MARC has affirmed its rating of AAA(fg) on Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium-Term Notes (MTN) programme with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC has an insurer financial strength rating of AAA/stable and long-term count...

MARC has withdrawn its ratings of A and BBB on RCE Advance Sdn Bhd’s (RCEA) RM420 million Fixed Rate Medium-Term Notes (MTN) Programme comprising RM120 million Class B, and RM60 million Class C notes. The outlook on the ratings was stable. The withdrawal follows the redemption of all outstanding amounts under the MTN Programme on March 3, 2017. Upon the withdrawal of the ratings, MARC will...

MARC has assigned preliminary ratings of MARC-1IS/AA-IS to UEM Edgenta Berhad’s (UEM Edgenta) Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) under its Sukuk Murabahah Programme (Sukuk Murabahah) of up to RM1.0 billion. The outlook on the ratings is stable. UEM Edgenta’s long-term ratings are underpinned by MARC’s assessment of parental support from UEM Group Berhad. Th...

MARC has affirmed its AA-IS rating on Malakoff Power Berhad’s (MPower) RM5.4 billion Sukuk Murabahah with a stable outlook. The outstanding sukuk amount is RM4.34 billion. MPower is the operations and maintenance (O&M) operator of the power plants owned by its parent company Malakoff Corporation Berhad (Malakoff). Apart from the O&M revenue, MPower receives interest income and principal redempt...

MARC has affirmed its ratings of MARC-1/AA on Murud Capital Sdn Bhd’s (Murud Capital) Senior Commercial Papers/Medium-Term Notes Programme (Senior CP/MTN Programme) of up to RM290 million. The outlook on the ratings is stable. Murud Capital currently has an outstanding RM279 million Senior CP under the Senior CP/MTN Programme. Murud Capital is a special purpose vehicle incorporated by MRCB...

MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on Hong Kong-based The Bank of East Asia, Limited (BEA). The outlook on the ratings is stable. The affirmed ratings reflect the bank’s capacity to meet its financial obligations on the Malaysian national rating scale.   The ratings incorporate MARC’s expectations of systemic support bei...

MARC has assigned ratings of AAA, AA and B- to Special Coral Sdn Bhd’s (Special Coral) up to RM250 million Senior Class A Medium-Term Notes (MTN) (Class A MTN), RM50 million Senior Class B MTN (Class B MTN) and RM800 million Subordinated Class MTN respectively. The ratings outlook is stable. The Senior and Subordinated Class MTN will be issued from Special Coral’s existing RM1.1 billion MTN Pr...

MARC has affirmed its ratings of A and BBB on special purpose vehicle RCE Advance Sdn Bhd’s (RCEA) outstanding RM5 million Class B and RM10 million Class C notes under the RM420 million Fixed Rate Medium-Term Notes (MTN) Programme respectively. The outlook on the ratings is stable. There is currently no outstanding Class A notes under the programme upon the repayment of RM5 million on November ...

MARC has assigned long-term ratings of AAA, AA and A to Kinabalu Capital Sdn Bhd’s (Kinabalu Capital) medium-term notes (MTN) RM130 million Class A, RM25 million Class B and RM15 million Class C respectively. Concurrently, MARC has assigned a MARC-1 rating to Kinabalu Capital’s issue of up to RM170 million commercial papers (CP). The issuance of the rated MTN and/or CP with a combined is...

MARC has affirmed its AAA(bg) rating on Boustead Holdings Berhad’s (Boustead) RM1.0 billion Bank-Guaranteed Medium-Term Notes (BG MTN) programme with a stable outlook. The rating reflects the credit strength of the syndicated bank guarantee facility provided by OCBC Bank (Malaysia) Berhad (OCBC Malaysia), Public Bank Berhad (Public Bank), Malayan Banking Berhad (Maybank) and The Bank of Ea...