Malaysian Rating Corporation Berhad (MARC) has assigned a long term rating of A ID (A flat Islamic Debt) in respect of TH Group Berhad’s (THG) proposed RM150 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The rating mainly reflects its diversified business portfolio, strong operating record, relatively strong balance sheet and the fairly stringent requirements under the issue ...

Malaysian Rating Corporation Berhad (MARC) has assigned a long term corporate debt rating of A (single A flat) to Tian Siang Holdings Sdn Bhd’s (Tian Siang) RM93 million nominal value coupon bearing secured serial bonds. The rating reflects the strength of the cashflow protection measures, moderate debt leverage level and operating efficiency, niche market positioning and moderate operating ris...