Displaying 1691-1700 of 3676 results.
MARC has withdrawn its rating of AA-ID on WCT Berhad’s RM100 million Islamic Fixed Rate Serial Bonds. The rating withdrawal follows the final redemption of the outstanding amount and the cancellation of the facility on August 29, 2012 as confirmed by the issuer.Contact: Taufiq Kamal, +603-2082 2251/ taufiq@marc.com.my....
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MARC has withdrawn its AAAID rating on Tenaga Nasional Berhad’s (TNB) RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility with immediate effect following the redemption of its final tranche of RM150 million on October 1, 2012 and cancellation of the facility as confirmed by the facility agent, KAF Investment Bank Berhad, on October 2, 2012. MARC’s analytical coverage on T...
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MARC has affirmed its rating on KMCOB Capital Bhd's (KMCOB) RM343.1 million Sukuk Murabahah Medium-Term Notes Programme of A+IS(CG) and revised its rating outlook to negative from stable.KMCOB is the funding vehicle of the Scomi Oilfield Limited (SOL) group. The sukuk benefits from corporate guarantee from Scomi Oiltools Bermuda Limited (Scomi Oiltools), the present immediate holding company of Sc...
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MARC has assigned a preliminary rating of AA-IS with a stable outlook to Weststar Capital Sdn Bhd's (Weststar Capital) proposed RM900 million Sukuk Mudharabah Programme. Weststar Capital is a special purpose entity wholly owned by Weststar Aviation Services Sdn Bhd (Weststar) that serves as the funding vehicle for the offshore aviation services provider.Proceeds from the notes will be used largely...
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MARC has withdrawn its rating of AAAIS(fg) on 1 Warisan Sdn Bhd’s RM170 million Islamic Medium Term Notes (IMTN) Programme. The rating withdrawal follows the early redemption of the outstanding notes and the cancellation of the facility on September 27, 2012 as confirmed by its facility agent, MIMB Investment Bank Berhad.Contacts: Nisha Fernandez. +603-2082 2269/ nisha@marc.com.my;Rajan Para...
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MARC has assigned a final rating of AAAIS with a stable outlook to Putrajaya Holdings Sdn Bhd’s (Putrajaya) RM3.0 billion Sukuk Musharakah Programme upon the receipt of final documentation for its forthcoming issuance. The terms and conditions of the Sukuk Musharakah Programme have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was b...
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MARC has affirmed the ratings on Radicare Sdn Bhd’s (Radicare) RM100 million CP/MTN facility at MARC-1/A+. The rating outlook is revised to stable from negative. The rating action incorporates the indefinite extension of Radicare’s concession agreement (CA) granted by the Malaysian government after the expiry of a six-month extension in April 2012. The extension which will be in force ...
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MARC has withdrawn its BB+ rating on Scomi Group Bhd’s (Scomi, or the issuer) RM500.0 million Medium-Term Notes (MTN) programme at the request of the issuer. The rating withdrawal affects RM142 million of outstanding notes due on September 28, 2012.The noteholders have approved and consented via resolution to the removal of the rating requirement for the notes and conversion of the notes to ...
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MARC has affirmed its short-term and long-term ratings of MARC-3ID and BBBID on Boon Koon Group Bhd’s (BKBG) RM100 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme with a stable outlook. The rating action affects RM25 million of outstanding notes issued under the programme.The affirmed ratings reflect the reduced refinancing risk related to BKBG’s upcomin...
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MARC has affirmed its rating on ANIH Berhad's (ANIH) RM2.5 billion Senior Sukuk Musharakah Programme (Sukuk Programme) at AAIS with a stable outlook.The affirmed rating reflects consistent traffic growth for ANIH’s portfolio of mostly matured toll concessions, namely the Kuala Lumpur-Karak Highway (KL-Karak), Phase 1 of the East Coast Expressway (ECE1) and the Kuala Lumpur-Seremban Expresswa...
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