Press Releases
Displaying 3421-3430 of 3563 results.
Thursday, Apr 18, 2002
Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM1,670 million 3-month (discount) Notes issued on 18 April, 2002. The 3-month Notes carry an average discount rate of 2.747% 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 industria...

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Thursday, Apr 18, 2002
Malaysian Rating Corporation Berhad (MARC) has reaffirmed the ratings of Midciti Resources Sdn Bhd’s (“Midciti Resources”) 7-year Secured Bai Al-Dayn Commercial Paper/Medium Term Notes Financing Programme with nominal value of up to RM1,000 million at MARC-1ID /AAAID, 8 to 12-year Secured Bai Al-Dayn Bonds with a nominal value of up to RM1,605 million at AAAID and the 13-year Bonds with a no...

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Friday, Apr 12, 2002
Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM520 million 2-year Fixed Rate Bonds, RM615 million 3-year Fixed Rate Bonds and RM700 million 4-year Fixed Rate Bonds, issued on 12 April 2002. The 2-year, 3-year and 4-year Fixed Rate Bonds carry an average yield of 3.232% p.a., 3.513% p.a. and 3.862% p.a. respectively. The Bonds are issued to fund the pur...

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Friday, Apr 12, 2002
MARC has affirmed the general insurance financial strength rating of Kurnia Insurans (Malaysia) Berhad (Kurnia) at A (single A flat) reflecting the company’s leading market position in the Malaysian market, its strong business franchise particularly in the motor insurance market, its large distribution network and stringent claims controls. Moderating features include a high underwriting concen...

This article has been viewed 1268 times.
Monday, Apr 08, 2002
Road Builder (M) Holdings Bhd (RBH)’s corporate credit rating of A+ reflects the group’s strong operating characteristics and favourable competitive position in the construction business, the positive track record of its property and tolling divisions and satisfactory profitability measures and debt leverage. Credit quality is, however, moderated by the inherent cyclicality of the constructi...

This article has been viewed 968 times.
Thursday, Apr 04, 2002
Malaysian Rating Corporation Berhad (MARC) has lowered the long-term rating of Faber Group Berhad’s (Faber) RM1,561,652,149 nominal value of zero coupon redeemable convertible bonds to BB- (double B minus) from BB (double B flat) previously. The downgrade reflects the negative outlook for the tourism industry following slumping travel demand post September 11. This is expected to further weake...

This article has been viewed 1486 times.
Friday, Mar 29, 2002
MARC re-affirmed its AAA(bg) rating on Sinmah’s RM50 million redeemable bond issue due 2002, guaranteed by Cooperatieve Centrale Raifesen-Boereenleenbank B.A. of Nederlands (Rabobank). The rating reflects the strength of the unconditional and irrevocable guarantee provided by Rabobank, which has a rating of ‘AAA’ from Fitch. Meanwhile on the underlying rating of the issue, Sinmah’s financi...

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Tuesday, Mar 19, 2002
MARC has lowered its rating on Malaysian Newsprint Industries Sdn Bhd’s (MNI) RM923 million Bai’ Bi Al-Taqsit Fixed Rate Serial Bonds Programme from A-(s)ID to BBB+(s)ID. The rating action reflects the impact of the decline in newsprint prices on the company’s financials. Global newsprint prices have fallen to a new historical low due to the economic slowdown and oversupply problem in North ...

This article has been viewed 990 times.
Thursday, Mar 14, 2002
Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM800 million 1-month (discount) Notes issued on 14 March, 2002. The 1-month Notes carry an average discount rate of 2.707% 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 industrial ...

This article has been viewed 1086 times.
Wednesday, Mar 13, 2002
The rating of MARC-1 has been reaffirmed, reflecting Kertih Terminals Sdn Bhd’s (KTSB) better-than-projected financial position, stable and predictable cash flows generated by take-or-pay contracts for terminal usage, financially strong and experienced project sponsors and the highly qualified senior management team.KTSB was incorporated to undertake the construction and operation of a Centrali...

This article has been viewed 1162 times.