Displaying 1721-1730 of 3676 results.
MARC has affirmed the rating of Special Port Vehicle Berhad’s (SPVB) RM1,310.0 million nominal amount asset-backed serial bonds facility at AAA with a negative outlook. The affirmed rating takes into account the satisfactory payment history of the Port Klang Authority (PKA) to date in respect of its deferred payment obligations for the land purchase and development costs of Port Klang Free Z...
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MARC has affirmed its ratings on Transshipment Megahub Berhad’s (TMB) RM1,095.0 million fixed rate serial bonds (FRSB) and up to RM360.0 million Commercial Papers/Medium Term Notes (CP/MTN) programme at AAA and MARC-1/AAA respectively. The rating outlook is revised from negative to stable to reflect the fully funded status of the debt service reserves with respect to the final principal repa...
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MARC has withdrawn its MARC-2ID/AID ratings on EP Manufacturing Bhd’s (EPMB) RM120 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) Programme with immediate effect. The ratings withdrawal follows the redemption of the outstanding RM10 million notes under the rated facility on June 8, 2012 and subsequently the early cancellation of the facility on ...
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MARC has assigned a preliminary rating of AA-IS to Kimanis Power Sdn Bhd’s (Kimanis) RM1.16 billion Sukuk Programme. The outlook on the rating is stable. Kimanis is a 60:40 joint venture between PETRONAS Gas Berhad and Sabah state-owned entity NRG Consortium (Sabah) Sdn Bhd (NRG). NRG is an indirect wholly-owned subsidiary of Sabah state’s investment arm Yayasan Sabah Group (YSG).Kiman...
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MARC has affirmed its rating on Press Metal Berhad’s (Press Metal) outstanding RM320.5 million Redeemable Convertible Secured Loan Stocks (RCSLS) with detachable warrants at A- with a stable outlook.The proceeds from the RCSLS issuance had been on-lent to the issuer's subsidiary, Press Metal Bintulu Sdn Bhd (PMBintulu), to part-finance the construction of an aluminium smelting plant at Samal...
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MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on Malayan Banking Berhad (Maybank). The ratings are underpinned by Maybank’s strong and sustainable domestic banking franchise, stable asset quality and funding structure, good recurring earnings generation and prudent capitalisation. The ratings reflect Maybank’s standalone credit profile witho...
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MARC has withdrawn its ratings of MARC-1ID/A+ID on Weida (M) Berhad’s (Weida) RM100 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) with immediate effect. The ratings withdrawal follows the redemption of the outstanding RM25.0 million notes under the rated facility and concurrently the early termination of the programme on June 29, 2012 as confir...
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MARC has affirmed its ratings on LBS Bina Group Bhd’s (LBS Bina) RM135 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) Programme at MARC-1IS(fg) /AAAIS(fg) with a stable outlook. The affirmed ratings and stable outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the Programme. MA...
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MARC has affirmed its AAA/MARC-1 financial institution ratings on Maybank Islamic Berhad (Maybank Islamic). In addition, MARC has also affirmed its AA+IS rating on Maybank Islamic’s Islamic Subordinated Sukuk issuance of RM1.0 billion in nominal value. The outlook of the ratings is stable. The subordinated sukuk, which qualifies as Tier-2 capital for Maybank Islamic, is rated one notch lower...
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MARC DOWNGRADES DEBT RATING ON SCOMI GROUP BERHAD TO BBB+ AND MAINTAINS RATING ON MARCWATCH NEGATIVE
MARC has downgraded its rating on Scomi Group Berhad's RM500 million Medium Term Notes programme to BBB+ from A. The rating continues to be maintained on MARCWatch Negative. The rating action affects RM200 million of outstanding notes. The downgrade in Scomi's rating reflects noteholders' rising susceptibility to event risk as a result of a delay encountered in the completion of its announced dive...
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