Displaying 581-590 of 897 results.
MARC affirms its rating on Gas Malaysia Berhad’s (Gas Malaysia) RM500 million Al-Murabahah Medium Term Notes (MTN) Programme at AAAID with a stable outlook. Currently, there are no outstanding notes issued under the programme.The affirmed rating reflects Gas Malaysia’s satisfactory business risk profile owing to its strong market position as the sole natural gas distributor in Peninsul...
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MARC has withdrawn its MARC-4/BB+ ratings on RUN Holding SPV Bhd’s (RUNH) RM500.0 million Commercial Papers/Medium Term Notes (CP/MTN) Programme with immediate effect. The ratings withdrawal follows the full redemption of outstanding RM120 million on November 25, 2011 and cancellation of the facility, as confirmed by the security agent, UOB (Malaysia) Berhad. Contacts: David Lee, +603-2082 2...
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MARC has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. TTM SPV is a funding vehicle of Trans-Thai Malaysia (Thailand) Ltd (TTMT), a 50:50 joint-venture between Petroliam Nasional Berhad (PETRONAS) and Thailand's PTT Public Company Ltd (PTT). TTM SPV was incorporated to raise funding for the construction of two gas pipelines t...
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MARC has withdrawn its MARC-3ID/BBBID ratings on Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS or Issuer) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme (BBA CP/MTN) at the request of the Issuer. The ratings withdrawal affects RM2.125 billion of outstanding MTN issued under the aforementioned programme. SYABAS’ ratings were last downgraded on April 6, 2...
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MARC has withdrawn its MARC-3ID/BBB-ID ratings on Syarikat Pengeluar Air Sungai Selangor Sdn Bhd’s (SPLASH) RM435 million Islamic Notes Issuance Master Programme (Notes) comprising RM50 million Murabahah Commercial Papers and RM385 million Murabahah Medium Term Notes at the request of the issuer. The ratings withdrawal affects RM265 million of outstanding notes issued under the aforementione...
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MARC has revised the outlook to negative from stable and affirmed its ratings at AA-IS and MARC-1ID/AA-ID on Alam Maritim Resources Berhad's (Alam Maritim) RM500 million Sukuk Ijarah Medium Term Notes (Sukuk Ijarah MTN) and RM100 million Murabahah Commercial Papers/Murabahah Medium Term Notes (MCP/MMTN) programmes respectively. The rating action affects RM475 million of outstanding notes issued un...
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MARC has affirmed its ratings of A+IS and A-IS on Senai-Desaru Expressway Berhad's (SDEB) RM1.89 billion nominal value Senior Sukuk Ijarah Medium Term Notes (Senior Sukuk) Programme and RM3.69 billion nominal value Junior Sukuk Ijarah Medium Term Notes (Junior Sukuk) Programme. SDEB, a 70:30 joint-venture between Rancak Bistari Sdn Bhd and Johor state-owned YPJ Holdings Sdn Bhd, is the conce...
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MARC has affirmed the AAAID(S) rating on Kuching Port Authority’s (KPA) RM180.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The rating is aligned to MARC’s credit rating of the Sarawak State Government on the basis of a letter of support from the Sarawak State Government (SSG) for the BaIDS. The rating also reflects the sufficiency of cont...
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MARC WITHDRAWS ALIRAN IHSAN RESOURCES BERHAD’S DEBT RATING UPON FULL REDEMPTION OF OUTSTANDING RCULS
MARC has withdrawn its rating of A on Aliran Ihsan Resources Berhad’s (AIRB) RM56.9 million Redeemable Convertible Unsecured Loan Stocks (RCULS) and ceased analytical coverage on the issue with immediate effect following a request by the issuer received by MARC on January 26, 2012. The outstanding RCULS were fully redeemed on November 29, 2011. Contacts: David Lee, +603-2082 2255/ davi...
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MARC has lowered its rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd's (SPRINT) RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) to A+ID from AA-ID. The rating outlook is stable. Concurrently MARC has affirmed its AA-(bg) rating on SPRINT's RM365 million Bank Guaranteed Serial Fixed Rate Bonds (BG Bonds) with a stable outlook.The rating and outlook of the BG Bonds reflect MAR...
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