Displaying 3101-3110 of 3572 results.
The ratings of MARC-2/A- assigned to Equine Capital Berhad’s (ECB) Commercial Papers /Medium-Term Notes Programme of up to RM95 million (CP/MTN Programme) reflects the ECB group’s strong competitive position through its flagship developments in Seri Kembangan and its credible track record of timely completion of quality projects. Mitigating the ratings are the inherent cyclicality of the prop...
This article has been viewed 949 times.
MARC has assigned short and long term-ratings of MARC-2ID and AID respectively to Hytex Integrated Berhad’s (“HIB”) Murabahah Underwritten Notes Issuance Facility /Islamic Medium-Term Notes (“MUNIF/IMTN”) of up to RM100.0 million. The ratings reflect the group’s profile as an integrated garment manufacturer; long established relationship with a major international sports brand and supe...
This article has been viewed 1149 times.
MARC International has reaffirmed the rating of First Global Sukuk Inc.’s Serial Islamic Lease Sukuk Issuance of up to USD368 million at A-IS, reflecting Kumpulan Guthrie Berhad’s (as the lease paymaster) strong position as one of the country’s leading plantation players cum property developer with vast land banks in Malaysia and Indonesia; strong financial flexibility and the anticipation o...
This article has been viewed 1036 times.
MARC has received confirmation from Abrar Discount Berhad as the facility agent for Priceworth Wood Products Berhad’s RM60 million MONI facility that the facility has been fully redeemed and cancelled and all agreements related to the facility has been terminated accordingly. As such, MARC no longer has any rating obligation on the facility and the AID / MARC-2 ID rating is hereby withdrawn....
This article has been viewed 976 times.
The rating reflects Priceworth Wood Products Berhad (Priceworth) Group’s improving financials underpinned by growing timber extraction activity/contracting services coupled with high operational integration pertaining to its manufacturing activities. The Group’s vulnerability to cyclical developments affecting the timber/wood-based industry remains a moderating factor to the rating.Promoted t...
This article has been viewed 915 times.
MARC has received confirmation from the facility agent that Series A under Tranche I of Maxisegar Sdn Bhd’s RM250 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) amounting to RM10.0 million was redeemed on 25 February 2005. Hence, effective 26 February 2005, the facility limit has been reduced to RM240.0 million, taking into consideration the abovementioned redemption.Todate, only T...
This article has been viewed 953 times.
The rating of Kwantas Corporation Berhad (KCB) has been reaffirmed at A+ID, underpinned by the integrated nature of the KCB Group’s palm oil operations; its expanding activities namely, the establishment of operations in China (Guangzhou and Zhangjiagang), the commercialization of renewable bio-mass energy and the Group’s strengthening financial profile.KCB Group’s credit strength is drawn f...
This article has been viewed 1096 times.
MARC has received confirmation from the facility agent that Pembinaan Mitrajaya Sdn Bhd’s RM55 million BaIDS has been fully redeemed. As such, MARC no longer has any rating obligation on the bonds and the A-ID rating is hereby withdrawn....
This article has been viewed 991 times.
Malaysian Rating Corporation Berhad (MARC) has assigned a long term rating of AAAID to Musyarakah One Capital Berhad’s RM566.56 million Sukuk Musyarakah Series 2005-A.Under this transaction, a bankruptcy remote special purpose vehicle, Musyarakah One Capital Berhad (“Musyarakah One”), has been incorporated for the purpose of acquiring receivables from the Originator, TIME Systems Integrators...
This article has been viewed 1250 times.
MARC has received confirmation from the facility agent that Talam’s RM150.0 Million 7-Year Secured Bonds with 107.6 Million of Detachable Warrants has been fully redeemed. As such, MARC no longer has any rating obligation on the Facility and the assinged A rating is hereby withdrawn....
This article has been viewed 1073 times.