Displaying 281-290 of 582 results.
MARC has lifted the suspension of its rating of B+ID on Trinity Corporation Berhad’s (Trinity) outstanding RM95.1 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDS) and placed the rating on MARCWatch Negative.Since MARC announced the suspension of Trinity’s rating on February 27, 2012, the rating agency has received pertinent information on Trinity from the company&rsq...
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MARC has affirmed the following long-term ratings on Special Coral Sdn Bhd’s (Special Coral) RM300 million Senior Class and RM800 million Subordinated Class Medium Term Notes (MTN) under its RM1.1 billion MTN Programme:Medium Term Notes ProgrammeIssue sizeRatingOutlookSenior Class MTNs1.Class ARM160 millionAAAStable2.Class BRM40 millionAAStable3.Class CRM35 millionAStable4.Class DRM25 millio...
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MARC has suspended its B+ID rating on Trinity Corporation Berhad's (Trinity) Settlement Bithaman Ajil Islamic Debt Securities (Settlement BaIDS) following Trinity’s failure to provide important information for the rating agency to carry out its rating surveillance. The outstanding amount of the Settlement BaIDS stands at RM98.2 million as of February 24, 2012.MARC is unable to carry out its ...
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MARC has affirmed its ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium-Term Notes (IMTN) programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million at AAAID(bg) and MARC-1ID(s) respectively. The IMTN programme is unconditionally and irrevocably guaranteed by Public Bank Berhad. The AAA rating on the IMTN p...
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MARC has affirmed its rating of AAAIS on special purpose vehicle Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The rating affirmation reflects the credit of the Government of Malaysia (GoM) as the single obligor and sublessee which will make contractual sublease rental payments under irrevocable sublease agreements betwee...
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MARC has downgraded its ratings on Ample Zone Berhad’s (Ample Zone) RM9.65 million Class B Sukuk Ijarah (sukuk) and RM75 million Class C sukuk to D from BB+IS and B-IS respectively. The downgrades reflect missed principal payments of RM84.65 million on January 27, 2012. MARC has received confirmation from the facility agent and trustee that no payments were made on the date. Ample Zone had e...
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MARC has affirmed its AAIS rating with a stable outlook on Diversified Venue Sdn Bhd’s (DVSB) RM200 million Sukuk Al-Ijarah Master Programme. The rating affirmation is premised on the credit strength of UEM Group Berhad (UEM) which provides liquidity support to the sale-and-leaseback transaction undertaken by DVSB and First Impact Sdn Bhd (FISB), a wholly-owned subsidiary of UEM. In addition...
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MARC has affirmed its AAAID /MARC-1ID and AAAIS ratings on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt issuances as follows:- RM570 million Bai Bithaman Ajil (BBA) Bonds Issuance Facility (due 2013) RM850 million BBA Bonds Issuance Facility (due 2013) RM850 million BBA Serial Bonds Issuance Facility (due 2015) RM1.5 billion Murabahah Notes Issuance (MUNIF) Facility (due 2015)RM2.2 billio...
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MARC has assigned a rating of AAA(fg) to Segi Astana Sdn Bhd's (Segi Astana) RM470.0 million proposed guaranteed medium term notes (MTN) programme with a stable outlook.The rating is based on the full, unconditional and irrevocable guarantee provided by AAA rated financial guarantee insurer (FGI) Danajamin Nasional Berhad (Danajamin) and reflects the FGI's strong capital position and claims-paying...
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MARC has withdrawn its ratings of MARC-1/AAA, MARC-1/AA and MARC-1/A on the RM87 million Class A, RM16 million Class B and RM15 million Class C notes respectively, under Gandalf Capital Sdn Bhd’s RM118 million Commercial Papers/Medium Term Notes Programme with immediate effect. The rating withdrawal follows the full redemption of outstanding notes under the programme on November 30, 2011 and...
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