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MARC has affirmed the ratings of MARC-1IS /AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM100.0 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk IMTN) programmes with a stable outlook. TSH Ijarah is a special purpose funding vehicle created to facilitate the issuance of the notes under the rated programmes for its parent compan...
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MARC has affirmed the following ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Plantation Capital) Islamic debt issuances of up to RM400 million: AAAIS and AA+IS ratings on RM60.0 million Class A and RM30.0 million Class B asset-backed Sukuk Ijarah respectively; MARC-1ID(bg)/AAAID(bg) ratings on RM100.0 million Bank Guaranteed Murabahah Commercial Paper/Medium Term Notes (BG...
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MARC has withdrawn its ratings of AAAID and MARC-2ID(cg)/A-ID(cg) on Kwantas SPV Sdn Bhd’s (Kwantas SPV) RM155 million asset-backed Sukuk Ijarah and up to RM65 million Murabahah Commercial Papers/Medium-Term Notes (CP/MTN) Programme respectively. The ratings withdrawal follows the full redemption of the outstanding RM20.0 million Class A Sukuk Ijarah and the cancelation of the Sukuk Ijarah a...
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MARC has affirmed the ratings of MARC-1IS /AA-IS on special purpose vehicle TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM100 million Sukuk Ijarah Commercial Papers (Sukuk ICP) and RM300 million Sukuk Ijarah Medium Term Notes (Sukuk IMTN) programmes with a stable outlook. As at February 28, 2014, TSH Ijarah has RM275 million outstanding notes. TSH Ijarah is a funding vehicle of Bursa Malaysia-li...
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MARC has affirmed its rating of AAAIS(fg) on special purpose vehicle TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100 million Guaranteed Islamic Medium-Term Notes programme (Sukuk Musyarakah) with a stable outlook. The affirmed rating and outlook reflect the unconditional and irrevocable financial insurance guarantee on the rated programme by Danajamin Nasional Berhad (Danajamin) on whi...
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MARC has affirmed its AAAID rating on Kwantas SPV Sdn Bhd’s (Kwantas SPV) outstanding RM20.0 million Class A asset-backed Sukuk Ijarah and MARC-2ID(cg)/A-ID(cg) rating on Murabahah Commercial Papers/Medium Term Notes (CP/MTN) Programme of up to RM65.0 million. The outlook for the ratings is stable. The rating of Murabahah CP/MTN Programme is equalised with Kwantas Corporation Berhad’s ...
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MARC has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (Tradewinds Plantation Capital) asset-backed RM180.0 million Class A and RM30.0 million Class B Sukuk Ijarah (collectively the Sukuk) respectively with a stable outlook. Tradewinds Plantation Capital is a special purpose vehicle of Tradewinds Plantation Berhad (Tradewinds) incorporated to act as the fund...
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MARC has withdrawn its ratings on Dura Palms Sdn Bhd’s (Dura Palms) RM283.87 million Sukuk Ijarah with immediate effect, following the full redemption of the outstanding sukuk on June 28, 2013 amounting to RM108.0 million and cancellation of the facility as confirmed by the facility agent, Kenanga Investment Bank Berhad. The withdrawn sukuk ratings are as follows: AAAIS rating on RM100.0 mil...
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MARC has withdrawn its B rating on Dutaland Berhad’s outstanding RM10.6 million Redeemable Unsecured Loan Stock (RULS) following the full settlement of the RULS on April 11, 2013 as confirmed by the issuer. MARC will cease all analytical coverage on the issuer following the withdrawal of the rating. Contacts: Jasmine Kua, +603-2082 2280/ jasmine@marc.com.my; Rajan Paramesran, +603-2082 2233/...
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MARC has affirmed its rating on TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100.0 million Islamic Medium Term Notes (IMTN) Programme at AAAIS(fg) with a stable outlook. The rating action affects outstanding notes of RM50.0 million issued under the rated programme.TSH Musyarakah is a special purpose funding vehicle created to facilitate the issuance of the notes under the rated programm...
This article has been viewed 1557 times.