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MARC has withdrawn its ratings of MARC-1ID(bg)/AAAID(bg) and MARC-1ID on Tradewinds Plantation Capital Sdn Bhd’s RM100.0 million Bank-Guaranteed Murabahah Commercial Papers/Medium-Term Notes (CP/MTN) Programme and RM90.0 million Murabahah Commercial Papers (CP) Programme respectively. The ratings withdrawal follows the full redemption and subsequent cancellation of the programmes on March 1...
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MARC has withdrawn its ratings of MARC-1(fg) /AAA(fg) on MRCB Sentral Properties Sdn Bhd’s RM400 million Commercial Papers/Medium-Term Notes (CP/MTN) Programme. The ratings withdrawal follows the early redemption of the outstanding notes under the CP/MTN programme on March 30, 2015 and the subsequent cancellation of the same as confirmed by the facility agent. Upon the withdrawal of the rat...
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MARC has affirmed its rating on Boustead Holdings Berhad’s (Boustead) RM1.0 billion Bank-Guaranteed Medium-Term Notes (BG MTN) programme at AAA(bg) 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 ...
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MARC has affirmed the long-term ratings on Special Coral Sdn Bhd’s (Special Coral) RM300.0 million Senior Class and RM800.0 million Subordinated Class Medium-Term Notes (MTN) under the RM1.1 billion MTN Programme. The outlook on the ratings is stable. The list of ratings is shown in the table below. ...
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MARC has affirmed its ratings of AAA/AAAID on The Export-Import Bank of Korea’s (KEXIM) Conventional and/or Islamic Medium-Term Notes (MTN) programmes with a combined nominal value of RM3.0 billion and AAA on KEXIM’s RM1.0 billion MTN programme. The outlook on the ratings is stable. The affirmed ratings incorporate MARC’s assessment of support uplift from the government of the Re...
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MARC has withdrawn its BBB rating on Press Metal Berhad’s outstanding 2011/2019 Redeemable Convertible Secured Loan Stocks (RCSLS). Press Metal had issued RM320.5 million RCSLS in 2011 and as at February 12, 2015, the outstanding amount stood at RM2.2 million. The rating withdrawal follows the early redemption of the outstanding amount and cancellation of the same on March 18, 2015. U...
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MARC has affirmed the ratings on special purpose company Inverfin Sdn Bhd’s (Inverfin) RM200 million Medium Term Notes (MTN) Programme comprising RM185 million of Tranche A notes and RM15 million of Tranche B notes at AAA and AA respectively. The outlook on the ratings is stable. The lower rating on the Tranche B notes reflects its subordination to Tranche A notes in respect of payment prio...
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MARC has assigned ratings of MARC-1/AA to Murud Capital Sdn Bhd’s (Murud Capital) Senior Commercial Papers/Medium Term Notes (CP/MTN) Programme of up to RM290 million. The outlook on the ratings is stable. The Senior CP/MTN Programme will be established alongside an unrated subordinated Junior CP/MTN Programme of up to RM450 million. The combined limit of both the Senior and Junior CP/MTN P...
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MARC has assigned a final rating of AA-IS with a stable outlook on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB or the group) Sukuk Murabahah Programme of up to RM1.0 billion. The rating incorporates a one-notch uplift from MHB’s standalone rating based on MARC’s assessment on the likelihood of moderate support from MHB’s ultimate parent PETRONAS. The suppo...
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MARC has affirmed its rating of AAAIS(fg) on TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100.0 million Guaranteed Islamic Medium-Term Notes programme (Sukuk Musyarakah) 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) which carries MARC’s financial...
This article has been viewed 1465 times.