MARC has affirmed its ratings of Kinsteel Berhad’s (Kinsteel) RM100.0 million Murabahah Commercial Papers/Medium Term Notes (Murabahah CP/MTN) and RM100.0 million Murabahah Medium Term Notes (MMTN) Programmes at MARC-2ID/AID and AID respectively. Concurrently, MARC has revised its rating outlook on the ratings to stable from developing.The revised outlook stems from expectations that the cre...

MARC has affirmed the ratings of Kinsteel Berhad’s (Kinsteel) RM100.0 million Murabahah Commercial Papers/Medium Term Notes (Murabahah CP/MTN) and RM100.0 million Murabahah Medium Term Notes (MMTN) Programme at MARC-2ID /AID and AID respectively with a revision in outlook from stable to developing. The rating affirmation reflects the company’s competitive business profile, supported by...

MARC has issued this rating update in connection with Kinsteel Berhad’s (Kinsteel) announcement on the proposed listing of Perwaja Steel Sdn Bhd (Perwaja). MARC is of the opinion that there is no immediate impact on the MARC-2ID / AID and the AID ratings of Kinsteel’s RM100.0 million Murabahah Commercial Paper / Medium Term Notes Programme (Murabahah CP/ MTN) and RM100.0 million Muraba...

MARC has affirmed the ratings of Kinsteel Berhad’s (Kinsteel) RM100.0 million Murabahah Commercial Papers/Medium-Term Notes (Murabahah CP/MTN) and RM100.0 million Murabahah Medium-Term Notes (MMTN) Programme at AID /MARC-2ID and AID respectively. The ratings carry a stable outlook, reflecting the company’s above average competitive position in the local steel industry supported by its ...

The ratings of AID/MARC-2ID and AID assigned to Kinsteel Berhad’s (Kinsteel) RM100 million Murabahah Commercial Papers/Medium-Term Notes (Murabahah CP/MTN) and RM100 million Murabahah Medium-Term Notes (MMTN) Programme respectively reflect the company’s proven track record  in the local steel industry in terms of its profit record, distribution network, access to scrap supply and ...