR AND JUNIOR SUKUK MUSHARAKAH AND REVISES OUTLOOK TO STABLE
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 AFFIRMS AA+IS RATING ON CELCOM NETWORKS’ RM5.0 BILLION SUKUK MURABAHAH PROGRAMME WITH STABLE OUTLOOK
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, 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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Thursday, Dec 19, 2019
MARC ASSIGNS FINAL RATING OF AA-IS TO PENANG PORT’S PROPOSED ISLAMIC MEDIUM-TERM NOTES PROGRAMME OF UP TO RM1.0 BILLION
MARC has assigned a final rating of AA-IS with a stable outlook to Penang Port Sdn Bhd’s (PPSB) proposed Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion. Upon review of the final documentation for the programme, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-...
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