MARC has assigned final ratings of MARC-1IS/AA-IS to Northport (Malaysia) Bhd’s (NMB) Islamic Commercial Papers Programme and Islamic Medium-Term Notes Programme respectively (collectively known as Sukuk Musharakah Programmes) with a joint limit of up to RM1.5 billion. The outlook on the ratings is stable.Upon review of the final documentation of the forthcoming issuance, MARC is satisfied ...

MARC has assigned preliminary ratings of MARC-1IS and AA-IS to port operator Northport (Malaysia) Bhd’s (NMB) Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme respectively (collectively known as Sukuk Musharakah Programmes) with a joint limit of up to RM1.5 billion. The outlook on the ratings is stable. The ratings incorporate NMB’s strategic im...