Displaying 2401-2410 of 3676 results.
MARC has affirmed the A and MARC-2 ratings of RCE Premier Sdn Bhd’s (RCEP) RM45.0 million Fixed Rate Serial Bonds and up to RM50.0 million Commercial Papers (CP) programme, respectively. The ratings carry a stable outlook. The affirmations are premised on the satisfactory performance of the securities’ underlying portfolios of receivables, and the maintenance of the minimum collateral ...
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MARC has affirmed the ratings of RCE Advance Sdn Bhd’s (RCEA) RM420.0 million Fixed Rate Medium-Term Notes programme (Facility) at A+ for RM240.0 million Class A; A for RM120.0 million Class B; and BBB+ for RM60.0 million Class C notes. The ratings carry a stable outlook. The affirmation and stable outlook are premised on the satisfactory performance of the securities’ underlying portf...
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MARC has affirmed the long-term ratings of Class Auto Receivables Berhad’s (Class Auto) RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C notes at AAA, AA and A+, respectively. The ratings carry a stable outlook. Since issuance through September 2008, the transaction has experienced better than expected delinquencies and cumulative defaults and lower than expected pr...
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MARC has affirmed the rating of Kapar Energy Ventures Sdn Bhd’s (KEV) RM3,402.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AA+ID. The rating carries a developing outlook. Concurrently, MARC has removed the rating from MARCWatch Negative placement where it had been placed since July 2008 on concerns linked to the unresolved technical issues at Kapar Power Station (KPS...
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MARC has removed its rating on Englotechs Holding Berhad’s (Englotechs) RM50.0 million Murabahah Medium-Term Note Programme (MMTN) from MARCWatch Negative and downgraded the rating to BBID from BBB-ID. Englotechs’ rating was first placed on MARCWatch Negative on April 1, 2008 due to a breach in financial covenants. The outlook on the rating is now negative.The downgrade is premised on ...
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MARC has affirmed its AAAID/MARC -1ID and MARC-1ID ratings to the RM1.5 billion Murabahah Commercial Paper/Medium Term Notes programme (CP/MTN) and RM150 million Murabahah CP programme respectively of Sime Darby Berhad (Sime Darby) and maintained a stable outlook on the ratings. Both facilities had been novated to Sime Darby following the completion of its merger exercise in November 2007. The aff...
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MARC has withdrawn its MARC-2/A ratings on TH Group Berhad’s RM200 Million Commercial Papers / Medium-Term Notes (CP/MTN) Programme with immediate effect, following the full redemption and cancellation of the CP/MTN programme, as confirmed by its facility agent, Citibank Berhad. Contacts: Hafizan Haron, 03-2090 2238/ hafizan@marc.com.my; Eric Chua, 03-2090 2245/ cheekiong@marc.com.my...
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MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating continues to reflect CGC’s role as a policy institution in promoting access to financing for small and medium enterprises (SMEs), as well as its majority-ownership by Bank Negara Malaysia (BNM). The rating is also underpinned by the credit guarantee provider’s robust capitalization...
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MARC has affirmed the AAA rating of Cagamas MBS Berhad’s (Cagamas MBS) asset-backed fixed rate serial bonds (CMBS 2004-1) of RM1,555.0 million. The rating carries a stable outlook. CMBS 2004-1 is the first residential mortgage-backed securitization issuance by Cagamas MBS involving a portfolio of government staff housing loans (GSHLs). The affirmed rating and stable rating outlook reflect th...
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MARC has withdrawn the AID rating assigned to Sapura Energy Sdn Bhd’s RM140.0 million Al-Bai’Bithaman Ajil Islamic Debt Securities (BaIDS) following the full redemption of the BaIDS as confirmed by the facility agent, CIMB Investment Bank Berhad. Contacts: Hafizan Haron 03-2090 2238/ hafizan@marc.com.my; Nor Azlina Abdullah, 03-2090 2256/ norazlina@marc.com.my. ...
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