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MARC has assigned its long-term and short-term financial institution ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The assigned ratings reflect the bank’s low-risk business model, established track record in Malaysia as well as its strong capitalisation and healthy asset quality. The outlook on the ratings is stable. Largely focused on trading in money market and debt...
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MARC has assigned the ratings of MARC-1(fg)/AAA(fg) to property developer Syarikat Kapasi Sdn Bhd’s (SKSB) RM200 million Commercial Papers/Medium Term Notes (CP/MTN) Programme. The ratings carry a stable outlook. The assigned ratings and outlook are underpinned by the unconditional and irrevocable financial guarantee insurance policy provided by Danajamin Nasional Berhad (Danajamin) in relat...
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MARC has removed KMCOB Capital Berhad’s (KMCOB) RM630 million Murabahah Medium Term Notes (MTNs) from MARCWatch Developing. At the same time, MARC has affirmed its AA-ID(CG) debt rating on KMCOB with a Stable Outlook following the recent completion of Scomi Oilfield Limited’s (SOL) debt rationalisation exercise. KMCOB Capital is a funding vehicle for SOL, and the MTNs are ultimately gu...
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MARC has withdrawn its A+ID and MARC-2ID /A+ID ratings on toll road concessionaire Maju Expressway Sdn Bhd’s (MESB) RM380.0 million Al Bai’ Bithaman Ajil Primary Serial Medium Term Notes (BBA MTN) and up to RM80.0 million Murabahah Commercial Papers/Medium Term Notes (MCP/MTN) respectively following the early redemption of outstanding BBA MTN and MCP/MTN on June 15, 2010, as conf...
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MARC has withdrawn its MARC-1ID/AID ratings on Delloyd Ventures Berhad’s RM100 million Islamic Commercial Papers/Medium Term Notes (ICP/IMTN) Programme with immediate effect following the early redemption of the entire outstanding amount and cancellation of the programme on June 7, 2010, as confirmed by its facility agent CIMB Investment Bank Berhad.Contacts: Ryan Lee Ju Vern, 03-2090 2230/ ...
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MARC has assigned an AA- rating to Sports Toto Malaysia Sdn Bhd’s (Sports Toto) proposed Medium Term Note Programme (MTN) of up to RM800 million with a stable outlook. The rating is premised on the reliability of Sports Toto’s cash flow from its number forecast operations (NFO), its leading and entrenched market position in the oligopolistic NFO gaming industry and modest capital expen...
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MARC has assigned AA-ID rating on toll road concessionaire Maju Expressway Sdn Bhd’s (MESB) proposed RM550.0 million Islamic Medium Term Notes (IMTN) issuance programme under the Shariah principle of Musyarakah. The rating outlook is stable. The assigned rating incorporates the strong debt servicing coverage under the IMTN programme attributable to the favourable repayment structure, and sat...
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MARC has placed the ratings of all its Selangor water sector-related issuances on MARCWatch Negative. The rating action affects the following issuers and issuances:Syarikat Bekalan Air Selangor Sdn BhdRM3.0 billion BBA CP/MTN Programme - MARC-1ID / AA-IDPuncak Niaga (M) Sdn Bhd RM1,020.0 million BaIDS - AAIDRM546.875 million Junior Notes A ...
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MARC has placed the ratings of all its Selangor water sector-related issuances on MARCWatch Negative. The rating action affects the following issuers and issuances:Syarikat Bekalan Air Selangor Sdn BhdRM3.0 billion BBA CP/MTN Programme - MARC-1ID / AA-IDPuncak Niaga (M) Sdn Bhd RM1,020.0 million BaIDS - AAIDRM546.875 million Junior Notes A - A+RM435...
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MARC has placed the ratings of all its Selangor water sector-related issuances on MARCWatch Negative. The rating action affects the following issuers and issuances:Syarikat Bekalan Air Selangor Sdn BhdRM3.0 billion BBA CP/MTN Programme - MARC-1ID / AA-IDPuncak Niaga (M) Sdn Bhd RM1,020.0 million BaIDS - AAIDRM546.875 million Junior Notes A ...
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