Displaying 111-120 of 3572 results.
MARC Ratings has affirmed its AA-IS rating on Southern Power Generation Sdn Bhd’s (Southern Power) outstanding sukuk of RM3.4 billion with a stable outlook. The affirmed rating is driven by the strength of Southern Power’s 21-year power purchase agreement (PPA) under which demand, and fuel price risks are allocated to offtaker Tenaga Nasional Berhad (AAA/Stable). The rating is moderated b...
This article has been viewed 293 times.
MARC Ratings has affirmed its A+IS rating on JB Cocoa Sdn Bhd’s (JB Cocoa) Islamic Medium-Term Notes (Sukuk Wakalah) programme of up to RM500.0 million with a stable outlook. JB Cocoa is a wholly-owned key manufacturing subsidiary of Singapore-based JB Foods Limited which has provided a corporate guarantee to the programme. Accordingly, the rating assessment considers the consolidated credit pro...
This article has been viewed 291 times.
MARC Ratings has affirmed its ratings of AAAIS(cg) /MARC-1IS(cg) on F&N Capital Sdn Bhd’s Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined limit of up to RM3.0 billion. The ratings outlook is stable. The ratings reflect the credit strength of Fraser & Neave Holdings Bhd (F&NHB), as the parent unconditionally and irrevocably guarantees th...
This article has been viewed 232 times.
MARC Ratings has affirmed its long-term and short-term financial institution (FI) ratings of AAA/MARC-1/Stable on Islamic Development Bank (IsDB). Concurrently, MARC Ratings has affirmed the rating of AAAIS on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad, a trust established by IsDB. The affirmed FI ratings continue to be driven by IsDB’s status as a ...
This article has been viewed 221 times.
MARC Ratings has affirmed its rating of AA-IS on Guan Chong Berhad’s (GCB) Sukuk Wakalah Programme of up to RM800.0 million with a stable outlook. The outstanding under the programme currently stands at RM600.0 million. GCB's established market position in the midstream cocoa supply chain — as the largest cocoa grinder in Asia and fourth in the world — and its strong operational track r...
This article has been viewed 253 times.
MARC Ratings has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Sukuk Wakalah Programme. The rating outlook is stable. The rating affirmation is premised on the quantum of the periodic payment streams from the Malaysian government (AAA/Stable) in the form of availability charges (AC) that is deemed sufficient to meet the financial obliga...
This article has been viewed 251 times.
MARC Ratings has affirmed its ratings on Putrajaya Holdings Sdn Bhd’s (PJH) outstanding issuances as follows: RM1.0 billion 20-year Sukuk Wakalah Programme (due 2041) at AAAISRM370.0 million Sukuk Musharakah Programme (due 2030) at AAAISRM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS; andRM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033) at AAAIS.T...
This article has been viewed 235 times.
MARC Ratings has affirmed its ratings of MARC-1IS /AIS on Gabungan AQRS Berhad’s (GBG) RM200.0 million Islamic Commercial Papers (ICP)/Islamic Medium-Term Notes (IMTN) Programme. The ratings outlook is stable. The total outstanding balance under the programme stood at RM35.0 million ICP as at end-April 2023.The long-term rating mainly reflects GBG’s moderate construction order book and low cou...
This article has been viewed 254 times.
MARC Ratings has affirmed its ratings of MARC-1IS/AA-IS on Johor Port Berhad’s (JPB) Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme with a combined limit of RM1.0 billion. The long-term rating carries a stable outlook. JPB operates Johor Port, a gateway port in Pasir Gudang, under a concession agreement expiring on March 23, 2055.The rating affirmation i...
This article has been viewed 238 times.
MARC Ratings has affirmed its MARC-1IS/AAIS ratings on Alam Flora Sdn Bhd’s RM700 million Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) programmes with a stable outlook. The rating affirmation remains underpinned by the strength of Alam Flora’s long-term concession agreement (CA) for waste collection and public cleansing with the Government of Malaysia....
This article has been viewed 227 times.