Press Releases
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Monday, Jun 20, 2005
MARC has received confirmation from Bumi Armada Navigation Sdn Bhd that its RM80 million Murabahah Notes Issuance / Islamic Medium-Term Notes facility has been fully redeemed and it has arranged for the release/discharge of the security created in respect of the above facility. As such, MARC no longer has any rating obligation on the facility and the MARC-1ID/AA-ID rating is hereby withdrawn....

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Thursday, Jun 09, 2005
MARC has reaffirmed Bumi Armada Navigation Sdn Bhd’s (“BAN”) MARC-1 / AA-ID ratings assigned to its RM80 million Murabahah Notes Issuance Facility (MUNIF) / Islamic Medium-Term Notes (IMTN) (2000/2005). The reaffirmation reflects the company’s leading position in the area of providing marine transportation for the offshore oil and gas industry; its long-term contracts with leading oil and ...

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Monday, Jul 14, 2003
MARC has reaffirmed Bumi Armada Navigation Sdn Bhd’s (“BAN”) MARC-1/AA-ID rating assigned to its RM80 million Murabahah Notes Issuance Facility (MUNIF) / Islamic Medium-Term Notes (IMTN) (2000/2005). The affirmation is supported by the company’s good competitive position in the area of providing marine transportation, tanker operations and support services for the offshore oil and gas ind...

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Wednesday, Jun 26, 2002
Bumi Armada Navigation Sdn Bhd (BAN)’s ratings have been upgraded to MARC-1ID / AA-ID (double A minus Islamic Debt) from MARC-1ID / AID in respect of the company’s RM80 million Murabahah Notes Issuance Facility / Islamic Medium-Term Notes. The ratings reflect the company’s competitive position in the area of providing marine transportation, tanker operations and support services for the ...

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Thursday, Jan 27, 2000
Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1ID and a long-term rating of AID to Bumi Armada Navigation Sdn Bhd’s (BAN) RM80.0 million Murabahah Notes Issuance Facility and/or Medium-Term Notes. BAN’s ratings reflect the company’s good competitive position in the area of providing marine transportation, tanker operations and support services for the o...

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