Displaying 351-360 of 582 results.
MARC has withdrawn its A-ID rating on Glomac Berhad’s (Glomac) RM60.0 million Junior Bai Bithaman Ajil Islamic Bonds with immediate effect, following the full redemption and cancellation of the facility, as confirmed by its facility agent, MIDF Amanah Investment Bank Berhad. MARC continues to maintain MARC-2ID/A-ID ratings on Glomac’s outstanding RM25 million Murabahah Notes Issuance F...
This article has been viewed 1094 times.
MARC has affirmed its AAIS rating on Diversified Venue Sdn Bhd’s (DVSB) RM200 million Sukuk Al-Ijarah Master Programme (Sukuk). The rating outlook is stable. DVSB, a funding special purpose vehicle wholly-owned by First Impact Sdn Bhd (FISB), acquired a beneficial ownership in the land and building for the construction of Mercu UEM, UEM Group Corporate Headquarters from FISB via the Sukuk pr...
This article has been viewed 1274 times.
MARC continues to maintain MK Land Holdings Bhd’s (MK Land) BBB+ rated RM60.0 million outstanding bonds on MARCWatch Negative. The company was first placed on MARCWatch Negative on May 7, 2008 due to liquidity concerns following the deferment of scheduled payments to build up its sinking fund account. MK Land has since met the timeline to place RM30.0 million into the sinking fund account be...
This article has been viewed 1220 times.
MARC has affirmed its ratings on MARC-1/AAA, MARC-1/AA and MARC-1/A to Gandalf Capital Sdn. Bhd.’s (Gandalf Capital) RM118.0 million CPs/MTNs (the Notes) comprising RM87.0 million Class A Notes, RM16.0 million Class B Notes and RM15.0 million Class C Notes, respectively. The ratings carry a stable outlook. The affirmed ratings and stable outlook are premised on the low loan-to-va...
This article has been viewed 1201 times.
MARC has affirmed the ratings of MARC-1/AAA and MARC-1/AA on the RM125.0 million Senior Class A Notes and RM50.0 million Senior Class B Notes (Senior Notes) of the special purpose vehicle, Mutual Streams Sdn Bhd’s (MSSB) RM650 million Commercial Papers/Medium Term Notes (CP/MTN) programme. The ratings carry a stable outlook. The affirmation and stable outlook reflect the performance of the c...
This article has been viewed 1136 times.
MARC is issuing this rating update in relation to the BBB+ rating of MK Land Holdings Bhd’s (MK Land) RM60.0 million outstanding bonds which is currently under review for possible downgrade. The rating review will consider MK Land’s current weak liquidity, and the challenging prospects for improving its near-term liquidity ahead of its upcoming RM60.0 million debt maturity in September...
This article has been viewed 1102 times.
MARC has affirmed the AAAID(bg) and MARC-1ID(s) ratings on property developer, Horizon Hills Development Sdn Bhd’s (Horizon Hills) (formerly known as Arapesona Development Sdn Bhd) Islamic Bank Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million respectively. The ratings carry a stable outlook. The affirmed ...
This article has been viewed 1166 times.
MARC has affirmed the MARC-1ID(cg)/ AA-ID(cg) ratings on Harum Intisari Sdn Bhd’s (HISB) Al-Murabahah Commercial Papers (MCP)/Medium Term Notes (MMTN) with a nominal value of up to RM300 million. The ratings carry a stable outlook. The ratings and ratings outlook reflect the credit quality of guarantees extended by HISB’s holding company, Gamuda Berhad (Gamuda), a leading construction ...
This article has been viewed 1087 times.
MARC has affirmed the AAAID rating on Midciti Resources Sdn Bhd’s (Midciti) 8 to 12-year Secured Bai Al-Dayn Bonds with a nominal value of up to RM1,605 million (Serial Bonds) and the AAA(s) rating on its 13-year bonds with a nominal value of up to RM1,315 million. The ratings carry a stable outlook.The affirmed ratings and the stable ratings outlook reflect the credit strength of government...
This article has been viewed 1245 times.
MARC has affirmed its AAAID /MARC-1ID ratings on Putrajaya Holdings Sdn Bhd’s (PJH) Islamic debt issuances. The facilities affected by this rating action are: RM765 million Bai Bithaman Ajil (BBA) Bonds Issuance Facility (due 2010) RM570 million BBA Bonds Issuance Facility (due 2013) RM850 million BBA Bonds Issuance Facility (due 2013) RM850 million BBA Serial Bonds Issuance Facility (due 20...
This article has been viewed 1239 times.