Displaying 1481-1490 of 3676 results.
MARC has assigned a preliminary rating of AAAIS to TNB Western Energy Berhad’s (TNB Western Energy) proposed issuance of Islamic Sukuk (sukuk) of up to RM4.0 billion with a stable outlook. TNB Western Energy is a wholly-owned funding vehicle of TNB Manjung Five Sdn Bhd (TNB Manjung Five) which in turn is wholly owned by national utility company Tenaga Nasional Berhad (TNB). TNB Manjung...
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MARC has withdrawn its AA-IS and A- ratings on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd's (Kesturi) RM820 million Sukuk Musyarakah Medium Term Notes Programme (Senior Sukuk) and RM50 million Redeemable Junior Bonds (Junior Bonds) respectively upon full early redemption of the outstanding notes.The outstanding Senior Sukuk and Junior Bonds were fully refinanced with new issuances under a RM2.3...
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MARC has affirmed its ratings of MARC-1(fg)/AAA(fg) on property developer Riverson Corporation Sdn Bhd’s (Riverson) RM200 million CP/MTN programme with a stable outlook. The affirmed ratings and outlook are premised on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin) for the programme. Danajamin carries a financial insurer rating of AAA/...
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MARC has withdrawn its A+IS(cg) rating on KMCOB Capital Berhad’s (KMCOB) RM343.1 million Sukuk Murabahah Medium Term Notes (MTN) programme with immediate effect. The rating withdrawal follows the early redemption and full settlement of the programme on December 6, 2013 as confirmed by the facility agent, Hong Leong Investment Bank Berhad. MARC’s analytical coverage on KMCOB is no...
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MARC has assigned an insurer financial strength rating of AA- on Malaysia’s national rating scale to Luxembourg-based Atlanticlux Lebensversicherung S.A. (ATL). The primary driver for the rating is ATL’s focus on writing relatively low-risk unit-linked life policies and the life insurer’s low retention of mortality risks and guarantee risk on unit-linked business with guarantees....
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MARC has removed Kinsteel Berhad’s (Kinsteel) CID rating on the RM100 million Murabahah Medium Term Notes (MMTN) programme from MARCWatch Negative where it had been placed since July 15, 2013. The CID rating on the MMTN programme is maintained. The outstanding amount under the MMTN programme is RM50 million, with the next payment of RM10 million due on September 5, 2014. The CID rating denot...
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MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFHMB) long-term and short-term financial institution (FI) ratings of AA+/MARC-1 as well as the AAA/MARC-1 ratings on its parent, Kuwait Finance House K.S C. (KFH). The outlook on all ratings is stable.KFHMB's affirmed ratings continue to be driven by MARC's expectation of parent support being available to the bank. MARC's top-down approa...
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MARC has assigned a final rating of AA-IS with a stable outlook to Malakoff Power Berhad’s (MPower) Sukuk Murabahah of up to RM5.4 billion. Upon review of the final documentation of the forthcoming issuance, MARC is satisfied that the terms and conditions of the Sukuk Murabahah have not changed in any material way from the draft documents on which the earlier preliminary rating of AA-IS was ...
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MARC has affirmed its AAAID long-term rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The rating reflects the continued support of parent company Putrajaya Holdings Sdn Bhd (PJH) and ultimate holding company Petroliam Nasional Berhad (PETRONAS) which enables GDC Putrajaya to ...
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MARC has affirmed the ratings of MARC-1(fg)/AAA(fg) on Syarikat Kapasi Sdn Bhd’s (Kapasi) RM200 million Commercial Papers/Medium Term Notes (CP/MTN) Programme with a stable outlook. The affirmed rating and outlook are premised on the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin) for the CP/MTN Programme. MARC has a current rating of AAA/s...
This article has been viewed 1595 times.