MARC has withdrawn the AA-/MARC-1 ratings assigned to Hong Leong Financial Group Berhad’s (“HLFG”) RM300 million Commercial Paper and Medium-Term Notes Programme (CP/MTN) with immediate effect following notification by the facility agent of the expiry of the facility. MARC’s remaining rating obligation in respect of HLFG is now limited to its RM800 million CP/MTN Programme ...

MARC has affirmed the ratings on Hong Leong Financial Group Berhad’s (HLFG) RM800 million Commercial Papers and Medium Term Notes (CP/MTN) (2007 to 2014) and RM300 million CP/MTN (2002 to 2009) Programmes at AA-/MARC-1. The affirmed ratings continue to reflect the group’s successful banking and insurance franchises, the consistent and resilient earnings performance of its principal ban...

MARC has upgraded the ratings on Hong Leong Financial Group Berhad’s (HLFG) RM800 million commercial papers and medium term notes (CP/MTN) facilities [2007 to 2014], and RM300 million CP/MTN facilities [2002 to 2009] to AA-/MARC-1 from A+/MARC-1. The ratings outlook is stable. The upgrade reflects the consistent and improving profitability of the financial services group which has allowed HL...

MARC has assigned ratings of MARC-1/A+ with a Positive Outlook to Hong Leong Financial Group Berhad’s (HLFG) proposed RM800 million commercial papers and Medium-Term Notes (CP/MTN) facilities. The ratings hinge largely on the strong credit profile of HLFG’s core subsidiaries, Hong Leong Bank Berhad (HLB) and Hong Leong Assurance Berhad (HLA), and on their continued ability to upstream ...

MARC has affirmed the ratings of Hong Leong Financial Group Berhad’s (HLFG) RM300 million commercial papers and Medium-Term Notes (CP/MTN) facilities at A+/MARC-1 with a Positive Outlook. The ratings encompass the shared credit profile of HLFG’s operating subsidiaries, established banking and insurance franchises of core subsidiaries, as well as the sound capital position of the compan...

MARC has upgraded the short-term rating to MARC-1 and the long-term rating to A+ in respect of Hong Leong Credit’s (HLC) commercial papers and Medium-Term Notes programme. This reflects the improved fundamentals of HLC’s key subsidiaries as well as the improved capital structure of the company. The rating is moderated by the competitive financial services environment and the potential ...

MARC has reaffirmed the short-term rating at MARC-2 and concurrently upgraded the long-term rating from A- to A of Hong Leong Credit’s (HLC) commercial papers and Medium-Term Notes programme respectively. This reflects the improved fundamentals of HLC’s key subsidiaries as well as the improved capital structure of the company. The rating is moderated by the competitive banking and finance envi...

MARC has affirmed the short-term and long-term ratings of Hong Leong Credit Berhad’s (HLC) commercial papers and Medium-Term Notes programme at MARC-2 and A- respectively. This reflects the strong fundamentals of HLC’s subsidiaries as well as the improved double leverage and stable debt-equity. The rating is moderated by the competitive banking and finance environment and the potential limitat...

Malaysian Rating Corporation Berhad (MARC) has assigned short and long term ratings of MARC-2 and A- (single A minus) respectively to Hong Leong Credit Berhad’s (HLC) CP/MTN Programme, reflecting the strong fundamental strength of HLC’s banking and insurance subsidiaries and the expected improvement in HLC’s pro-forma double leverage and debt position. The rating is however moderated by the ...

Malaysian Rating Corporation Berhad (MARC) has upgraded the long-term rating of Hong Leong Credit Berhad’s (HLC) RM500 million redeemable unsecured bonds to A- (single A minus) from BBB+ (triple B plus) previously. The rating upgrade reflects the reasonably high conversion rate of the company’s warrants which, coupled with its rights issue completed in August 2001, were instrumental in loweri...