Press Releases
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Wednesday, Dec 02, 2020
MARC 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. The affirmed rating incorporates the strength of the concession receivables from the government which are channelled to ACSB’s designated accounts for its sukuk payment obligations. The concession receivables in the form of avai...

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Friday, Dec 13, 2019
MARC has assigned a final rating of AA-IS with a stable outlook to AZRB Capital Sdn Bhd’s proposed RM535.0 million Sukuk Murabahah Facility.  Upon review of the final documentation for the facility, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the ear...

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Friday, Sep 20, 2019
MARC has assigned a preliminary rating of AA-IS to special purpose vehicle AZRB Capital Sdn Bhd’s (ACSB) proposed issuance of up to RM535.0 million Islamic Medium-Term Notes (Sukuk Murabahah) with a stable outlook. Wholly owned by Bursa Malaysia-listed Ahmad Zaki Resources Berhad (AZRB), ACSB was set up to issue the proposed Sukuk Murabahah, proceeds of which will be on-lent to parent AZRB...

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