Press Releases
Displaying 3541-3550 of 3575 results.
Monday, Aug 28, 2000
Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AID (Single A, Islamic Debt) in respect of ARL Tenaga Sdn Bhd’s RM177.0 million Al-Bai Bithaman Ajil Islamic Debt Securities Issue (BaIDS) (2000/2010).ARL Tenaga Sdn Bhd’s (ARLT) rating is underpinned by a stable and predictable cash flow which is expected to cover the company’s debt servicing requirements comfort...

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Monday, Aug 21, 2000
Malaysian Rating Corporation Berhad (MARC) has upgraded the long-term rating of Hong Leong Credit Berhad’s RM500 million redeemable unsecured bonds to BBB+ (triple B plus) from BBB-(triple B minus) previously. The rating upgrade reflects the overall improvement in the economic fundamentals surrounding its major operating divisions which in turn translated into healthier financial results for th...

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Tuesday, Aug 08, 2000
MARC has affirmed Utusan Melayu (Malaysia) Berhad’s corporate debt rating at MARC-3, reflecting the latter’s continued leading position, particularly in the Malay language daily and its improved financial performance. The rating is however moderated by the sensitivity of Utusan’s financial profile to changes in newsprint price, circulation figures and advertising revenue. The publishing & d...

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Wednesday, Jul 26, 2000
MARC’s reaffirmation of MHS Aviation Sdn Bhd’s (MHSA) rating reflects the unconditional and irrevocable guarantee provided by Malayan Banking Berhad that considerably enhances the credit rating of the Guaranteed Revolving Underwritten Facility (GRUF) beyond that of MHSA’s stand-alone risk profile.MARC has nonetheless taken into consideration the unique interdependency of the company’s oper...

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Friday, Jul 21, 2000
Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to the RM1,600 million of 3-month Cagamas (discount) Notes and the RM110 million of 1-year Cagamas (discount) Notes, which carry an average discount rate of 2.909% p.a. and 3.122% p.a. respectively. MARC also assigned a long-term rating of AAA to the RM200 million reopening of the existing 2-year Fixed Rate Bond...

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Monday, Jul 17, 2000
MARC today placed the DID rating of MOCCIS Trading Sdn. Bhd’s (MTSB) RM50 million Al-Bai Bithaman Ajil Debt Securities on MARCWatch with developing implications. On 24 June 2000, MTSB had failed to make a scheduled payment of RM2.9 million on its maturing Secondary Notes. Upon the receipt of notification from the Trustee that an event of default had occurred pursuant to Clause 7(a) of the Trust...

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Thursday, Jun 29, 2000
Malaysian Rating Corporation Berhad (MARC) announces that it has lowered MOCCIS Trading Sdn Bhd’s (MTSB) RM50 million Al-Bai Bithaman Ajil Islamic debt securities rating to DID. The rating had earlier been put on MARCWatch with negative implications. The rating reflects MTSB’s failure to make timely scheduled payment on the instrument issued under the Islamic-financing contract. ...

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Wednesday, Jun 28, 2000
Malaysian Rating Corporation Berhad (MARC) has assigned a standalone short-term rating of MARC-2ID to Melombong dan Perumahan Sdn Bhd’s (MDP) RM60 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments, that will form the primary source o...

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Friday, Jun 23, 2000
Malaysian Rating Corporation Berhad (MARC) has assigned ratings of MARC-1/AAAID to Malaysia International Shipping Corporation Berhad’s (MISC) RM1.5 billion Murabahah Commercial Paper/Medium Term Notes Programme (2000/2005) respectively. The ratings reflect strong and stable earnings from its predominantly low-risk business of LNG shipping, good profitability record, strong cash flow position, ...

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Thursday, Jun 22, 2000
Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM337 million reopening of the existing 3-year Fixed Rate Bonds issued on 22 June, 2000. (An earlier tranche of the 3-year Bonds was issued on 14 April, 2000 bearing a coupon rate of 4.766% p.a.). The Bonds carry an average coupon rate of 4.5010% p.a.. The Bonds are issued to fund the purchase of mortgage l...

This article has been viewed 1144 times.