Press Releases
Displaying 1-10 of 12 results.
Friday, Jul 19, 2024
MARC Ratings has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM30.0 million Fixed Rate Serial Bonds. The rating outlook is stable. The rating reflects the credit strength of AEON Co (M) Berhad (AEON), which, as the principal lessee of CISB-owned AEON Mall Ipoh Klebang, makes periodic fixed lease payments under a lease agreement. The payments are deemed suffici...

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Wednesday, Sep 13, 2023
MARC Ratings has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM45.0 million Fixed Rate Serial Bonds. The rating outlook is stable.     The rating affirmation reflects the credit strength of AEON Co (M) Berhad (AEON) which, as the principal lessee of CISB’s AEON Mall Ipoh Klebang, makes fixed lease payments that are deemed sufficient to meet financi...

This article has been viewed 410 times.
Wednesday, Aug 03, 2022
MARC has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM60 million Fixed Rate Serial Bonds and concurrently revised the rating outlook to stable from negative.The affirmed rating is driven by the credit strength of AEON Co (M) Berhad (AEON), a 51.7%-owned subsidiary of Japan-based AEON Co Ltd which has an established track record in the domestic retail industry. AEO...

This article has been viewed 506 times.
Tuesday, Oct 05, 2021
MARC has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM75 million Fixed Rate Serial Bonds.The rating outlook remains negative and is premised on our concern over the company’s liquidity position if an ongoing plan to clear its tax arrears of RM10 million is not realised. Under the plan, CISB will issue new shares to its shareholders that will raise proceeds of RM...

This article has been viewed 549 times.
Tuesday, Oct 06, 2020
MARC has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) RM120.0 million Fixed Rate Serial Bonds. The rating outlook remains negative. The rating outlook was revised to negative last year over its reduced cash buffer due to a higher tax liability arising from underpayments in prior years totalling RM3.2 million. CISB is required to settle the tax arrears in four annual instal...

This article has been viewed 757 times.
Thursday, Oct 31, 2019
MARC has affirmed its rating for Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million at AA-. The rating outlook has been revised to negative from stable. The revised outlook reflects CISB’s reduced cash buffer mainly due to an unexpected tax liability arising from underpayments in prior years. This could potentially lead to a covenant breach of the debt...

This article has been viewed 932 times.
Tuesday, Oct 30, 2018
MARC has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million. The rating carries a stable outlook. CISB is the owner of the AEON Klebang shopping mall in Ipoh. The affirmed rating reflects the credit strength of AEON Co. (M) Berhad (AEON), whose fixed lease payments to CISB as a principal lessee of the mall are deemed sufficient...

This article has been viewed 1029 times.
Wednesday, Nov 15, 2017
MARC has affirmed its rating of AA- on Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million. The rating carries a stable outlook. CISB is the owner of the AEON Klebang shopping mall in Ipoh. The affirmed rating reflects the credit strength of AEON Co (M) Berhad (AEON), which, as the principal lessee of the AEON Klebang shopping mall, is making fixed lease ...

This article has been viewed 1291 times.
Wednesday, Oct 05, 2016
MARC has affirmed its rating of AA- with a stable outlook on Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million. The affirmed rating reflects the credit strength of AEON Co. (M) Berhad (AEON) as the principal lessee of the AEON Klebang shopping mall which is owned and was developed by CISB from the bond proceeds. The fixed lease rental payments from AEON...

This article has been viewed 1190 times.
Tuesday, Nov 24, 2015
MARC has affirmed its rating of AA- with a stable outlook on Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million. The issuer is a single-purpose company that was established to own and develop the three-storey shopping mall AEON Klebang in Ipoh, Perak. The rating incorporates the strong creditworthiness of the principal tenant, AEON Co. (M) Berhad (AEON), whic...

This article has been viewed 1268 times.