Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to the RM750 million of 3-month Cagamas (discount) Notes and a long-term rating of AAA to the RM144 million 4-year Sanadat Mudharabah Cagamas (SMC) and RM187 million reopening of the existing 4-year Fixed Rate Bonds issued on 9 and 10 November, 2000. (An earlier tranche of 4-year Bonds was issued on 3 August, 200...

MARC has assigned a rating of AAID to Puncak Niaga (M) Sdn Bhd’s (PNSB) ABBA serial bonds and MARC-1/AAID to its MuCP/MTN programme. Proceeds from the new debt offering will be substantially utilized to refinance PNSB’s existing debts including the RM800 million revolving underwritten facility (RUF) due in 2002. MARC had re-affirmed the RUF rating of MARC-2 in March 2000. Upon redemption of...

The Ringgit-denominated Infrastructure Notes issues by Bank Pembangunan dan Infrastruktur Malaysia Berhad (BPIMB) which are guaranteed by the Government of Malaysia are not rated by MARC. The Government enjoys the very highest credit standing with respect to local currency obligations due to its unique access to a wide range of resources. To service local currency-denominated debt, governments h...

Dialog Group Berhad’s (DGB) ‘AA-‘ corporate credit rating is affirmed. DGB continues to maintain a strong financial profile, supported by a well-above-average business position in the highly specialised oil, gas and petrochemical industry. Increasing diversification of the company’s revenue base, DGB’s ability to take advantage of the generally favourable outlook for gas infrastructure ...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM600 million reopening of the existing 2-year Fixed Rate Bonds, RM375 million reopening of the existing 3-year Fixed Rate Bonds, RM400 million reopening of the existing 4-year Fixed Rate Bonds and 250 million reopening of the existing 5-year Fixed Rate Bonds issued on 6 October 2000. (Earlier tranches of the...

WCT Engineering Bhd’s corporate debt rating of A– (s) [single A minus with support] reflects the group’s favourable and competitive position in the civil engineering and building segment of the construction industry, good track record and experienced management team. The issue is enhanced with the assignment of a sinking fund account which captures 10% of gross proceeds from identified cont...

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 reaffirmed the long-term and short-term issuer ratings of Cagamas Berhad at AAA (Triple A) and MARC-1 respectively.Cagamas Berhad’s (Cagamas) ratings reflect its exceptionally strong ability to meet existing financial commitments and distinctly superior quality of its portfolio of mortgages, hire purchase and leasing debts (HP&L) and Islamic house f...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM640 million of 3-month (discount) Notes issued on 15 September, 2000. The 3-month Notes carry an average discount rate of 3.166% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of indu...

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...