Displaying 1771-1780 of 3676 results.
MARC has downgraded its ratings on Maxtral Industry Berhad's (Maxtral) RM80.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20.0 million Murabahah Underwritten Notes Issuance/Murabahah Medium Term Notes (MUNIF/MMTN) facilities to BBID and MARC-4ID/BBID from BBB-ID and MARC-4ID/BBB-ID respectively. The ratings continue to be maintained on MARCWatch Negative. The rating a...
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MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) Programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (Korea), good earnings generation capacity, sound funding profile and capitalisation, as well as progress made by the bank in strengthening its risk management framework. The rat...
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MARC has assigned a long-term foreign currency country ceiling of AA with a stable outlook for foreign currency debt to India on its national rating scale. The Government of India (GOI) has no debt rated by MARC; the country ceiling applies to ringgit-denominated issuances by entities domiciled in India following the rating agency’s decision to incorporate transfer and convertibility (T&...
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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 RM134.0 million of total outstanding sukuk comprising RM64.0 million Series A sukuk, RM60.0 million Series B sukuk and RM10.0 million Series C ...
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MARC has revised the outlook to negative from stable and affirmed its ratings at AA-IS and MARC-1ID/AA-ID on Alam Maritim Resources Berhad's (Alam Maritim) RM500 million Sukuk Ijarah Medium Term Notes (Sukuk Ijarah MTN) and RM100 million Murabahah Commercial Papers/Murabahah Medium Term Notes (MCP/MMTN) programmes respectively. The rating action affects RM475 million of outstanding notes issued un...
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MARC has downgraded the State Bank of India’s (SBI) Senior Unsecured Bonds of RM500 million to AA from AA+ following the incorporation of transfer and convertibility (T&C) risk into the ratings of ringgit-denominated debt issuances by foreign issuers. The outlook is stable.Under the refined methodology, MARC’s approach going forward will be to cap the ratings of non-sovereign forei...
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MARC has affirmed its ratings of A+IS and A-IS 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. SDEB, a 70:30 joint-venture between Rancak Bistari Sdn Bhd and Johor state-owned YPJ Holdings Sdn Bhd, is the conce...
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MARC has affirmed the AAAID(S) rating on Kuching Port Authority’s (KPA) RM180.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The rating is aligned to MARC’s credit rating of the Sarawak State Government on the basis of a letter of support from the Sarawak State Government (SSG) for the BaIDS. The rating also reflects the sufficiency of cont...
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MARC has affirmed its AAA/AAAID and MARC-1/MARC-1ID ratings on Cagamas Berhad’s (Cagamas) Conventional and Islamic Medium Term Note Programme of up to RM40 billion (MTN Programme) and its Conventional and Islamic Commercial Paper Programme of up to RM20 billion (CP Programme) respectively. MARC has also affirmed its MARC-1ID and AAAID ratings on Cagamas’ Islamic Commercial Paper ...
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MARC has suspended its B+ID rating on Trinity Corporation Berhad's (Trinity) Settlement Bithaman Ajil Islamic Debt Securities (Settlement BaIDS) following Trinity’s failure to provide important information for the rating agency to carry out its rating surveillance. The outstanding amount of the Settlement BaIDS stands at RM98.2 million as of February 24, 2012.MARC is unable to carry out its ...
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