MARC has withdrawn its AA+ID rating on Ample Zone’s RM50.0 million Class A Sukuk Al-Ijarah (Sukuk) with immediate effect following its full redemption on 18th January 2008. Approximately RM9.52 million of Class B Sukuk was also redeemed on the same date. The early redemption for Class A and a portion of Class B Sukuk follows completion of the disposal of Wisma Talam, one of four securitized ...

MARC has reaffirmed the MARC-2ID /AID short-term and long-term ratings respectively of second-tier automation and material handling solution provider, Malaysian AE Models Holdings Berhad’s (MAE) RM200 Million Islamic Commercial Paper/Islamic Medium-Term Notes (ICP/IMTN) programme. The ratings carry a developing outlook. The reaffirmed ratings reflect MAE’s strong operating performance,...

MARC has reaffirmed its MARC-2/AID ratings of Maxtral Industry Berhad (Maxtral or the Group) on its RM80 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20 million Murabahah Underwritten Notes/ Murabahah Medium-Term Notes (MUNIF/MMTN) facilities. The ratings carry a stable outlook. The affirmation reflects Maxtral’s satisfactory operating performance, moderate debt leverag...

MARC has upgraded TSH Resources Berhad’s (TSH or the Group) RM60 million Murabahah Medium Term Notes (MMTN) rating to AA- ID from A+ID, and reaffirmed its RM40 million Al-Murabahah Commercial Papers (MCP) rating at Marc-1ID. The ratings carry a stable outlook.  The long-term rating upgrade reflects a strengthening of TSH’s financial profile due to the continuation of favourable pa...

MARC has reaffirmed its MARC-2ID / AID ratings on Premium Nutrients Berhad’s (“PNB”) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium-Term Notes (MUNIF/IMTN). The ratings carry a stable outlook. The ratings reflect PNB’s good business position as a specialty and non-specialty fats manufacturer with a broad product range and geographically diversifi...

Evermaster Group Berhad’s (“EGB” or “Group”) A- ID and MARC-2ID/A- ID ratings on its RM50.0 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM40.0 million Murabahah Multi-Option Notes Issuance Facility (MONIF) remain on MARCWatch Negative where they had been placed since July 13, 2007. The MARCWatch Negative reflects the Group’s working capital ...

MARC has reaffirmed Sarawak Specialist Hospital & Medical Centre Sdn Bhd’s (SSHMC) Istisna’ Serial Bonds (Bonds) rating at AAA(s)ID. The rating outlook is stable. The suffix(s) indicates that the rating on the Istisna Serial Bonds is supported by the Sarawak State Government’s obligation to pay, in a timely manner, amounts due under a Redeemable Preference Share (RPS) subscri...

MARC has reaffirmed the AAAID rating on Midciti’s 8 to 12-year Secured Bai Al-Dayn Bonds with a nominal value of up to RM1,605 million (Serial Bonds) and the AAA(s) rating on its 13-year Bonds with a nominal value of up to RM1,315 million.The reaffirmed ratings and the stable ratings outlook reflect the credit strength of PETRONAS, the head lessee of the PETRONAS Twin Towers (Tower 1 and Tow...

MARC has lowered its rating on MK Land Holdings Berhad’s (MK Land) RM300 million Serial Bonds Tranche 1 and Tranche 2 to BBB+ from A-. The rating downgrade reflects its weakening business and financial risk profile, in particular, its lower take up rate performance in Damansara Perdana and Damansara Damai, MK Land’s weak profitability measures, continued negative operating and free cas...

MARC has reaffirmed the rating of Petronas Assets Sdn Bhd’s (PAssets) RM282 million Bai Al-Dayn Notes Issuance Facility (NIF) at AAAID. The rating outlook is stable. PAssets is the owner and lessor of certain systems, equipment, machinery and other fixed assets and chattels located at PETROSAINS Discovery Centre (Petrosains Assets) and Tower 1 of the PETRONAS Twin Towers. The reaffirmed rati...