Displaying 1931-1940 of 3676 results.
MARC is maintaining its AID and MARC-2ID/AID 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), respectively on MARCWatch Negative. The rating actions affect RM40.0 million of outstanding BaIDS and RM20.0 million of notes issued under t...
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MARC has affirmed its ratings of MARC-2ID/AID and AID on Kinsteel Bhd’s (Kinsteel) RM100 million Murabahah Commercial Papers/Medium Term Notes Programme (CP/MTN) and RM100 million Murabahah Medium Term Notes (MTN) Programme. The rating outlook is maintained at stable. The affirmed ratings and stable outlook incorporate Kinsteel’s strong competitive position in several steel product seg...
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MARC has downgraded its AIS and A-IS ratings on Dawama Sdn Bhd’s (Dawama) RM120.0 million Senior and RM20.0 million Junior Sukuk Musyarakah Medium Term Notes Programme respectively to BIS and has concurrently placed the ratings on MARCWatch Negative. Both ratings were on negative outlook prior to the downgrades. The equalised ratings on the Senior and Junior Sukuk reflects MARC’s view ...
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MARC has withdrawn the MARC-2ID/AID ratings on EP Manufacturing Berhad's (EPMB) RM150.0 million Murabahah Underwritten Notes Issuance/Islamic Medium Term Notes (MUNIF/IMTN) facilities with immediate effect following the full redemption and cancellation of the programme as confirmed by the facility agent, MIDF Amanah Investment Bank Berhad.MARC’s rating coverage on EPMB is now limited to its ...
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MARC continues to maintain its MARC-2ID/AID ratings on Emas Kiara Industries Berhad's (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) on MARCWatch Developing. The ratings have been placed on MARCWatch Developing since November 16, 2010 following EKIB's announcement that it will divest its core geosynthetic manufa...
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MARC has affirmed its rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM3,402.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AA+ID with a stable outlook. The rating has been affirmed despite KEV's weak liquidity and second consecutive year of losses on MARC's expectation of ongoing support from Tenaga Nasional Berhad (TNB), KEV's ultimate holding company. MARC notes th...
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MARC has affirmed its ratings of A+, A and BBB+ on outstanding Class A, B and C notes issued by RCE Advance Sdn Bhd (RCEA) under its RM420 million Fixed Rate Medium Term Notes (MTN) Programme. The ratings affect RM115 million of outstanding notes under Class A, RM105 million under Class B and RM60 million under Class C. The ratings outlook has been revised to negative from stable.RCEA is a special...
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MARC has affirmed the rating of Perwaja Steel Sdn Bhd’s (Perwaja) RM400 million Murabahah Medium Term Notes (MMTN) Programme at AID. The rating outlook has been revised to negative from stable. The outlook revision incorporates the recent deterioration in Perwaja’s operating performance, and continuing pressure from lower volumes and rising input costs. Of particular concern to MARC is...
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MARC REVISES MARCWATCH STATUS OF DRIR MANAGEMENT SDN BHD’S SUKUK RATINGS TO NEGATIVE FROM DEVELOPING
MARC is revising the MARCWatch status of its AAIS and AA-IS ratings on DRIR Management Sdn Bhd’s (DRIRM) RM180 million Class A and RM160 million Class B Sukuk Ijarah facilities respectively to negative from developing. The ratings were initially placed on MARCWatch Developing on September 21, 2010 pending the completion of a proposed refinancing of the Sukuk. MHS Aviation Berhad (MHSA), the ...
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MARC has assigned a final rating of AAAIS with a stable outlook to Aman Sukuk Berhad’s Islamic Medium-Term Notes Programme of up to RM10.0 billion 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 AAAIS was based. Full detail...
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