Displaying 1781-1790 of 3676 results.
MARC has affirmed the ratings of ABS Logistics Berhad’s (ALB) Senior Sukuk comprising RM100 million of Class A, RM20 million of Class B and RM40 million of Class C Sukuk at AAAIS, AAIS and AAAIS(bg) respectively. The outlook on the ratings for the Class A and B Sukuk has been revised to negative from stable. The revision in outlook reflects increasing concerns over the credit profile of the ...
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MARC has revised the outlook on DRB-HICOM Berhad's (DRB-HICOM) AA-IS sukuk rating on its RM1.8 billion Islamic Medium Term Notes (IMTN) programme to negative from stable. The outlook revision recognises the potential weakening of DRB-HICOM's near-to-intermediate term financial profile due to its debt-funded acquisition of Proton Holdings Berhad (Proton). DRB-HICOM is acquiring a 42.74% stake in th...
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MARC has affirmed its ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium-Term Notes (IMTN) programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million at AAAID(bg) and MARC-1ID(s) respectively. The IMTN programme is unconditionally and irrevocably guaranteed by Public Bank Berhad. The AAA rating on the IMTN p...
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MARC has affirmed its long-term and short-term issue ratings of AA- and MARC-1 on WCT Berhad (WCT) with a stable outlook. A complete list of the ratings and rated issues is provided at the end of this announcement.The ratings for WCT recognise the group's near-term revenue visibility and its past demonstrated ability to respond to changing market conditions balanced against the business and financ...
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MARC has affirmed its short-term and long-term ratings of MARC-2ID/AID on EP Manufacturing Berhad's (EPMB) RM120 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) Programme with a stable outlook. The rating action affects RM10 million of notes outstanding under the programme.The affirmed ratings reflect the group’s strong domestic market position as leading Tie...
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MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The rating agency continues to classify CGC as a government-related financial institution on the basis of its public policy role of facilitating access to financing for small and medium enterprises (SMEs) by providing credit guarantees, and its majority government shareholding. CGC&...
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MARC WITHDRAWS ALIRAN IHSAN RESOURCES BERHAD’S DEBT RATING UPON FULL REDEMPTION OF OUTSTANDING RCULS
MARC has withdrawn its rating of A on Aliran Ihsan Resources Berhad’s (AIRB) RM56.9 million Redeemable Convertible Unsecured Loan Stocks (RCULS) and ceased analytical coverage on the issue with immediate effect following a request by the issuer received by MARC on January 26, 2012. The outstanding RCULS were fully redeemed on November 29, 2011. Contacts: David Lee, +603-2082 2255/ davi...
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MARC has lowered its rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd's (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) to A+ID from AA-ID. The rating outlook is stable. Concurrently MARC has affirmed its AA-(bg) rating on SPRINT's RM365 million Bank Guaranteed Serial Fixed Rate Bonds (BG Bonds) with a stable outlook.The rating and outlook of the BG Bonds reflect MAR...
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MARC has withdrawn its MARC-1/AA rating on Hong Leong Financial Group Berhad’s (HLFG) RM800 million commercial paper and medium-term notes (CP/MTN) programme with immediate effect. The rating withdrawal follows the full redemption of the issuance amounting to RM20 million on November 11, 2011 and concurrently the termination of the programme on January 14, 2012 as confirmed by the facility a...
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MARC has affirmed its rating of AAAIS on special purpose vehicle Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The rating affirmation reflects the credit of the Government of Malaysia (GoM) as the single obligor and sublessee which will make contractual sublease rental payments under irrevocable sublease agreements betwee...
This article has been viewed 1851 times.