Displaying 261-270 of 582 results.
MARC has affirmed its rating of AAA(fg) on Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million Medium Term Notes (MTN) programme with a stable outlook. The rating reflects the unconditional and irrevocable financial insurer guarantee provided by Danajamin Nasional Berhad (Danajamin). Danajamin is rated by MARC at AAA/Stable based on the financial insurer’s strong capital position and claims-...
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MARC has affirmed the rating of Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion at AAAIS with a stable outlook. Aman is a special purpose vehicle established to facilitate the issuance of IMTNs on behalf of its parent Pembinaan BLT Sdn Bhd (PBLT), which is wholly-owned by the Malaysian government. PBLT has been tasked to construct facilities and ...
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MARC has assigned final ratings of MARC-1IS/AA-IS with a stable outlook to UEM Land Holdings Berhad’s (ULHB) RM2.0 billion Islamic Commercial Paper (ICP) and Islamic Medium Term Notes (IMTN) programmes with a combined nominal value of RM2.0 billion and a sub-limit of RM500 million for the ICP programme. Upon MARC’s review of the final documentation for its forthcoming notes issuance, M...
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MARC has upgraded the rating on property developer Sunrise Berhad’s (Sunrise) RM400 million Islamic Medium Term Notes (IMTN) Programme to AA-ID from A+ID. The rating outlook is stable. The rating action affects the outstanding RM200 million IMTNs under the rated programme. The rating upgrade equalises Sunrise’s rating to that of its parent UEM Land Holdings Berhad (ULHB), premised on M...
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MARC has removed its rating on Trinity Corporation Berhad’s (Trinity) outstanding RM93.9 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDS) from MARCWatch Negative and concurrently downgraded the rating to B-ID from B+ID. The lowering of the rating reflects continuing uncertainty related to unresolved cross-default issues at the property developer which places the Settlement...
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MARC has affirmed the ratings of MARC-1(fg)/AAA(fg) on Syarikat Kapasi Sdn Bhd’s (Kapasi) RM200 million Commercial Papers/Medium Term Notes (CP/MTN) Programme with a stable outlook. The rating action is premised on the financial guarantee insurance policy provided by Danajamin Nasional Berhad (Danajamin) for the CP/MTN Programme. MARC has a current rating of AAA/stable on Danajamin, which is...
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MARC has assigned preliminary ratings of MARC-1IS /AA-IS to UEM Land Holdings Berhad’s (ULHB) proposed Islamic Commercial Paper (ICP) Programme and Islamic Medium Term Notes (IMTN) Programme with a combined nominal value of RM2.0 billion and a sub-limit on the ICP Programme of RM500 million in nominal value. The rating outlook is stable. The ratings reflect ULHB’s position as a strateg...
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MARC has assigned a final rating of AAAIS(fg) with a stable outlook to Bolton Berhad’s (Bolton) RM230 million Islamic Medium Term Notes (IMTN) Programme upon the receipt of final documentation for its forthcoming issuance. The terms and conditions of the IMTN Programme have not changed in any material way from the draft documents on which the earlier preliminary rating of AAAIS(fg) was based...
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MARC has assigned a preliminary rating of AAAIS(fg) with a stable outlook on property developer Bolton Berhad’s (Bolton) proposed RM230 million 7-year Islamic Medium-Term Notes (IMTN) Programme. The assigned rating and stable outlook are underpinned by an unconditional and irrevocable Kafalah Guarantee provided by Danajamin Nasional Berhad (Danajamin) in relation to the IMTN programme. Danaj...
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MARC has withdrawn its rating of AAIS on Diversified Venue Sdn Bhd’s RM200 million Sukuk Al-Ijarah Master Programme. The rating withdrawal follows the early redemption of the outstanding sukuk and the cancellation of the programme on October 12, 2012 as confirmed by its facility agent, HSBC Amanah Malaysia Berhad.Contacts: Nisha Fernandez, +603-2082 2269/ nisha@marc.com.my; Rajan Paramesran,...
This article has been viewed 1141 times.