Displaying 1631-1640 of 3676 results.
MARC has affirmed the ratings of Dura Palms Sdn Bhd’s (Dura Palms) RM100 million Series A, RM90 million Series B and RM10 million Series C Sukuk Ijarah at AAAIS, AAIS and AIS respectively. The ratings carry a stable outlook. The rating action affects the outstanding amounts under the respective series of RM50 million, RM48 million and RM10 million. Wholly-owned by Teck Guan Holdings Sdn Bhd ...
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MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme. The rating outlook is revised to stable from negative. The rating action affects the last two outstanding tranches of RM10 million Islamic MTNs which will mature on May 24, 2013 and July 19, 2013. The outlook revision reflects MARC...
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MARC has affirmed its AAAID rating on Kwantas SPV Sdn Bhd’s (Kwantas SPV) outstanding RM40.0 million Class A asset-backed Sukuk Ijarah. The rating outlook remains stable. Concurrently, MARC has also affirmed its ratings on Kwantas SPV’s RM65.0 million Murabahah Commercial Papers/Medium Term Notes (CP/MTN) Programme at MARC-2ID(cg) /A-ID(cg) with a stable outlook. As the Murabahah CP/MT...
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MARC has withdrawn its MARC-1ID/AA-ID ratings on Bayu Padu Sdn Bhd’s (Bayu Padu) RM100 million Murabahah Commercial Paper/Medium Term Notes (Murabahah CP/MTN) programme with immediate effect following the full redemption of the outstanding RM90 million Murabahah CPs and the expiration of the seven-year facility programme on November 28, 2012. MARC’s analytical coverage on Bayu Padu is ...
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MARC has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Capital) asset-backed RM180 million Class A and RM30 million Class B Sukuk Ijarah (collectively known as Sukuk) respectively. The outlook on the ratings is stable.Special purpose vehicle Tradewinds Capital is a wholly-owned subsidiary of Tradewinds Plantation Berhad (Tradewinds) incorporated ...
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MARC has affirmed its long-term and short-term financial institution ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The bank’s focus on trading high quality fixed-income securities continues to underpin its modest credit and market risk profiles, and very strong regulatory capital adequacy position. Other important drivers for affirming the ratings include the bank&rsq...
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MARC has affirmed its AAAIS rating on Midciti Resources Sdn Bhd’s (Midciti) outstanding RM880 million Sukuk Musharakah Islamic Medium Term Notes (IMTN) Programme. The outlook on the rating is stable. Midciti is a 76.1% indirect subsidiary of Petroliam Nasional Berhad (PETRONAS) and is the owner of the 88-storey PETRONAS Twin Towers. Rental payments from PETRONAS as the head lessee of the PET...
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MARC has withdrawn its MARC-3ID /BBBID ratings on Boon Koon Group Bhd’s (BKGB) RM100 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme. Following the full redemption and cancellation of the facility on December 7, 2012, MARC will no longer provide analytical coverage on the issuer upon withdrawal of the aforementioned ratings.Contact: Sharidan Salleh, +603-2082 ...
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MARC has affirmed its AAAID(bg) and MARC-1ID(s) ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium Term Notes (IMTN) Programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million respectively. The ratings carry a stable outlook. Horizon Hills is jointly-owned by UEM Land Berhad (UEM Land) and Gamuda Berhad (Gam...
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MARC has affirmed its ratings of MARC-1(fg)/AAA(fg) on Riverson Corporation Sdn Bhd’s (Riverson) RM200 million CP/MTN facility with a stable outlook. The affirmed ratings and outlook reflect the unconditional and irrevocable financial guarantee on the rated programme by Danajamin Nasional Berhad (Danajamin), which has a rating of AAA/stable from MARC. Danajamin’s rating is underpinned ...
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