MARC Ratings has upgraded its rating on Celcom Networks Sdn Bhd’s (CNSB) Sukuk Murabahah programme of RM5.0 billion to AAAIS from AA+IS. The rating outlook is stable. The outstanding under the programme stood at RM1.15 billion as at end-1H2023.The rating action follows from MARC Ratings’ assessment that the merger between CNSB’s parent Celcom Berhad (Celcom) and Digi.Com Berhad to form Celco...

MARC Ratings has affirmed its AA+IS rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme with a stable outlook. As at end-October 2022, the outstanding amount stood at RM1.15 billion.  In assessing CNSB, MARC Ratings has considered the overall credit profile of the Celcom Axiata Berhad (Celcom) group, premised on the strong operational and financial linkag...

MARC has affirmed its AA+IS rating on Celcom Networks Sdn Bhd's (CNSB) RM5.0 billion Sukuk Murabahah Programme with a stable outlook. The outstanding currently stands at RM1.75 billion.CNSB provides network telecommunications services to its parent Celcom Axiata Berhad (Celcom) and fellow subsidiary Celcom Mobile Sdn Bhd. In assessing CNSB, MARC has considered the overall credit profile of the Cel...

MARC has affirmed its AA+IS rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme with a stable outlook.CNSB provides network telecommunication (telco) services to Celcom Axiata Berhad (Celcom) group. In assessing CNSB, MARC’s approach is to consider the overall credit profile of Celcom, premised on strong financial and operational linkages of entities within the g...

MARC has affirmed its AA+IS rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme with a stable outlook.CNSB, a wholly-owned subsidiary of Celcom Axiata Berhad (Celcom), provides network telecommunication services to its parent. In assessing CNSB’s rating, MARC considers the overall credit profile of the Celcom group given the financial and operational linkag...

MARC has affirmed its AA+IS rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme. Concurrently, the rating outlook has been revised to stable from negative. CNSB, a wholly-owned subsidiary of Celcom Axiata Berhad (Celcom), provides network telecommunication services to its parent. In assessing CNSB’s rating, MARC considers the overall credit profile of the C...

MARC has affirmed its rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme of AA+IS. MARC continues to maintain a negative outlook on the rating. CNSB provides network telecommunication services to its parent, Celcom Axiata Berhad (Celcom), through network telecommunication assets. The rating and outlook are premised on the overall credit profile of the Celcom g...

MARC has affirmed its rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme of AA+IS. The outlook has been revised to negative from stable. CNSB provides network telecommunication services to its parent, Celcom Axiata Berhad (Celcom), through network telecommunication assets. The rating and outlook are premised on the overall credit profile of Celcom group give...

MARC has lowered the rating of Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme to AA+IS from AAAIS. The outlook is revised to stable from negative. CNSB provides network telco services to Celcom Axiata Berhad (Celcom) through network telco assets that it acquired from the parent in an earlier internal reorganisation. Given the financial and operational links between bot...

MARC has affirmed its rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme at AAAIS. Concurrently, the outlook on the rating has been revised to negative from stable. CNSB owns the core network assets of its parent Celcom Axiata Berhad (Celcom) and serves mainly as a network service provider to the Celcom group. The rating and outlook of CNSB are derived from th...