Press Releases
Displaying 1-10 of 3529 results.
Tuesday, Dec 05, 2023
MARC Ratings has affirmed its ratings of MARC-1IS /AAIS on Cellco Capital Berhad’s (Cellco) RM520 million Issue 1 issued under its Islamic Commercial Papers/Islamic Medium-Term Notes Programme (Sukuk Ijarah) with a combined limit of up to RM1.0 billion. The ratings outlook is stable.  Cellco is a funding vehicle for its parent, Stealth Solutions Sdn Bhd, an independent tower company. I...

This article has been viewed 11 times.
Tuesday, Dec 05, 2023
MARC Ratings has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. TTM SPV is the funding vehicle of Trans Thai-Malaysia (Thailand) Limited (TTMT) for the construction of two gas pipelines to transport natural gas from the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand to the industrial city of Rayong in Thail...

This article has been viewed 9 times.
Thursday, Nov 30, 2023
MARC Ratings highlights that Alpha Circle Sdn Bhd’s Senior Sukuk Musharakah programme of RM595.0 million and Junior Sukuk Musharakah programme of RM55.0 million have expired on November 19, 2023. Both programmes are rated at CIS. Following the expiry of the programmes, MARC Ratings will no longer provide surveillance on the ratings.Contacts:Cyndy Goh, +603-2717 2941/ cyndy@marc.com.my  &nbs...

This article has been viewed 55 times.
Wednesday, Nov 29, 2023
MARC Ratings has assigned a corporate credit rating of AA- to Orkim Sdn Bhd with a stable outlook. The rating reflects Orkim’s leadership position as the largest domestic vessel owner with 16 clean petroleum product (CPP) tankers and two liquified petroleum gas tankers, with an estimated 17% market share by fleet size as of June 2023. The rating considers its long track record of steady ope...

This article has been viewed 52 times.
Wednesday, Nov 29, 2023
MARC Ratings has affirmed its rating of AA- on STM Lottery Sdn Bhd’s RM800.0 million 15-year Medium-Term Notes (MTN) Programme with a stable outlook. The rating affirmation considers STM Lottery’s entrenched domestic market presence as a number forecast operator (NFO), well-established operating track record and strong cash flow generation relative to its debt obligations. Operating in th...

This article has been viewed 30 times.
Tuesday, Nov 28, 2023
MARC Ratings has affirmed its AAAIS rating on Amanat Lebuhraya Rakyat Berhad’s (ALR) RM5.5 billion sukuk programme, with a stable outlook. The rating reflects the strong cash flow generation capacity of ALR’s portfolio of matured highways in the Klang Valley, its strong debt service ability, and the low capital requirement for operations and maintenance (O&M) of the highways. A no-div...

This article has been viewed 51 times.
Tuesday, Nov 28, 2023
MARC Ratings has affirmed its AAAIS(bg)  rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Bank Pembangunan Malaysia Berhad–guaranteed Sukuk Ijarah Programme with a stable outlook. On a standalone basis, Masteel’s credit profile incorporates its longstanding track record in the domestic production of steel billets and steel bars, its moderate domestic market posit...

This article has been viewed 33 times.
Tuesday, Nov 28, 2023
MARC Ratings has affirmed its rating of AA-IS on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook. The key rating drivers for the affirmation are MMC’s competitive strength and longstanding track record in key sectors of the economy, namely ports and logistics, engineering as well as energy and utilities. The rating is moderated by the susceptib...

This article has been viewed 39 times.
Tuesday, Nov 28, 2023
MARC Ratings has affirmed its AA-IS rating on AZRB Capital Sdn Bhd’s (ACSB) issuance of RM535.0 million Islamic Medium-Term Notes (Sukuk Murabahah) with a stable outlook.ACSB is a funding vehicle for Ahmad Zaki Resources Berhad (AZRB) to facilitate the subscription of Redeemable Convertible Preference Shares (RCPS-i) of related company Peninsular Medical Sdn Bhd (PMSB). In return, PMSB has assig...

This article has been viewed 32 times.
Monday, Nov 27, 2023
MARC Ratings has affirmed its financial institution (FI) ratings of A+/MARC-1 on Kenanga Investment Bank Berhad (Kenanga) with a stable outlook. The ratings reflect Kenanga’s strong market position and lengthy experience in the domestic stockbroking industry. The ratings further consider the investment bank’s improving position in the investment and wealth management segment as well as it...

This article has been viewed 32 times.