MARC has affirmed its AAA financial institution rating on Bank Pembangunan Malaysia Berhad (Bank Pembangunan) and MARC-1ID / MARC-1 programme ratings on the bank’s Islamic and/or Conventional Commercial Papers (CP) Programme of up to RM2.0 billion with a stable outlook. The ratings are premised on the high support uplift from the Malaysian government to Bank Pembangunan’s standalone cred...

MARC has assigned a AAA rating to Malayan Banking Berhad’s (Maybank) Senior Medium-Term Note (MTN) programme of up to RM10.0 billion in nominal value. The outlook on the rating is stable. The rating on the MTN is equalised to Maybank’s financial institution long-term rating of AAA/stable premised on the seniority of the MTN. The details on Maybank’s long-term and short-term financial institu...

MARC has affirmed the long-term and short-term financial institution ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The outlook on the ratings is stable. The affirmed ratings consider the investment bank’s strong capital position and healthy liquidity levels, underpinned by a conservative investment policy. Constraining the ratings is KAF Investment’s business model whic...

MARC has affirmed Malayan Banking Berhad’s (Maybank) long-term and short-term financial institution ratings of AAA and MARC-1 with a stable outlook. The affirmed ratings reflect Maybank’s very strong domestic banking franchise and resilient earnings generation, underpinned by a stable funding structure and strong capital position. These strengths notwithstanding, the rating agency notes weaken...

MARC has affirmed its AAA/MARC-1 financial institution (FI) ratings on Maybank Islamic Berhad (Maybank Islamic) and AA+IS  rating on Maybank Islamic’s RM1.0 billion Islamic Subordinated Sukuk (Subordinated Sukuk) which qualifies as Tier-2 capital. The outlook on all the ratings is stable.The Subordinated Sukuk is rated one notch lower than the bank’s FI rating, in line with MARC’s notch...

MARC has affirmed the long-term and short-term financial institution (FI) ratings of AA-/MARC-1 on Hong Leong Investment Bank Berhad (HLIB). The outlook on the ratings is stable.The FI ratings reflect HLIB's established profit track record in investment banking and stockbroking operations, underpinned by franchise interlinkages between HLIB and other entities within Hong Leong Financial ...

MARC has affirmed its MARC-1/AA ratings on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Paper and Medium-Term Notes (CP/MTN) programme with a stable outlook. HLFG is a non-operating financial holding company whose subsidiaries are mainly involved in banking (Hong Leong Bank Bhd), insurance (under HLA Holdings Sdn Bhd) and investment banking (under Hong Leong Capital Berhad)....

MARC has affirmed its ratings of AAA/AAAID on The Export-Import Bank of Korea’s (KEXIM) Conventional and/or Islamic Medium-Term Notes (MTN) programmes with a combined nominal value of RM3.0 billion and AAA on KEXIM’s RM1.0 billion MTN programme. The outlook on the ratings is stable. The affirmed ratings incorporate MARC’s assessment of support uplift from the government of the Re...

MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium-Term Notes (MTN) programme. The outlook on the rating is maintained at stable. The affirmed rating reflects Woori Bank’s strong banking operations in the Republic of Korea (South Korea), its stable funding and liquidity profiles as well as its sound capitalisation. The rating also considers Woori Bank’s contin...

MARC has assigned final short-term ratings of MARC-1/MARC-1ID respectively to Cagamas Berhad’s (Cagamas) Conventional and Islamic Commercial Paper (CCP/ICP) programmes with an aggregate combined limit of RM20.0 billion. The outlook on the ratings is stable. Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the CCP/ICP have not changed...