Displaying 1831-1840 of 3676 results.
MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) long-term financial institution rating at AAA and concurrently affirmed its rating on CIMB Islamic’s Tier 2 Junior Sukuk Programme at AA+IS. The outlook on the long-term rating is stable. CIMB Islamic’s financial institution rating is equated to parent CIMB Bank Berhad’s (CIMB Bank), on account of the high level of...
This article has been viewed 1295 times.
MARC has affirmed the short-term and upgraded the long-term ratings of Boon Koon Group Bhd’s (BKGB) RM100 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) programme to MARC-3ID/BBBID from MARC-3ID/BBB-ID respectively. The rating outlook is stable. The rating action affects RM45 million of outstanding notes issued under the programme. The upgrade in the long-term rating ...
This article has been viewed 1536 times.
MARC has assigned a final rating of AA-IS with a stable outlook to DRB-HICOM Berhad’s RM1,800 million Islamic Medium-Term Notes Programme upon the receipt of final documentation for its forthcoming notes issuance. The terms and conditions of the notes have not changed in any material way from the draft documents on which the earlier preliminary rating of AA-IS was based. Full details on the ...
This article has been viewed 1336 times.
MARC has affirmed its rating of A- on Perdana Petroleum Berhad's (Perdana Petroleum, formerly known as Petra Perdana Berhad) Dual Currency Revolving Programme with a negative outlook. The rating action affects outstanding secured serial bonds of RM105 million issued under Tranche 1 of the programme.The bonds are the company's remaining obligations under the programme with the November 2011 repayme...
This article has been viewed 1300 times.
MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFHMB) long-term and short-term financial institution ratings of AA+/MARC-1, following the rating agency's affirmation of the long-term and short-term financial institution ratings of its parent, Kuwait Finance House K.S.C. (KFH) at AAA/MARC-1. The outlook on the ratings of both institutions has been revised to stable from negative.The lo...
This article has been viewed 1560 times.
MARC has assigned a final rating of AAIS with a stable outlook to ANIH Berhad’s RM2.5 Billion Senior Sukuk Musharakah Programme upon the receipt of final documentation for its forthcoming notes issuance. The terms and conditions of the notes have not changed in any material way from the draft documents on which the earlier preliminary rating of AAIS was based. Full details on the assigned ra...
This article has been viewed 1720 times.
MARC has assigned a preliminary rating of AA-IS to DRB-HICOM Berhad's (DRB-HICOM) proposed RM1.8 billion Islamic Medium-Term Notes Programme with a stable outlook pending final documentation review.The structure for the issuance of sukuk under the rated programme is based on the Shariah principle of murabahah. In the first leg of the murabahah transaction, DRB-HICOM will purchase Shariah-compliant...
This article has been viewed 1436 times.
MARC has withdrawn its rating of MARC-2ID on MM Vitaoils Sdn Bhd’s (MMV) RM45.0 million Murabahah Commercial Paper (MCP) Programme with immediate effect. The rating withdrawal follows the full redemption of outstanding notes under the programme on October 28, 2011 and the cancellation of the programme as confirmed by the facility agent. Contacts: Sabesh Parameswaran, +603-2082 2260/ sabesh@m...
This article has been viewed 1623 times.
MARC has affirmed 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 ratin...
This article has been viewed 1380 times.
MARC has withdrawn its B rating on Titisan Modal (M) Sdn Bhd’s (TMSB) RM738.0 million Fixed Rate Serial Bonds (FRSB) at the request of issuer. The rating withdrawal affects RM738.0 million of outstanding FRSB issued under the aforementioned facility. MARC's last rating action was on April 6, 2011 when the rating agency affirmed TMSB's standalone issue rating of B but withdrew the issuer's st...
This article has been viewed 1144 times.