Displaying 1701-1710 of 3676 results.
MARC has affirmed its rating of AAAIS(fg) on Antara Steel Mills Sdn Bhd’s (Antara) RM300 million Sukuk Mudharabah Programme (sukuk) programme with a stable outlook. The RM300 million sukuk is guaranteed by Danajamin Nasional Bhd (Danajamin). The rating on the sukuk programme is premised on MARC’s current rating of Danajamin’s financial strength at AAA/stable based on its importan...
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MARC has lowered its debt rating on Scomi Group Berhad’s RM500 million Medium Term Notes programme to BB+ from BBB+. The rating remains on MARCWatch Negative, where it was placed on June 21, 2012. The rating action affects RM200 million of outstanding notes due on September 28, 2012. The rating downgrade primarily reflects heightened repayment uncertainty as a result of Scomi’s delay ...
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MARC has affirmed its AA+ rating on ABS Samudera Receivables Berhad's (ASRB) Series A notes issued under its RM250.0 million Medium Term Notes Programme (MTN Programme). The outlook is maintained at negative. The rating action continues to reflect adequate credit support for the programme’s outstanding notes of RM1.3 million after taking account what the rating agency considers to be a reaso...
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MARC has affirmed its AA-ID rating on Maju Expressway Sdn Bhd’s (MESB) RM550.0 million Islamic Medium Term Notes (IMTN) Programme. The rating outlook is stable. MESB is the owner and concession holder of the Maju Expressway (MEX), a 26-kilometre open toll urban highway which connects Kuala Lumpur city centre with Putrajaya and Cyberjaya. The rating is supported by strong traffic growth since...
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MARC has affirmed its AA-/MARC-1 financial institution (FI) ratings on Hong Leong Investment Bank Berhad (HLIB) with stable outlook. The affirmed ratings and outlook take into account the improving diversity within HLIB’s income stream with higher contribution from its expanded investment banking operations, its established mid-sized retail stockbroking business and adequate capitalisation l...
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MARC has affirmed its short-term and long-term Islamic debt ratings of MARC-1ID/AAAID on UMW Holdings Berhad (UMW) with a stable outlook. The rating actions affect RM800 million of outstanding notes issued under the investment holding company's RM300 million Islamic Commercial Paper/Islamic Medium Term Notes (ICP/IMTN) Programme and RM500 million IMTN Programme. The affirmed ratings and outlook re...
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MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad’s (HLFG) RM1.8 billion Commercial Paper and Medium Term Notes (CP/MTN) programme with a stable outlook. The ratings are based on the improved domestic market position and core earnings capacity of commercial banking subsidiary, Hong Leong Bank Berhad (HLB), after the completion of the bank’s merger with EON Ba...
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MARC has assigned a final rating of AAAIS with a stable outlook to Celcom Transmission (M) Sdn Bhd's (CTX) RM5.0 billion in nominal value Sukuk Programme upon the receipt of final documentation for its forthcoming issuance. The terms and conditions of the Sukuk Programme have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS was based. Full d...
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MARC affirms its MARC-1/AAA rating of Inverfin Sdn Bhd’s (Inverfin) RM160.0 million Class A Notes issued under its RM200.0 million commercial papers/medium term notes (CP/MTN) programme. The programme allows for the issuance of junior Class B notes which would carry a rating of MARC-1/AA; however, Inverfin currently has no outstanding Class B notes issued under this programme. The ratings co...
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MARC has affirmed the rating of Gerbang Perdana CIQ Sdn Bhd’s (GPCIQ) RM1.7 billion Medium Term Notes (MTN) programme at AAA with a stable outlook. The rating action affects RM14.7 million of outstanding notes under the programme. The notes are backed by facility payment certificates (FPCs) issued by the Government of Malaysia (GoM) with very strong collection history. The FPCs represent the...
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