MARC has affirmed the long term rating of Medi Innovation Sdn Bhd’s (MISB) RM100 million Islamic Medium Term Notes Issuance Facility (IMTN facility) at AID and the short and long term ratings of its RM50 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) at MARC-2ID/AID with a Stable Outlook. The ratings of MISB reflect the competi...

MARC has withdrawn the AAA rating assigned to Auto ABS’s RM195.0 million Class A(2) bonds with immediate effect following the full redemption of Class A(2) bonds on 28th August 2007. MARC’s rating obligation in respect of Auto ABS’s up to RM510.0 million redeemable asset-backed bonds programme is now limited to the RM125.0 million Class A(3) bonds, which carries a AAA rating.As o...

MARC has withdrawn its MARC-1ID/AAAID ratings on Kumpulan Sime Darby Berhad’s (formerly known as Sime Darby Berhad) RM1.5 billion Al-Murabahah Commercial Papers/Medium Term Notes (MCP/MMTN) Programme. This action follows the recent novation of Kumpulan Sime Darby Berhad’s MCP/MMTN Programme to Sime Darby Berhad (formerly known as Synergy Drive Berhad), and in respect of which MARC has ...

MARC has withdrawn its MARC-1ID rating on Kumpulan Guthrie Berhad’s up to RM150 million Underwritten Murabahah Commercial Papers Facility (MCP). This action follows the recent novation of Kumpulan Guthrie Berhad’s MCP to Sime Darby Berhad (formerly known as Synergy Drive Berhad), and in respect of which MARC has assigned MARC-1ID rating with stable outlook....

MARC has assigned a rating of AAIS  to MNRB Holdings Berhad’s (MNRB) Islamic Medium-Term Notes (IMTN) Issuance Programme of RM200.0 million. The rating outlook is stable. This rating is reflective of the financial strength of its operating subsidiary, Malaysian Reinsurance Berhad (Malaysian Re) as well as MNRB’s strong consolidated capitalisation and financial flexibility. Partial...

MARC has upgraded KNM Capital Sdn Bhd’s (KNMC) long-term rating from A+ID  to AA- ID, and reaffirmed its short-term rating at MARC-1ID with respect to KNMC’s RM300.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium-Term Notes (MUNIF/IMTN). The rating carries a stable outlook.  KNMC is a wholly-owned subsidiary of KNM Group Berhad (KNM) and serves as the...

MARC has withdrawn its AA rating on Aegis One Berhad’s (Aegis One) RM900.0 million senior secured bonds (senior bonds) following confirmation that the bonds were fully redeemed on November 30, 2007. Meanwhile, the B-rated RM100.0 million subordinated secured bonds (subordinated bonds) remain outstanding. Since the transaction was originated in 2002, the collateral pool experienced a total of...

Under this transaction, Tradewinds Plantation Capital Sdn Bhd (TPCSB), a special purpose company and a wholly-owned subsidiary of Tradewinds Plantation Berhad (TPB) has been incorporated for the sole purpose of owning and leasing plantation assets for the benefit of the Sukuk holders under the RM210.0 million Sukuk Ijarah; as well as issuing RM90.0 million Murabahah Commercial Papers (CPs); and RM...

MARC has affirmed its corporate debt ratings on Scomi Group Bhd (Scomi) and KMCOB Capital Berhad (KMCOB Capital). KMCOB Capital is an indirect wholly-owned subsidiary of Scomi Oilfields Limited (SOL), the investment holding company of Scomi’s oilfield services division, and was established as a special purpose vehicle to issue the RM630.0 million Murabahah Medium Term Notes (MMTN) as part of...

MARC has affirmed its corporate debt ratings on Scomi Group Bhd (Scomi) and KMCOB Capital Berhad (KMCOB Capital). KMCOB Capital is an indirect wholly-owned subsidiary of Scomi Oilfields Limited (SOL), the investment holding company of Scomi’s oilfield services division, and was established as a special purpose vehicle to issue the RM630.0 million Murabahah Medium-Term Notes (MMTN) as part of...