Press Releases
Displaying 1-10 of 3560 results.
Thursday, Mar 14, 2024
MARC Ratings has affirmed its long-term ratings of AAA, AA and A on Kinabalu Capital Sdn Bhd’s Issue 3 of RM113 million Class A, RM21 million Class B and RM11 million Class C Medium-Term Notes (MTN). The outlook on all ratings is stable.The affirmed ratings reflect the loan-to-value (LTV) ratios of the classes under the issuance that are within the LTV benchmarks MARC Ratings applies for the rat...

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Thursday, Mar 14, 2024
MARC Ratings has affirmed its AAAIS and AAA ratings on Cagamas MBS Berhad’s asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) and fixed rate serial bonds (CMBS 2005-2; CMBS 2007-2). The outlook on all ratings is stable. Cagamas MBS was established to undertake the securitisation of government staff housing loans/financings. The affirmed ratings and outlook reflect the fully cash-collat...

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Tuesday, Mar 12, 2024
MARC Ratings has assigned a preliminary rating of AAIS(cg) to Sunway Healthcare Treasury Sdn Bhd’s (SH Treasury) existing unrated Islamic Medium-Term Notes (IMTN) Programme of up to RM5.0 billion with a stable outlook. The rating reflects the credit strength of parent Sunway Healthcare Holdings Sdn Bhd (SHH), on account of the unconditional and irrevocable guarantee it provided to investors. SH ...

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Monday, Mar 11, 2024
MARC Ratings has assigned a "Gold" Impact Assessment to Malaysia Rail Link Sdn Bhd’s (MRL) SDG Sukuk Framework. The framework has been established to set the guiding principles for MRL’s issuance of SDG Sukuk for specific eligible projects that contribute towards environmental and social benefits.MRL, a special purpose vehicle company wholly owned by Malaysia’s Ministry of Finance (Incorpora...

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Thursday, Mar 07, 2024
MARC Ratings has revised its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) from AA- to A+ following the downgrade of parent WCT Holdings Berhad’s rating to A+ from AA-. WCT Holdings has provided a liquidity support undertaking to Segi Astana to ensure funds are sufficient or a refinancing is in place for Segi Astana’s final MTN redemption. The liquidity ...

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Wednesday, Mar 06, 2024
MARC Ratings has lowered its rating on TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme to AIS(cg) from A+IS(cg). TG Excellence is a wholly-owned funding vehicle of Top Glove Corporation Bhd which has provided an irrevocable and unconditional guarantee on the perpetual sukuk programme. The rating action follows the downgrade of Top Glove’s corporate credit rating to AA- f...

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Tuesday, Mar 05, 2024
MARC Ratings has downgraded its ratings on WCT Holdings Berhad’s RM1.0 billion Medium-Term Notes (MTN) Programme to A+ from AA-, and RM1.5 billion Sukuk Murabahah Programme to A+IS from AA-IS. Concurrently, the rating on WCT Holdings' RM1.0 billion Perpetual Sukuk Musharakah Programme has been lowered to A-IS from AIS. The ratings outlook has been revised to stable from negative.The downwar...

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Friday, Feb 23, 2024
MARC Ratings has removed UMW Holdings Berhad’s (UMW) sukuk programme ratings from MARCWatch Developing, where they have been placed since August 25, 2023. The rating action then was taken to assess the potential impact from the significant change in UMW’s shareholding structure following the sale of Permodalan Nasional Berhad’s (PNB) 61.18% equity stake to Sime Darby Enterprise Sdn Bhd (SDES...

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Friday, Feb 23, 2024
MARC Ratings has removed ANIH Berhad’s rating from MARCWatch Negative placement where it has been since May 25, 2023. The placement was due to the uncertainties stemming from the new supplemental concession agreement (SCA) between ANIH and the government signed on November 17, 2022, including the potential weakening of its financial profile following the abolishment of toll compensation und...

This article has been viewed 289 times.
Wednesday, Jan 31, 2024
MARC Ratings has assigned a "Silver" Impact Assessment to Sunway Velocity Three Sdn Bhd’s (SV3) Sustainable Financing Framework. The framework has been established to set the guiding principles for SV3’s issuance of sustainable financing instruments for specific eligible projects that contribute towards environmental and social benefits.SV3, formerly known as Tanda Warisan Sdn Bhd, is a proper...

This article has been viewed 83 times.