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On 7 December 2006, MARC received confirmation from Amanah Raya Berhad that Boustead Plantations Berhad (Boustead Plantations) has made a full redemption of its RM50 million Guaranteed Commercial Papers and Medium-Term Notes (CPs/MTNs) on 29 November 2006. As such, MARC no longer has any rating obligation on the CPs/MTNs. The ratings of Tranche 1 (RM50 million Guaranteed CPs/MTNs) at MARC-1(bg) / ...
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MARC has affirmed Boustead Plantations’ (formerly known as Kuala Sidim Berhad) long term ratings under Tranche 1 and 2 at A+(BG) and A- respectively. Meanwhile the short term ratings of Tranche 1 and 2 are reaffirmed at MARC-1(BG) and MARC-2 respectively. The reaffirmation of RM50 million Tranche 1 ratings reflects the unconditional and irrevocable guarantee by Southern Bank Berhad (SBB), while ...
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MARC has upgraded Boustead Plantation Berhad’s (Boustead Plantation) (formerly known as Kuala Sidim Berhad) long-term rating under Tranche 1 from A(BG) to A+(BG) and reaffirmed the rating of Tranche 2 at A-. Meanwhile the short term ratings of Tranche 1 and 2 are reaffirmed at MARC-1 and MARC-2 respectively. The RM50 million Tranche 1 upgrade reflects the unconditional and irrevocable guarantee ...
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MARC has upgraded Kuala Sidim Berhad’s (KSB) RM50 Million Guaranteed Commercial Papers / Medium-Term Notes (Tranche 1) to MARC-1(bg) / A(bg) (A flat) and RM50 Million Commercial Papers / Medium-Term Notes (Tranche 2) to MARC-2 / A- (A minus). KSB’s rating upgrades for Tranche 1 reflect the unconditional and irrevocable guarantee provided by Southern Bank Berhad (SBB) while that of Tranche 2 re...
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Malaysian Rating Corporation Berhad (MARC) has reaffirmed the ratings of Kuala Sidim Berhad’s (KSB) RM100 Million Commercial Papers /Medium Term Notes (2001/2006). The long term and short term ratings of A- (bg) and MARC-1(bg) respectively for the RM50 Million Guaranteed Commercial Papers /Medium Term Notes Tranche 1 reflects the unconditional and irrevocable guarantee provided by Southern Bank...
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Malaysian Rating Corporation Berhad (MARC) has assigned a short term rating of MARC-1 (bg) (MARC 1, bank guaranteed) and long term rating of A- (bg) (Single A minus, bank guaranteed) on Kuala Sidim Berhad’s (KSB) Tranche 1-RM50 Million Guaranteed Commercial Papers/Medium-Term Notes and a short term rating of MARC-3 (MARC 3) and long term rating of BBB+ (Triple B plus) on KSB’s Tranche 2-RM50 M...
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