Displaying 141-150 of 394 results.
MARC has affirmed its ratings of Kinsteel Berhad’s (Kinsteel) RM100.0 million Murabahah Commercial Papers/Medium Term Notes (Murabahah CP/MTN) and RM100.0 million Murabahah Medium Term Notes (MMTN) Programmes at MARC-2ID/AID and AID respectively. Concurrently, MARC has revised its rating outlook on the ratings to stable from developing.The revised outlook stems from expectations that the cre...
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MARC has issued this rating update in connection with Ingress Sukuk Berhad’s (ISB) RM160 million Sukuk Al Ijarah pursuant to a confirmation received from its facility agent that approval has been obtained from the sukukholders for a further six-month extension of the redemption date of the first tranche of the sukuk programme to July 9, 2010 from January 9, 2010. The redemption dates for the...
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MARC has removed 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 from MARCWatch Developing where it had been placed on December 4, 2009 to highlight an impending refinancing of the programme. Premium Nutrients is principally involved in the manufacturing...
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MARC has affirmed the short-term and long-term ratings of automotive part manufacturer, EP Manufacturing Berhad’s (EPMB) Murabahah Notes Issuance Facilities/Islamic Medium Term Notes (MUNIF/IMTN) of up to RM150.0 million and RM120.0 million at MARC-2ID/AID. The ratings carry a negative outlook. The affirmed ratings reflect EPMB’s dependence on the cyclical domestic automotive sector, i...
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MARC has affirmed the rating of Perwaja Steel Sdn Bhd’s (Perwaja) RM400.0 Million Murabahah Medium Term Notes (MMTN) Programme at AID and revised its rating outlook to stable from developing. The affirmed rating and revised rating outlook reflects MARC’s expectations of restored profitability and cash flow generation with the improving steel price environment. Perwaja’s financial...
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MARC has affirmed its rating of A on Handal Offshore Services Sdn Bhd’s (Handal) RM50.0 million Medium Term Notes Programme (MTN). The rating outlook has been revised to positive from stable. The affirmation of the rating is premised on greater earnings visibility from the company’s lifting solutions for workover projects division, which commenced operation in 2006 and the stable contr...
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MARC has affirmed Maxtral Industry Berhad’s (Maxtral) short-term rating of MARC-2ID and long-term rating of AID on its RM80 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20 million Murabahah Underwritten Notes/Murabahah Medium Term Notes (MUNIF/MMTN) facilities with a negative outlook. The negative outlook reflects softened profitability relative to pre-2008 levels and t...
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MARC has affirmed its MARC-1ID/A+ID ratings on Weida (M) Bhd’s (Weida) RM100 Million Murabahah Underwritten Notes Issuance/Islamic Medium-Term Notes Facility. The rating outlook is maintained at stable. The affirmed ratings reflect Weida’s strong market position in its core business of High Density Polyethylene Engineering (HDPE) product manufacturing, improved business line and geogra...
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MARC has revised its ratings on OPTIMAL Glycols (Malaysia) Sdn Bhd’s (Glycols) and OPTIMAL Chemicals (Malaysia) Sdn Bhd’s (Chemicals) (jointly known as Glycols & Chemicals) RM453.0 million and RM567.0 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively to AAAID(s) from AA+ID(s) and at the same time removed the ratings from MARCWatch Positive where they were fi...
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MARC has affirmed its MARC-2ID/AID ratings on Goodway Integrated Industries Berhad’s (Goodway) RM80 million Murabahah Notes Issuance Programme/Islamic Medium Term Notes Programme (MUNIF/IMTN). The outlook on the ratings is maintained at negative. The affirmed ratings take into consideration Goodway’s competitive position as a major domestic producer of rubber compounds and leading prov...
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