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MARC has withdrawn the corporate debt rating of Anjung Bahasa Sdn Bhd (ABSB) RM110 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) and removed the same from MARCWatch with developing outlook, where they have been placed on 17th January 2003. The rating action followed ABSB’s decision to discontinue MARC’s services as the rating agency for the said issue. The last rating assig...
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MARC has placed the AA- rating for Anjung Bahasa Sdn Bhd (ABSB) RM110 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) on MARCWatch, with a developing outlook. ABSB a single purpose company, was granted the concession to design, construct and complete a new office complex for Dewan Bahasa dan Pustaka (DBP) on a deferred payment basis, and to undertake the maintenance and management ...
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The rating of Anjung Bahasa Sdn Bhd’s (ABSB) Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDs) has been downgraded from AA+ to AA- (double-A minus) following negative developments arising subsequent to the issuance of the Temporary Certificate of Fitness (TCF), which have had the effect of moderating the cashflow protection afforded to the bondholders. Nonetheless, the rating continues to re...
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MARC has assigned a rating of AA+ID (Double A plus, Islamic Debt) to Anjung Bahasa Sdn Bhd’s (ABSB) RM110.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities Issuance Facility. ABSB, a single purpose company, was granted the concession to design, construct and complete a new office complex for Dewan Bahasa dan Pustaka (DBP) on a deferred payment basis, and to undertake the maintenance and ...
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