Displaying 2271-2280 of 3676 results.
MARC has affirmed the ratings of DRIR Management Sdn Bhd’s (DRIRM) RM180 million Class A and RM160 million Class B Sukuk at AAIS and AA-IS respectively. The outlook on the ratings is maintained at stable. The ratings for both classes are premised on the continued strong cash flows generated on MHS Aviation Berhad’s (MHSA) service contracts which back its lease rental obligations under ...
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MARC has announced the affirmation of the AAA rating on Oversea-Chinese Banking Corporation Limited’s (OCBC) redeemable subordinated bonds. The rating factors in OCBC’s well-entrenched business presence in Singapore and Malaysia, its sound capitalisation, diversified earnings streams and strong risk management capabilities. MARC also derives comfort from the high level of support affor...
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MARC has affirmed the ratings of geosynthetic manufacturer, Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) at AID/MARC-2ID. At the same time, the rating outlook has been revised to developing from stable.The outlook revision is due to EKIB’s increased business risk exposur...
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MARC has placed its AAAID and AAID ratings on ABS Plantation Assets Berhad’s (ABS Plantation) Class A and Class B Senior Notes Bai-Bithaman Ajil Islamic Debt Securities (BaIDs) respectively on MARCWatch Developing. The MARCWatch placement reflects the uncertainties surrounding ABS Plantation’s planned early redemption exercise, which is contingent on consent from the BaIDsholders in co...
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MARC has withdrawn the AA-/MARC-1 ratings assigned to Hong Leong Financial Group Berhad’s (“HLFG”) RM300 million Commercial Paper and Medium-Term Notes Programme (CP/MTN) with immediate effect following notification by the facility agent of the expiry of the facility. MARC’s remaining rating obligation in respect of HLFG is now limited to its RM800 million CP/MTN Programme ...
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MARC has affirmed the ratings on Hong Leong Financial Group Berhad’s (HLFG) RM800 million Commercial Papers and Medium Term Notes (CP/MTN) (2007 to 2014) and RM300 million CP/MTN (2002 to 2009) Programmes at AA-/MARC-1. The affirmed ratings continue to reflect the group’s successful banking and insurance franchises, the consistent and resilient earnings performance of its principal ban...
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MARC has affirmed its MARC-1ID /AID ratings of Tomei Consolidated Berhad’s (Tomei) RM100.0 million Islamic Commercial Paper/ Medium-Term Notes (ICP/IMTN) Programme. The ratings carry a stable outlook. The affirmed ratings reflect Tomei’s significant jewellery-chain operations in the local jewellery market, its integrated operations that have allowed the company to offer a wide product ...
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MARC has removed its AAA and MARC-1/AAA ratings on Port Klang Free Zone (PKFZ)-related debt issuances from MARCWatch Negative where they were first placed on July 1, 2009. Concurrently, MARC has attached a negative outlook to the ratings. The rating actions affect the following issues:1. Special Port Vehicle Berhad’s (SPVB) RM1,310 million Asset-Backed Serial Bonds;2. Transshipment...
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MARC has affirmed its AAID long-term rating on MTD InfraPerdana Bhd’s (MTD InfraPerdana) RM700.0 million Islamic Medium-Term Notes (IMTN) programme. The rating outlook is stable. The rating reflects strong earnings and cash flow generation of its two wholly-owned toll concessionaires, in particular MTD Prime Sdn Bhd (MTD Prime) that are supported by sustained traffic flows on completed highw...
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MARC has placed its rating of AA-IS on Matang Highway Sdn Bhd’s (Matang) RM70.0 million sukuk Musharakah issuance on MARCWatch Negative. The MARCWatch Negative placement highlights that Zecon has fallen behind schedule in the second phase of construction of the Matang Route Project for Jabatan Kerja Raya Sarawak (JKR Sarawak). Matang services its obligations under the rated sukuk with progre...
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