Malaysian Rating Corporation Berhad (MARC) has assigned Islamic corporate debt ratings of MARC-1ID/AAAID (Islamic Debt) to Sime Darby Berhad’s (Sime Darby) proposed RM1,500 million Al-Murabahah Commercial Papers/Medium Term Notes (CP/MTN). The corporate debt ratings of Sime Darby reflect the diversity of the Group’s business, its solid capitalization, strong cash flow position and exceptio...

MARC has reaffirmed its rating of A- (A minus) on Reliance Pacific Berhad’s (RPB) RM100 million Redeemable Secured Bonds. The rating reflects the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and a fairly tight issue structure. The rating, however, is moderated by the vulnerability of the travel/tourism businesses to ad...

MARC has assigned a long term rating of A-ID (Single A minus, Islamic Debt) in respect of Sapura Energy Sdn Bhd’s (SESB) proposed RM140 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The rating reflects the SESB group’s strong market position in subsea and marine engineering activities; provision of maintenance services for light and heavy industrial turbines; provision of the ...

Malaysian Rating Corporation Berhad (MARC) has assigned a long term rating of AA ID (Double A flat Islamic Debt) and A+ ID (Single A plus Islamic Debt) in respect of MHS Aviation Berhad’s (MHSA) (formerly known as MHS Aviation Sdn Bhd) proposed RM60 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM140 million Nominal Value Junior Notes Issue (JNs) respectively. The rating of ...

MARC is pleased to announce that AmMerchant Bank Berhad as well as Aseambankers Malaysia Berhad / RHB Sakura Merchant Bankers Berhad emerged in the top position for MARC’s Lead Managers Table for First Half 2002, in terms of value, having each lead-managed RM0.5 billion worth of private debt securities (PDS) rated by MARC, followed by Abrar Discounts Berhad in the 2nd position with RM0.21 billi...

Bumi Armada Navigation Sdn Bhd (BAN)’s ratings have been upgraded to MARC-1ID / AA-ID (double A minus Islamic Debt) from MARC-1ID / AID in respect of the company’s RM80 million Murabahah Notes Issuance Facility / Islamic Medium-Term Notes. The ratings reflect the company’s competitive position in the area of providing marine transportation, tanker operations and support services for the ...

Malaysian Rating Corporation Berhad (MARC) today announced that it has posted a 51% increase in pre-tax profit to RM3,047,140 for the financial year ended 31 December 2001, on the back of a 31% increase in turnover to RM6,815,425. The Chairman, Encik Mohammad Abdullah attributed the strong performance to increased activity in the bond market, which in turn was driven by improving economic fundame...

Malaysian Rating Corporation Berhad (MARC) has downgraded the corporate debt rating of HVD Holdings Sdn Bhd’s (HVD) RM70.0 million Revolving Underwritten Facility (RUF) to ‘D’ from MARC-4. The downgrade follows HVD’s failure to meet a scheduled principal payment of RM35.0 million, due 11 February 2002, under the RUF.The total outstanding principal under the RUF stands at RM60.0 million, w...

MARC is pleased to announce that for the period January to December 2001, MARC had completed a total of 34 corporate debt issue ratings, valued at RM13.58 billion. Of the 34 corporate debt issues rated, 24 were Islamic private debt securities with a total value of RM10.68 billion, constituting 78.6% of the rated value. Aseambankers Malaysia Berhad topped MARC’s Lead Managers Table for 2001, in...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed MISC’s RM1.5 billion Murabahah Commercial Paper/Medium Term Notes Programme (2000/2005) ratings of MARC-1ID/AAAID (Islamic Debt). The affirmed ratings on MISC reflect MARC’s belief that the solid operating fundamentals of MISC’s Liquefied Natural Gas (LNG) shipping segment will provide the company with a strong ability to withstand ...