Press Releases
Displaying 2931-2940 of 3563 results.
Tuesday, Apr 25, 2006
MARC has assigned Islamic debt ratings of MARC-1ID/AAAID to Putrajaya Holdings Sdn Bhd’s (“PJH”) proposed RM1.5 billion Murabahah Commercial Papers and/or Medium-Term Notes (“CP/MTN”) Programme. The Islamic debt ratings reflect PJH’s robust capitalization coupled with a strong set of shareholders, exceptional financial flexibility and the strategic importance of PJH in the development ...

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Tuesday, Apr 25, 2006
MARC has reaffirmed the long-term rating of Auto ABS One Bhd’s (Auto ABS) RM510.0 million Class A bonds at AAA. This is premised on the portfolio of hire purchase receivables performing within stressed expectations, the availability of gross overcollateralization of 107.0% and a non-amortizing cash reserve equivalent to 2.5% of the nominal value of the bonds.Under the first tier of a two-tiered ...

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Tuesday, Apr 25, 2006
MARC has assigned a long term rating of A+ to Titisan Modal (M) Sdn Bhd’s (“TMSB”) proposed issuance of up to RM738.0 million Fixed Rate Serial Bonds (“FRSB”). The rating is a reflection of the water industry in the State of Selangor whereby the demand fundamentals for treated water is unwavering; satisfactory operating performance of the water treatment plant and the expected robust cas...

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Tuesday, Apr 25, 2006
MARC has affirmed Priceworth Wood Products Berhad’s (Priceworth) short and long term ratings of MARC-2/A respectively on its RM160.0 million Commercial Papers/Medium-Term Notes; reflecting the Group’s improving financials underpinned by growing timber extraction activity/contracting services coupled with expansion of its manufacturing facilities and better outlook of timber prices. The Group...

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Tuesday, Apr 25, 2006
MARC has placed PSSB Ship Management Sdn Bhd’s (“PSM”) RM40 million Bai’ Bithaman Ajil Islamic Securities (“BAIS”) on MARCWatch with a Negative Outlook, with the likelihood of suspension if the relevant information is not provided within two weeks of this announcement. The RM40 million BAIS was assigned an initial rating of AA-ID in November 2004. The action is due to PSM’s failure,...

This article has been viewed 994 times.
Monday, Apr 24, 2006
Shamelin Bina Sdn Bhd’s (“SBSB”) rating has been reaffirmed at A-ID which reflects, Koperasi Shamelin Berhad’s (KSB) satisfactory asset quality arising from the collection arrangement with ANGKASA (Angkatan Koperasi Kebangsaan Malaysia Berhad); low level of job transfers and resignations in the public sector; positive cashflow generating capacity throughout the tenure of the Murabahah Medi...

This article has been viewed 964 times.
Monday, Apr 24, 2006
The affirmed ratings of A+(bg)ID/ MARC-1(bg)ID for Mulpha International Bhd’s (MIB) RM75.0 million Bank Guaranteed Murabahah Notes Issuance Facility (MUNIF) reflect the unconditional and irrevocable bank guarantees provided by AmMerchant Bank Berhad and Southern Bank Berhad; whilst the affirmed ratings of AID/ MARC-2ID for MIB’s RM25.0 million Murabahah Commercial Paper/ Medium Term Notes (CP/...

This article has been viewed 938 times.
Monday, Apr 17, 2006
MARC has placed Mithril Bhd’s (“Mithril”) RM59 million Redeemable Convertible Secured Loan Stocks (“RCSLS”) on MARCWatch with a Negative Outlook, with the likelihood of suspension if the relevant information is not provided within two weeks of this announcement. The initial rating of BBB was assigned in October 2003 and affirmed in December 2004. The action is due to Mithril’s failure...

This article has been viewed 960 times.
Wednesday, Apr 12, 2006
MARC has received confirmation from Abrar Discounts Berhad, the facility agent for Pembangunan Brisdale’s RM55 million Murabahah Underwritten Notes Issuance Facility, that the facility has been fully redeemed and cancelled. As such, MARC no longer has any rating obligation on the facility and the MARC-4 ID rating is hereby withdrawn....

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Monday, Apr 10, 2006
MARC has placed Antara Steel Mills Sdn Bhd’s (“Antara”) RM500 million Bai’ Bithaman Ajil Islamic debt securities (BaIDS) on MARCWatch with Negative Outlook. Antara’s initial rating of A+ ID was assigned in August 2005. This action is based on Antara’s disclosure to MARC on 3 April 2006 on the shutdown of the groups HBI plant in Labuan since 31 October 2005 and the failure on the part o...

This article has been viewed 953 times.