Displaying 131-140 of 394 results.
MARC has downgraded its rating on Mithril Bhd’s (Mithril) RM59 million Redeemable Convertible Secured Loan Stock (RCSLS) to B from B+. Its rating outlook is maintained at negative. The rating action reflects Mithril’s continuing losses as a result of worsening prospects of its mainstay polyurethane (PU) architectural mouldings business and its impaired balance sheet following certain i...
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MARC has affirmed its ratings on KNM Capital Sdn Bhd’s (KNMCap) RM300 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) at MARC-1ID/AA-ID. The outlook on the ratings is stable. KNMCap is a wholly-owned subsidiary and the funding conduit for KNM Group Berhad (KNM). The ratings reflect the group’s strong market position, well-diversified produc...
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MARC has withdrawn its DIS ratings on Ingress Sukuk Berhad’s (ISB) RM160 million Sukuk Al Ijarah Programme with immediate effect following the full redemption of the sukuk and cancellation of the programme on July 2, 2010, as confirmed by its facility agent, HSBC Bank Malaysia Berhad. Contacts: Sabesh Parameswaran, 03-2090 2260/ sabesh@marc.com.my; Francis Xaviour Joe, 03-2090 2279/ fxjoe@ma...
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MARC has affirmed the rating of Antara Steel Mills Sdn Bhd’s (Antara) RM500 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AID. The rating outlook is revised to positive from stable. The affirmed rating and outlook revision incorporates Antara’s overall operating profile and recent financial performance which have supported improvements in its liquidity and debt se...
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MARC has withdrawn its ‘CID‘ rating on Tracoma Holdings Berhad’s (Tracoma) proposed RM100 million Restructured Al Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) programme and reinstated its ‘DID‘ rating on Tracoma’s defaulted BaIDS. The rating agency notes that since the assignment of the preliminary rating to the restructured debt instrument in Novemb...
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MARC has withdrawn its MARC-1ID/AID ratings on Delloyd Ventures Berhad’s RM100 million Islamic Commercial Papers/Medium Term Notes (ICP/IMTN) Programme with immediate effect following the early redemption of the entire outstanding amount and cancellation of the programme on June 7, 2010, as confirmed by its facility agent CIMB Investment Bank Berhad.Contacts: Ryan Lee Ju Vern, 03-2090 2230/ ...
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MARC has withdrawn its ratings of MARC-2ID/AID on Premium Nutrients Berhad’s (Premium Nutrients) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) programme in connection with the cancellation of the MUNIF/IMTN effective April 8, 2010, as confirmed by its facility agent, MIDF Amanah Investment Bank Berhad. The facility cancellation follows the...
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MARC has issued a rating update on its CID rating on Tracoma Holdings Berhad’s (Tracoma) RM100 million Restructured Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) following Tracoma’s announcement on March 2, 2010 that it had become an affected listed issuer pursuant to Bursa Malaysia Securities Berhad’s (Bursa Malaysia) Practice Note 17 (PN17).Based on Tracoma’s f...
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MARC has affirmed the ratings of ABS Logistics Berhad’s (ALB) Senior Sukuk comprising RM100 million of Class A, RM20 million of Class B and RM40 million of Class C Sukuk at AAAIS , AAIS and AAAIS(bg), respectively. The outlook on the ratings is stable. The affirmed ratings of Class A and Class B Sukuk reflect the maintenance of adequate credit enhancements that are consistent with the ...
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MARC has withdrawn its rating of AID on Leader Universal Holdings Berhad’s RM150 million Murabahah Medium Term Notes Issuance Programme with immediate effect following the early redemption of the entire outstanding amount and cancellation of the programme on February 25, 2010, as confirmed by its facility agent, United Overseas Bank (Malaysia) Berhad. Contacts: Francis Xaviour Joe, 03-2090 2...
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