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On 5 October 2007, MARC had placed DRB-HICOM Berhad’s (“DRB-HICOM”) A+ID /MARC-1ID ratings on its Islamic Debt Securities on MARCWatch Developing in relation to its proposed acquisition of the operation and maintenance (O&M) operator of Tanjung Bin Power Plant, Rangkai Positif Sdn Bhd, and intended divestment of its financial services – related investments. MARC is issu...
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MARC has placed DRB-HICOM Berhad’s (“DRB-HICOM or the Group”) A+ID /MARC-1ID ratings on its Islamic Debt Securities on MARCWatch Developing following recent announcements made by the Group in relation to its proposed acquisition of Rangkai Positif Sdn Bhd (“Rangkai Positif”) and intended divestment of its financial services-related investments. The MARCWatch placement...
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MARC has downgraded the ratings of DRB-HICOM Berhad’s (DRB-HICOM or the Group) RM50.0 million Underwritten Murabahah CP/MTN and RM120.0 million Murabahah CP/MTN facilities from AA-ID/MARC-1ID to A+ID/MARC-1ID ; and RM680.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) from AA-ID to A+ID respectively with a stable outlook. The downgrades reflect the Group’s declining ...
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MARC has assigned ratings of AA-ID (Double A Minus, Islamic Debt) to DRB-Hicom Berhad’s (DRB or Group) RM680 million Bai’ Bithaman Ajil Islamic Debt Securities and MARC-1ID/AA-ID to its RM200 million Underwritten Murabahah CP/MTN and RM120 million Murabahah CP/MTN facilities respectively. The assigned ratings reflect the Group’s diversified businesses – automotive manufacturing & distribut...
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Malaysian Rating Corporation Berhad (MARC) hereby announces that the first tranche of DRB-HICOM Berhad’s (DRB-H) Fixed Rate Notes Issuance Facility of RM280 million was redeemed on 15 January 2001 from the proceeds of sale of DRB-H’s interest in Credit Corporation (Malaysia) Bhd to Hong Leong Bank Berhad, pursuant to the terms of the Facility. The first tranche of RM280 million was one of ...
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Malaysian Rating Corporation Berhad (MARC) has assigned a short term debt rating of MARC-2 to DRB-HICOM Berhad’s (DRB-H) RM380 million Fixed Rate Notes Issuance Facility. The assigned rating reflects the strength of the issue structure that has earmarked the proceeds of RM470 million from the sale of DRB-HICOM’s (DRB-H) interest in Credit Corporation (Malaysia) Bhd to Hong Leong Bank Berhad,...
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