Malaysian Rating Corporation Berhad (MARC) has reaffirmed the short term rating of MARC-1 (bg) and the long term rating of AA- (bg) in respect of Johor City Development Sdn Bhd’s (JCD) RM235 million nominal amount of Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) and the RM100 million Guaranteed Serial Fixed Rate Bonds respectively. The reaffirmation of the ratings reflect t...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM237 million 2-year Fixed Rate Bonds and RM500 million 3-year Fixed Rate Bonds, issued on 18 April, 2001 and 19 April 2001 respecively. The 2-year Bonds carry a coupon rate of 3.131% p.a whilst the 3-year Bonds carry a coupon rate of 3.268% p.a. The Bonds are issued to fund the purchase of housing loans fro...

Gas District Cooling (KLIA) Sdn Bhd’s (GDC KLIA) ratings are supported by the captive market for its products, namely chilled water and electricity; strong supportive shareholders; efficient operation and strengthened financial profile. The ratings are, however, moderated by the late collection of accounts receivable and high, though declining debt leverage. The ratings outlook is stable, refle...

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 affirmed PETRONAS Gas Bhd’s (“PGB”) RM900.0 million al-Murabahah Commercial Paper/Medium-Term Notes Programme’s (1999/2004) ratings at MARC-1ID /AAAID, and the RM500.0 million Al-Bai Bithaman Ajil Bonds Issuance Facility (1999/2004) at AAAID. PGB’s Issuer Ratings have also been affirmed at AAA/MARC-1, with a stable outlook.The ratings reflec...

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 reaffirmed the MARC-1 (bg) short term rating in respect of MHS Aviation Sdn Bhd’s (MHSA) RM70 million Guaranteed Revolving Underwritten Facility (GRUF). The reaffirmation of the rating reflects the unconditional and irrevocable guarantee provided by Malayan Banking Berhad that considerably enhances the credit rating of the GRUF beyond that of MHSA�...

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 a long-term Islamic debt rating of A-ID (A minus, Islamic Debt Security) to Commerce Dot Com Sdn Bhd’s (CDC) RM100 million Al-Istisna facility. The rating reflects Commerce Dot Com Sdn Bhd’s (CDC) position as the exclusive provider of the electronic procurement system for the government and a tight underlying issue structure for the bon...

Malaysian Rating Corporation Berhad (MARC) hereby announces that the first tranche of DRB-HICOM Berhad’s (DRB-H) Fixed Rate Notes Issuance Facility of RM280 million was redeemed on 15 January 2001 from the proceeds of sale of DRB-H’s interest in Credit Corporation (Malaysia) Bhd to Hong Leong Bank Berhad, pursuant to the terms of the Facility. The first tranche of RM280 million was one of ...