Displaying 171-180 of 3575 results.
MARC Ratings has withdrawn its AAA rating on Inverfin Sdn Bhd’s RM160 million Medium-Term Notes (MTN) programme. The rating withdrawal follows the full redemption of the RM160 million outstanding under the programme and subsequent termination of the programme as confirmed by the facility agent on March 6, 2023.With the withdrawal, MARC Ratings will no longer provide analytical coverage on the is...
This article has been viewed 291 times.
MARC Ratings has revised the outlook on Top Glove Corporation Bhd’s corporate credit rating to negative from stable on concerns that the impact from the continued tough global market conditions for glove manufacturers will weigh on the group’s performance. Concurrently, the rating outlook on the RM3.0 billion Perpetual Sukuk Wakalah Programme of Top Glove’s wholly-owned funding vehicle TG Ex...
This article has been viewed 476 times.
MARC Ratings has assigned a "Bronze" Impact Assessment to Global Vision Logistics Sdn Bhd’s (GVL) Sustainability Financing Framework (the Framework). GVL is a joint venture company with four shareholders being Hartamas Mentari Sdn Bhd (30%), Swift Haulage Berhad (25%), Ideal Force Sdn Bhd (15%) and Aspen Vision Properties Sdn Bhd (30%), whose principal activities are that of a property investmen...
This article has been viewed 307 times.
MARC Ratings has assigned a "Gold" Impact Assessment to Sunway Healthcare Treasury Sdn Bhd’s Sustainability Financing Framework (the Framework). Sunway Healthcare Treasury is a wholly-owned subsidiary of Sunway Healthcare Holdings Sdn Bhd (SHH) where SHH is the immediate holding company of Sunway Healthcare Group (SHG). The Framework sets out the guidelines for issuances of financing instruments...
This article has been viewed 254 times.
MARC Ratings has affirmed its AAAIS and AAA ratings on Cagamas MBS Berhad’s asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) and fixed rate serial bonds issuances (CMBS 2005-2; CMBS 2007-2). The outlook on all ratings is stable. Cagamas MBS was established to undertake the securitisation of conventional and Islamic home financing originated by the Malaysian government. The affirmed ra...
This article has been viewed 321 times.
MARC Ratings has affirmed its long-term ratings of AAA, AA and A on Kinabalu Capital Sdn Bhd’s Issue 3 of RM113 million Class A, RM21 million Class B and RM11 million Class C Medium-Term Notes (MTN). The outlook on all ratings is stable.The affirmed ratings reflect the loan-to-value (LTV) ratios of the classes that are within the benchmarks of 43.0%, 51.0% and 55.0% MARC Ratings sets for the rat...
This article has been viewed 314 times.
MARC Ratings is providing this update on MY E.G. Services Berhad (MYEG) following a news report that immigration-related services and processes will be directly undertaken in-house by Jabatan Imigresen Malaysia from 2025 onwards. Furthermore, changes to road tax and driving license requirements under the digitalisation process of Jabatan Pengangkutan Jalan have now been announced. As MYEG is a lon...
This article has been viewed 471 times.
MARC Ratings has assigned a "Gold" Impact Assessment to UDA Holdings Berhad’s (UDA) Sustainability Sukuk Framework (the Framework). The Framework has been established to set the guiding principles for UDA’s issuances of Islamic financing instruments (Sustainability Sukuk) for specific eligible projects.MARC Ratings has assessed the Framework and is satisfied that it is aligned with the core co...
This article has been viewed 314 times.
MARC Ratings has affirmed the State of Kuwait’s (Kuwait) foreign currency sovereign rating of AAA/Stable based on its national rating scale. The rating reflects Kuwait’s significant fiscal and external buffers. These credit strengths are, however, balanced by credit concerns that include its heavy reliance on the oil sector, political tensions that continue to affect policymaking, and weak gov...
This article has been viewed 332 times.
MARC Ratings has withdrawn its MARC-1IS rating on TSH Sukuk Murabahah Sdn Bhd’s RM50 million Islamic Commercial Papers (ICP) Programme. The rating withdrawal follows the termination of the programme upon expiry as confirmed by the facility agent on February 3, 2023.The analytical coverage on TSH Sukuk Murabahah is now limited to its RM150 million Islamic Medium-Term Notes Programme. This program...
This article has been viewed 329 times.