MARC has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB).The IMR rating on KIB reflects the fund management company’s well-established investment processes, sound risk management practices and strong operating track record. These factors are moderated by a modest asset under manage...

MARC has assigned a preliminary rating of AAA on Bank Pembangunan Malaysia Berhad’s proposed RM5.0 billion Islamic Medium-Term Notes Programme (IMTN Programme). Concurrently, the rating agency has affirmed its financial institution (FI) rating of AAA on Bank Pembangunan. The ratings outlook is stable.The FI rating and outlook are mainly premised on Bank Pembangunan’s status as a wholly governm...

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...

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...

MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFH Malaysia) long-term and short-term financial institution (FI) ratings of AA+/MARC-1 with a stable outlook. The FI ratings are based on the national rating scale. The ratings are based on MARC’s expectation of strong support from KFH Malaysia’s parent company, Kuwait Finance House KSC (KFH) on which MARC has affirmed its publ...

MARC has affirmed its long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee and Investment Facility (CGIF) with a stable outlook. The ratings are based on Malaysia’s national rating scale.   The affirmed ratings reflect CGIF’s strong capital and liquidity position which are underpinned by sound policy guidelines and governa...

MARC has withdrawn its financial institution (FI) ratings of AAA/MARC-1 on Maybank Islamic Berhad. The ratings carried a stable outlook. The ratings withdrawal is at the request of the issuer. Contacts: Douglas De Alwis, +603-2717 2965/ douglas@marc.com.my; Mohd Izazee Ismail, +603-2717 2947/ izazee@marc.com.my ...

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 outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating an...

MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings of AAA/MARC-1 with a stable outlook. CIMB Islamic’s FI rating is equalised to parent CIMB Bank Berhad (AAA/Stable) based on its strategic importance in Islamic banking, its shared branding and close operational integration within the group.  ...

MARC has affirmed its financial institution (FI) ratings on CIMB Bank Berhad at AAA/MARC-1 with a stable outlook. Concurrently, its ratings on the bank’s existing subordinated debt programmes have been affirmed with a stable outlook. These ratings have been notched down from the bank’s long-term FI rating based on their relative loss severity risk profiles. T...