Displaying 1671-1680 of 3676 results.
MARC has placed its ratings on Senai-Desaru Expressway Berhad's (SDEB) RM1.89 billion nominal value Senior Sukuk Ijarah Medium Term Notes (Senior Sukuk) Programme and RM3.69 billion nominal value Junior Sukuk Ijarah Medium Term Notes (Junior Sukuk) Programme on MARCWatch Negative. SDEB is the concession holder for the Senai-Pasir Gudang-Desaru Expressway (E22).The negative MARCWatch placement refl...
This article has been viewed 1682 times.
MARC has withdrawn its rating of AAA on Gerbang Perdana CIQ Sdn Bhd’s RM1.7 billion Medium Term Notes (MTN) with immediate effect. The rating withdrawal follows the redemption of the outstanding RM14.7 million notes under the rated facility on November 9, 2012 and concurrently the termination of the programme as confirmed by the facility agent.Contacts: Taufiq Kamal, +603-2082 2251/ taufiq@m...
This article has been viewed 1302 times.
MARC has downgraded its ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah Bonds and RM135.0 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) to BBB+IS and MARC-3ID/BBB+ID from A-IS and MARC-2ID/A-ID respectively. The outlook on the ratings remains negative. The rating action reflects TLP’s continued losses and weak ca...
This article has been viewed 1700 times.
MARC has withdrawn its AA- insurer financial strength (IFS) rating on Atlanticlux Lebensversicherung S.A (Atlanticux) following the insurer's decision not to request for a review of the rating. An IFS rating assigned pursuant to a one-time rating engagement such as Atlanticlux's is valid only for a period of one year from the assignment of the rating. Upon withdrawal of Atlanticlux's IFS rating MA...
This article has been viewed 1578 times.
MARC has withdrawn its financial institution ratings of AA-/MARC-1 on AmInvestment Bank Berhad (AmInvestment) at the bank's request. However, the rating agency will continue to maintain rating surveillance on AmInvestment for the purpose of assessing the quality of credit support provided by the bank as guarantor for the RM365 million Bank Guaranteed Serial Fixed Rate Bonds issued by Sistem Penyur...
This article has been viewed 1337 times.
MARC has withdrawn its A- rating on Perdana Petroleum Bhd’s (PPB) RM400 million Nominal Value Secured Serial Bonds (bonds) with immediate effect. The rating withdrawal follows the early redemption of RM70 million of outstanding bonds on September 7, 2012 as confirmed by the facility agent, United Overseas Bank (Malaysia) Berhad.Upon the withdrawal of the rating, MARC will no longer carry out...
This article has been viewed 1235 times.
MARC has affirmed its long-and short-term financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1, reflecting the bank’s very strong domestic competitive position, resilient earnings generation, sound risk management and strong capital adequacy. The ratings also incorporate the rating agency’s expectation of support given the bank’s systemic importance to...
This article has been viewed 1489 times.
MARC affirms the rating of TRIplc Ventures Sdn Bhd’s (TVSB) issuance of up to RM240.0 million Senior Medium Term Notes (MTN) at AAA(fg) with a stable outlook. The enhanced rating is premised on an unconditional and irrevocable financial guarantee by Danajamin Nasional Berhad (Danajamin) which has a rating of AAA/stable from MARC. Danajamin’s rating is premised on its role as Malaysia&r...
This article has been viewed 1740 times.
MARC has assigned a preliminary rating of AAAIS(fg) with a stable outlook on property developer Bolton Berhad’s (Bolton) proposed RM230 million 7-year Islamic Medium-Term Notes (IMTN) Programme. The assigned rating and stable outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the IMTN programme. Danaj...
This article has been viewed 1292 times.
MARC has affirmed the issue rating of AAA on Oversea-Chinese Banking Corporation Limited's (OCBC) redeemable subordinated bond of up to RM2.5 billion with a stable outlook. The rating action takes into account OCBC’s sizable retail and corporate banking franchise in Singapore and Malaysia, its excellent asset quality, its good core earnings profitability, and strong regulatory capitalisation...
This article has been viewed 1297 times.