Displaying 2691-2700 of 3676 results.
The rating of Assar Chemicals Sdn Bhd’s (“ACSB”) RM150 million Serial Sukuk Musyarakah (“Sukuk”) has been reaffirmed at AAAIS. The rating outlook is stable. ACSB was incorporated to undertake the construction and operation of an independent oil terminal (“IOT”) in Senari, Kuching. The reaffirmed rating reflects the timely completion of the project, the hig...
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MARC has withdrawn the AA- corporate credit rating assigned to Dialog Group Berhad (“Dialog”) with immediate effect, upon Dialog’s request....
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MARC has reaffirmed the MARC-1ID(cg)/AA- ID(cg) of Harum Intisari Sdn Bhd’s (HISB) Al-Murabahah Commercial Papers (MCP) and Medium-Term Notes (MMTN) with a nominal value of up to RM300.0 million. The ratings outlook is stable. The ratings are based on an unconditional and irrevocable corporate guarantee extended by HISB’s ultimate holding company, Gamuda Berhad (Gamuda). The ratings re...
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MARC has withdrawn the MARC-1/AAA, MARC-1/AA, BB and B ratings assigned to Aragorn’s RM60.0 million Senior Class A CP/MTN, RM10.0 million Senior Class B CP/MTN, RM20.0 million Subordinated Class C MTN and RM25.0 million Subordinated Class D MTN with immediate effect following the full redemption of the CP/MTN notes on 3rd October 2007....
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MARC has reaffirmed the rating of Westports Malaysia Sdn Bhd’s (Westports) (formerly known as Kelang Multi Terminal Sdn Bhd) RM350 million Floating Rate Notes at AA. The rating outlook on the notes is stable. The rating reflects Westports’ consistently sound financial performance, its strategic location, and the growth prospects for port traffic. The port benefits fro...
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MARC has removed EP Manufacturing Bhd’s (EPMB) ratings of MARC-2ID /AID in respect of its RM150 million Murabahah Notes Issuance Facility (MUNIF)/Islamic Medium Term Notes (IMTN) and RM120 million MUNIF/IMTN from MARCWatch Negative, where they had been placed since July 19, 2007. EPMB manufactures and supplies automotive products to both the original and replacement markets. It is a tier-one...
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MARC has issued this announcement following updates to Class Auto Receivables Berhad’s (Class Auto) portfolio post sale. MARC has assigned ratings of AAA, AA and A+ to Class Auto’s RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C Medium-Term Notes (MTN) respectively in September 2007.In October 2007, MARC was informed that there were updates to Class Auto&rsqu...
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On 5 October 2007, MARC had placed DRB-HICOM Berhad’s (“DRB-HICOM”) A+ID /MARC-1ID ratings on its Islamic Debt Securities on MARCWatch Developing in relation to its proposed acquisition of the operation and maintenance (O&M) operator of Tanjung Bin Power Plant, Rangkai Positif Sdn Bhd, and intended divestment of its financial services – related investments. MARC is issu...
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MARC has reaffirmed the rating of A+ID on Sweetwater SPV Sdn Bhd’s (“SSPV”) RM195 million Bai Bithaman Ajil Islamic Debt Securities (“BaIDS”). The rating outlook for the BaIDS is stable. However, the rating remains sensitive to the outcome of the water sector reform.The rating is underpinned by the dividend paying capacity of Syarikat Pengeluar Air Selangor Holdings B...
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MARC has affirmed the rating of AAAID(bg) / A+ID on Viable Chip (M) Sdn Bhd’s (“VCSB”) RM50.0 million nominal value of Bank Guaranteed Bai’ Bithaman Ajil Islamic Debt Securities (“BaIDS A”) and RM150.0 million nominal value of Bai’ Bithaman Ajil Islamic Debt Securities (“BaIDS B”). The stable rating outlook for the BaIDS A mirrors that of the g...
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