Displaying 1571-1580 of 3676 results.
MARC has affirmed its AAAID rating on Cagamas MBS Berhad’s (Cagamas MBS) RM2,050.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) with a stable outlook. The rating action affects outstanding sukuk of RM1,325.0 million following the redemption of RM260.0 million Tranche 3 on August 8, 2012. CMBS 2005-1, representing the second residential home financing securitisation issuance b...
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MARC has assigned a final rating of AAAIS to TNB Northern Energy Berhad's (TNB Northern Energy) issuance of Islamic securities (sukuk) of up to RM2.0 billion with a stable outlook. Upon review of the final documentation of the forthcoming sukuk issuance, MARC is satisfied that the terms and conditions of the sukuk have not changed in any material way from the draft documents on which the earlier p...
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MARC has withdrawn its MARC-1ID/AAAID rating on UMW Holdings Berhad’s (UMW) RM500 million Islamic Medium Term Notes (IMTN) programme, which is one of the two Islamic debt programmes of the investment holding company that are rated by MARC. The withdrawal follows the full redemption of the outstanding RM500 million notes under the IMTN programme on May 9, 2013 from part proceeds of a new issu...
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MARC has withdrawn its AA+IS(bg) rating on Aras Sejagat Sdn Bhd’s (Aras Sejagat) RM500 million Bank Guaranteed Sukuk Ijarah (Sukuk Ijarah) programme. The withdrawal follows the full redemption of the Sukuk Ijarah programme on May 3, 2013, as confirmed by the facility agent. MARC will no longer provide analytical coverage on the issuer upon withdrawal of the aforementioned rating.Contacts: Se...
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MARC has downgraded its ratings on Kinsteel Berhad’s (Kinsteel) RM100.0 million Murabahah Commercial Papers/Medium Term Notes (CP/MTN) Programme and RM100.0 million Murabahah Medium Term Notes (MTN) Programme to MARC-3ID/BBBID and BBBID from MARC-2ID/A-ID and A-ID respectively. Concurrently, MARC has removed the ratings from MARCWatch Negative where it had been placed on April 17, 2013. The ...
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MARC has affirmed the 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 E...
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MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 with a stable outlook on Malayan Banking Berhad (Maybank). Maybank is the major operating entity and financial holding company of the Maybank Group which is engaged in conventional and Islamic banking, insurance, takaful and investment services. The ratings are underpinned by Maybank’s sizeable co...
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MARC has withdrawn its rating of AAAIS on Midciti Resources Sdn Bhd’s (Midciti Resources) outstanding RM880 million Islamic Medium Term Notes Programme. The rating withdrawal follows the completion of the novation of the aforementioned programme from Midciti Resources to Midciti Sukuk Berhad (MSB), a wholly-owned special purpose vehicle of KLCC Real Estate Investment Trust (KLCC REIT). The n...
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MARC has withdrawn its AA+ rating on CIMB Bank Berhad’s (CIMB Bank) RM1.5 billion nominal value subordinated bonds (Subordinated Bonds). The withdrawal follows the early and full redemption of the Subordinated Bonds on March 28, 2013, as confirmed by the facility agent. MARC’s analytical coverage on CIMB Bank is now limited to the bank’s financial institution rating of MARC-1/AAA...
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MARC has assigned a rating of AAAIS to Midciti Sukuk Berhad's (MSB) RM880 million Islamic Medium Term Notes Programme (Sukuk Programme). The outlook on the rating is stable. MSB’s RM880 million Sukuk Programme represents a novation of Midciti Resources Sdn Bhd’s (Midciti Resources) former IMTN programme of the same amount; the outstanding sukuk novated under the rated programme amounts...
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