Displaying 61-70 of 132 results.
MARC has downgraded the rating of DutaLand Berhad’s (DutaLand) outstanding RM50,666,528 Redeemable Unsecured Loan Stocks (RULS) to B from BB-. The outlook on the rating is negative. The rating action reflects DutaLand’s dependence on asset sales to meet its upcoming debt maturities and the significant near-term pressure on its profitability and cash flow. Against the background of the ...
This article has been viewed 1628 times.
MARC has affirmed its MARC-1IS /AA-IS ratings on TSH Sukuk Ijarah Sdn Bhd’s (TSH Sukuk) issue of up to RM100 million Sukuk Ijarah Commercial Papers (ICP) and up to RM300 million Sukuk Ijarah Medium Term Notes (IMTN) programmes. Concurrently, it has revised the ratings outlook to developing from stable. TSH Sukuk, a wholly-owned subsidiary of TSH Resources Berhad (“TSH” or “...
This article has been viewed 1462 times.
MARC has affirmed the ratings of Dura Palms Sdn Bhd’s (Dura Palms) RM100 million Series A, RM90 million Series B and RM10 million Series C Sukuk Ijarah at AAAIS, AAIS and AIS respectively. The ratings carry a stable outlook. The affirmed ratings of the Series A and Series B Sukuk reflect the strong performance of the securitised estates, augmented by strong fresh fruit bunches (FFBs) prices ...
This article has been viewed 1487 times.
MARC has withdrawn its AA-ID rating on IJM Plantations Bhd’s RM150 million ABBA bonds with immediate effect following the full and final redemption of the outstanding RM35 million ABBA bonds, as confirmed by its trustee, HSBC Trustee (Malaysia) Bhd.Contacts: Lee Mei Lin 03-2090 2259/ meilin@marc.com.my; Ryan Lee Ju Vern, 03-2090 2230/ juvern@marc.com.my ...
This article has been viewed 1366 times.
MARC is issuing this interim update following the completion of its review on its AAAID and AAID ratings on ABS Plantation Assets Berhad’s (ABS Plantation) RM50.0 million Class A and RM45.0 million Class B Senior Notes Bai-Bithaman Ajil Islamic Debt Securities (BaIDs) respectively initiated in November 2009. For this review, MARC’s assessment of the securitised plantation assets’...
This article has been viewed 1295 times.
MARC has placed its AAAID and AAID ratings on ABS Plantation Assets Berhad’s (ABS Plantation) Class A and Class B Senior Notes Bai-Bithaman Ajil Islamic Debt Securities (BaIDs) respectively on MARCWatch Developing. The MARCWatch placement reflects the uncertainties surrounding ABS Plantation’s planned early redemption exercise, which is contingent on consent from the BaIDsholders in co...
This article has been viewed 1383 times.
MARC has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (TPC) asset-backed RM180.0 million Class A and RM30.0 million Class B Sukuk Ijarah, respectively with a stable outlook. The affirmed ratings of the Class A and Class B Sukuk Ijarah reflect the satisfactory performance of the securitised plantati...
This article has been viewed 1619 times.
MARC has affirmed the ratings of ABS Plantation Assets Berhad’s (ABSP) RM50.0 million Class A and RM45.0 million Class B Bai Bithaman Ajil Islamic debt securities (Notes) at AAAID and AAID respectively. Additionally, MARC has assigned a stable outlook to the ratings. The affirmed ratings follow a satisfactory performance review of the securitised palm oil estates. The performance of this pla...
This article has been viewed 1413 times.
MARC has withdrawn the MARC-1ID/ AA-ID ratings assigned to TSH Resources Berhad’s RM100 Million Murabahah Commercial Papers/ Medium Term Notes Programme (Facility) with immediate effect following confirmation from the facility agent, Maybank Investment Bank Berhad, of an early cancellation of the Facility on February 12, 2009, ahead of its original maturity date on May 29, 2009. Contact...
This article has been viewed 1360 times.
MARC has withdrawn its MARC-2/A ratings on TH Group Berhad’s RM200 Million Commercial Papers / Medium-Term Notes (CP/MTN) Programme with immediate effect, following the full redemption and cancellation of the CP/MTN programme, as confirmed by its facility agent, Citibank Berhad. Contacts: Hafizan Haron, 03-2090 2238/ hafizan@marc.com.my; Eric Chua, 03-2090 2245/ cheekiong@marc.com.my...
This article has been viewed 1255 times.