Press Releases
Displaying 3011-3020 of 3563 results.
Monday, Dec 19, 2005
MARC has reaffirmed the rating for Sapura Energy Sdn Bhd’s (SESB) RM140 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AID reflecting the company’s strength in the marine engineering business; synergies arising from the consolidation of the company under SapuraCrest Petroleum Berhad (SapuraCrest); and its stable financial profile. The rating, however, is moderated by the ...

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Thursday, Dec 15, 2005
MARC received written confirmation on 14 December 2005 from PB Trustees Berhad, the Trustee of WCTE`s Unsecured Bonds that the Unsecured Bonds were fully redeemed on 6 October 2005.Accordingly, MARC has withdrawn the rating of the Unsecured Bonds....

This article has been viewed 966 times.
Monday, Dec 12, 2005
MARC has assigned a rating of AA-IS to Vastalux Capital Sdn Bhd’s (VCSB) Islamic Securities under the principle of Musyarakah Mutanaqisah (Sukuk Musyarakah) of RM100.0 million. The rating assignment reflects the strong credit risk of the offtaker, Petronas Carigali Sdn Bhd (PCSB); protective issue structure which mitigates risk of commingling of funds from two main contracts with PCSB with the ...

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Monday, Dec 12, 2005
MARC has assigned rating of AAA to Cagamas MBS Berhad’s (Cagamas MBS) RM2,060.0 million secured fixed-rate serial bonds. The rating is based on the stringent core and portfolio eligibility criteria, aimed at partially mitigating risk of delinquencies and defaults further reinforced by representations and warranties provided by the Federal Government of Malaysia (GOM); deductions of mortgage pay...

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Thursday, Dec 08, 2005
The rating affirmation of A+ID on Ingress Sukuk Berhad’s (ISB) RM160.0 million Sukuk Al Ijarah Issuance is underpinned by Ingress Corporation Berhad’s (Ingress) track record as one of the leading local automotive component manufacturers with a diversified customer and geographical distribution; and its fairly strong financial profile. Moderating factors, however, include the vulnerability of ...

This article has been viewed 871 times.
Monday, Dec 05, 2005
The MARC-1ID (Islamic Debt) rating assigned to Kumpulan Guthrie Berhad’s (Guthrie) proposed RM150 million Underwritten Murabahah Commercial Papers reflects the Group’s strong position as one of the country’s leading plantation players cum property developer with vast land banks in Malaysia and Indonesia; its sound financial profile and strong financial flexibility. Moderating factors to the...

This article has been viewed 944 times.
Monday, Dec 05, 2005
MARC has affirmed the ratings of CNLT (Far East) Berhad’s (CNLT) RM60 million Bank Guaranteed CP/MTN at A(bg)/ MARC-1(bg). This reflects the weakest link rating within the unconditional and irrevocable bank guarantees provided by a consortium of financial institutions. The bank guarantors consist of Aseambankers, Malayan Banking Berhad, Bumiputra Commerce Bank Berhad and EON Bank Berhad. CNLT is...

This article has been viewed 1196 times.
Friday, Dec 02, 2005
MARC has assigned rating of A+ID/MARC-2ID to Emas Kiara Industries Berhad’s (“EKIB”) Partially Underwritten Murabahah Notes Issuance Facility/Islamic Medium-Term Notes Issuance Facility (“MUNIF/IMTN”) Programme of up to nominal value of RM80 million. The rating assignment is a reflection of EKIB’s position as a leading market player in the geosynthetic products segment in Malaysia; the...

This article has been viewed 855 times.
Wednesday, Nov 30, 2005
MARC has received written confirmation on 29 November 2005 from Malaysian Trustees Berhad, the Trustee of PHS’ BaIDS; that the Tranche V BaIDS was fully redeemed on 17 November 2005.Accordingly, MARC has lifted the rating watch and simultaneously withdrew the rating of the Tranche V BaIDS....

This article has been viewed 1026 times.
Monday, Nov 28, 2005
MARC has assigned an Islamic debt long term rating of AAAID to Putrajaya Holdings Sdn Bhd’s (“PJH”) proposed RM2.2 billion Islamic Medium-Term Notes (“IMTN”) Programme. The rating reflects PJH’s solid capitalization underlined by the strong set of shareholders, exceptionally strong financial flexibility and the strategic importance of PJH in the development of Putrajaya as the nation...

This article has been viewed 1060 times.