Malaysian Rating Corporation Berhad (MARC) has assigned a long-term Islamic corporate debt rating of A-ID (A minus, Islamic Debt Securities) to Maxisegar Sdn Bhd’s (Maxisegar) RM600 million Al-Bai Bithaman Ajil with Islamic Debt Securities (BaIDS) facility. The rating of Maxisegar’s BaIDS reflects a tight underlying issue structure, where the progress billings from secured sales of specif...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM275 million of 1-month (discount) and RM175 million of 3-month (discount) Notes issued on 13 September, 2001. The 1-month and 3-month Notes carry an average discount rate of 2.765% p.a. and 2.787% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from financi...

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 loans and debts purchased on full recourse to the primary lenders. T...

Malaysian Rating Corporation Berhad (MARC) has affirmed Talam Corporation Berhad’s (Talam) RM150 million secured bonds rating at A (single A flat). The affirmation of the rating reflects the strength of the issue structure that is secured by a property development project, the Saujana Puchong Project, which forms the primary source of repayment of the bonds issue. In addition, the favourable p...

The affirmation of WCT Engineering Bhd’s (WCT) corporate debt rating of A– (s) reflects the group’s competitive position in the civil engineering and building segment of the construction industry; good track record; improving financial profile; conservative financial management and an experienced management team. The bonds issue is supported by an irrevocable banking facility of RM15 milli...

MARC has assigned a rating of A- (Single A minus) to MAA Holdings Berhad’s (MAAH) RM120.0 million nominal amount six-year structured serial bonds. The rating assigned to MAAH’s bond issue is drawn from the insurer strength ratings of the general and life insurance funds of its main subsidiary Malaysian Assurance Alliance Berhad (MAA) and the support provided by a Revolving Credit Facility to ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-3ID to Pembangunan Brisdale Sdn Bhd’s (PBSB) RM55 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects the strength of the issue structure under which secured sales from the West Port Tech Zone housing project have been earmarked for the redemption of the MUNIF. Positive features ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM395 million of 3-month (discount) Notes issued on 23 August, 2001. The 3-month Notes carry an average discount rate of 2.788% 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 industr...

Malaysian Rating Corporation Berhad (MARC) has affirmed Melombong dan Perumahan Sdn Bhd’s (MDP) RM60 million Murabahah Underwritten Notes Issuance Facility (MUNIF) rating at MARC-2ID. The rating affirmation reflects the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments to form the primary source of repayment of the debt...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM275 million of 1-month (discount) Notes and RM660 million of 3-month (discount) Notes issued on 17 August, 2001. The 1-month and 3-month Notes carry an average discount rate of 2.766% p.a. and 2.792% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from fina...