MARC has revised Evermaster Group Berhad’s (“EGB”) MARCWatch status on its MARC-2 ID rating in respect of its RM40 Million Murabahah Multi-Option Notes Issuance Facility (MONIF) to Negative from Developing. Concurrently, MARC has also placed the Group’s long-term rating of A- ID on MARCWatch Negative in respect of its RM50 Million Al-Bai Bithaman Ajil Islamic Debt Securitie...

MARC has revised its outlook on the rating of PECD Berhad’s (“PECD”) RM200 million serial fixed rate bonds to negative from developing. The outlook revision follows PECD’s announcement to Bursa Malaysia on 6 July 2007 that its wholly owned subsidiary, Peremba Construction Sdn Bhd (“PCSB”) had been served notices of termination of employment for contracts under i...

MARC reaffirms the short term rating of Kumpulan Guthrie Berhad’s (“Guthrie” or “the Group”) RM150 million Underwritten Murabahah Commercial Papers at MARC-1ID based on the Group’s key position as a major plantation player and successful property developer with vast land banks in Malaysia and Indonesia, its strong financial flexibility and continued improvement ...

MARC has assigned ratings of AA- IS and MARC-1 ID to Alam Maritim Resources Berhad’s (AMRB or the Company) RM500 million Sukuk Ijarah MTN Facility and RM100 million Murabahah Commercial Papers/ Medium-Term Notes Facility (MCP/MMTN). The ratings carry a stable outlook.The ratings reflect AMRB’s strong business position, favourable growth prospects, healthy financial condition as well as...

MARC said today that its A+ID and MARC-1ID ratings on Sunrise Berhad’s (“Sunrise”) long and short term Islamic debt ratings are not affected by the cancellation of the underwriting commitment for the Murabahah Notes Issuance Facility/Islamic Medium Term Notes Facility (“MUNIF/IMTN”) and the disposal of Plaza Mont’ Kiara with respect to the following MARC-rated i...

MARC has lowered its rating on PECD Berhad’s (“PECD”) RM200 million serial fixed rate bonds to BBB- from BBB with a Developing Outlook and has removed it from MARCWatch. The rating action reflects PECD’s weakened financial profile, an increase in overall business risk and the uncertainty in the timing of any recovery in credit protection measures even as it seeks to execute...

MARC has reaffirmed Priceworth Wood Products Berhad’s (“Priceworth” or the “Group”) RM160 million Commercial Papers/Medium-Term Notes ratings of MARC-2 and A respectively. The ratings carry a Developing Outlook. MARC views Priceworth’s vulnerability to cyclical developments affecting the timber/wood-based industry and share repurchases as a moderating factor to ...

MARC has lifted the MARCWatch Developing placed on Bayu Padu Sdn Bhd’s (“Bayu Padu”) A+ID/MARC-1ID rated RM500 million Istisna’ Bonds and RM100 million Murabahah Commercial Papers/Medium-Term Notes (“MCP/MMTN”). Bayu Padu is a wholly-owned special purpose vehicle of SapuraCrest Petroleum Berhad (“SapuraCrest”) incorporated to facilitate the issuance ...

MARC has reaffirmed the ratings of Musyarakah One Capital Berhad’s (“Musyarakah One”) Sukuk Musyarakah Series 2005-A and Series 2005-B at AAAID. The ratings reaffirmation reflects the credit strength of the Government of Malaysia (“GOM”) being the paymaster via its obligation under the Sijil Utama 2005-A and 2005-B, which have been legally assigned to Musyarakah One; ...

MARC has reaffirmed the ratings of Sime Darby Berhad’s (Sime Darby) RM1,500 million Al-Murabahah Commercial Papers/ Medium-Term Notes (MCP/MMTN) Programme at MARC-1ID/AAAID. The outlook of the ratings has been revised from stable to developing. The ratings reflect the strong financial condition of the Group characterised by a profitability record that is high by domestic standards which, in ...