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MARC WITHDRAWS RATING ON ABS SAMUDERA RECEIVABLES BERHAD’S RM250 MILLION MEDIUM-TERM NOTES PROGRAMME
MARC has withdrawn its AA+ rating on ABS Samudera Receivables Berhad’s (ASRB) RM250.0 million Medium-Term Notes Programme (MTN Programme) with immediate effect. The rating withdrawal follows the early full redemption of the outstanding RM1.3 million notes Series-A on December 26, 2013 and subsequently the cancellation of the facility as confirmed by the trustee, Pacific Trustee Berhad. Upon ...
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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) programme with a combined nominal value of RM3.0 billion and AAA on KEXIM’s RM1.0 billion MTN programme. The outlook for all the ratings is stable. The affirmed ratings incorporate support uplift from the government of the Republic of Korea (South ...
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MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on The Bank of East Asia, Limited (BEA), Hong Kong. The outlook on the ratings is stable. The affirmed ratings and outlook are based on MARC’s assessment of the bank’s capacity to meet its financial obligations on the Malaysian national rating scale. MARC considers BEA’s well-established ba...
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MARC has affirmed its AAA rating on Woori Bank’s RM1.0 billion Medium Term Notes (MTN) programme with a stable outlook. The affirmed rating reflects the bank’s strong banking franchise in the Republic of Korea (South Korea) and systemic importance in South Korea as well as its stable funding and liquidity profiles and sound capitalisation. MARC rates the notes at the same level as Sout...
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MARC has affirmed the long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee and Investment Facility (CGIF or Facility) with a stable outlook. The affirmed ratings reflect CGIF’s strong capital position and claims paying resources relative to its risk exposure, its sound leverage policy and traction gained in the ASEAN local currency and regional bond markets ...
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MARC has affirmed its AAA issuer rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The affirmed rating incorporates systemic support uplift from the institution’s stand-alone credit strength based on CGC’s public policy role to facilitate access to financing for small- and medium-enterprises (SMEs) and its majority ownership by the government via centr...
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MARC has affirmed its long-term and short-term financial institution ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF Investment). The affirmed ratings reflect KAF Investment’s strong capital adequacy position, prudent risk management, and comfortable levels of liquidity. The ratings are moderated by the investment bank’s earning and funding profile. The outlook on the ratings ...
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MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic or the bank) financial institution (FI) ratings at AAA/MARC-1 and concurrently affirmed its rating on CIMB Islamic’s RM2.0 billion Tier 2 Junior Sukuk Programme (Junior Sukuk) at AA+IS. The outlook on the ratings is stable. CIMB Islamic’s Junior Sukuk is rated one notch lower than its long-term financial institution ratin...
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MARC has affirmed its A+, A and BBB+ ratings on RCE Advance Sdn Bhd’s (RCEA) outstanding Class A, B and C notes of RM65 million, RM55 million and RM60 million respectively. The notes were issued under RCEA’s RM420 million Fixed Rate Medium Term Notes (MTN) Programme. The outlook on the ratings is stable. RCEA is a wholly-owned special purpose financing vehicle of RCE Marketing Sdn Bhd ...
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MARC has affirmed its AAA insurer financial strength (IFS) rating on Danajamin Nasional Berhad (Danajamin) with a stable outlook. The affirmed IFS rating continues to reflect Danajamin’s status as a government-sponsored and owned financial guarantee insurer (FGI) and perceived high support from the government in view of its public policy objective of facilitating greater corporate access to the ...
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