Malaysian Rating Corporation Berhad (MARC) has reaffirmed Setia Putrajaya Sdn Bhd’s (Setia Putrajaya) RM375 million Murabahah Notes Issuance Facility (MuNIF)/Medium Term Notes (MTN) (1998/2001) ratings at MARC-2ID /A+ID. In respect of the RM170 million MuNIF (2000/2003), MARC has also reaffirmed the rating at MARC-2ID The ratings reaffirmation reflect Setia Putrajaya’s manageable construction...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of A-ID (A minus, Islamic debt) to Tranche 1 (RM120 million) of Kuala Lumpur Sentral Sdn Bhd’s (KLSSB) Al-Bai Bithaman Ajil Islamic debt securities facility. Tranches 2A, 2B, 3, 4A and 4B (total RM800 million) of the said facility have been assigned a rating of AID (s) (A, Islamic debt with liquidity support). The rating...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term Islamic debt rating of A-ID (A minus, Islamic Debt Security) to Maxisegar Sdn Bhd’s (Maxisegar) RM300 million Al-Bai Bithaman Ajil with Islamic Debt Securities (BaIDS) facility. The rating reflects the strength of the underlying issue structure, in which, secured sales from specific property development projects have been ear...

Malaysian Rating Corporation Berhad (MARC) has assigned long-term ratings of AAAID to Putrajaya Holdings Sdn Bhd’s (PJH) RM861.14 million Al-Bai Bithaman Ajil (ABBA) Bonds (Parcel C) and RM1,288.88 million Al-Bai Bithaman Ajil (ABBA) Bonds (Parcel D) issuance facilities. The ratings reflect the superior credit quality which essentially is that of the Government who will be responsible for the s...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of A-ID (single A minus Islamic debt) and a short term rating of MARC-3ID to Europlus Corporation Sdn Bhd’s (ECSB) RM250 million Al-Bai Bithaman Ajil Islamic Debt Securities (BAIDS) and RM350 million Murabahah Underwritten Notes Issuance Facility (MUNIF) respectively. The ratings reflect the strength of the issue structu...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of A (single A flat) to Talam Corporation Berhad’s (Talam) RM150 million principal amount of 7-year 5.0% secured serial bonds with 107.6 million detachable warrants. The rating reflects the strength of the issue structure that is secured by a property development project, the Saujana Puchong Project, which will form the...

Malaysian Rating Corporation Berhad (MARC) has assigned a standalone short-term rating of MARC-2ID to Melombong dan Perumahan Sdn Bhd’s (MDP) RM60 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments, that will form the primary source o...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAAID to Putrajaya Holdings Sdn Bhd’s RM1,109 million Al-Bai Bithaman Ajil (ABBA) Bonds issuance facility. The rating reflects the superior credit quality which essentially is that of the Government who will be responsible for the sub-lease rental payments in respect of the Government buildings, that will form the pri...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 (bg) and AA- (bg) (double A minus) to Johor City Development Sdn Bhd’s Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) of up to RM235 million (nominal amount) and RM100 million Guaranteed Serial Fixed Rate Bonds respectively. The ratings reflect the strength of the unconditional and irrevoca...

MARC has assigned a rating of MARC-2ID to Setia Putrajaya Sdn Bhd’s (Setia Putrajaya) RM170.0 million Murabahah Notes Issuance Facility (MuNIF). At the same time, MARC has affirmed the company’s existing RM203 million Murabahah Notes Issuance Facility/Medium-Term Notes (MuNIF/MTN) at MARC-2ID/A+ID. The ratings reflect Setia Putrajaya’s manageable construction risks given its proven ability...