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MARC has withdrawn its AA-ID rating on IJM Plantations Bhd’s RM150 million ABBA bonds with immediate effect following the full and final redemption of the outstanding RM35 million ABBA bonds, as confirmed by its trustee, HSBC Trustee (Malaysia) Bhd.Contacts: Lee Mei Lin 03-2090 2259/ meilin@marc.com.my; Ryan Lee Ju Vern, 03-2090 2230/ juvern@marc.com.my ...
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MARC has upgraded IJM Plantations Berhad’s (IJMP) RM150 million Al-Bai Bithaman Ajil Serial Bonds (ABBA) long-term rating to AA-ID from A+ID. The rating outlook is stable. The upgrade reflects the group’s solid operating performance supported by an improving plantation maturity profile attesting to its superior estate management practice, strong profitability and cash flow generating c...
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MARC has reaffirmed IJM Plantations Berhad’s (IJMP) RM150 Million Al-Bai Bithaman Ajil Islamic Debt Securities (ABBA) rating at A+ID with stable outlook. The reaffirmation reflects consistent operating performance, well managed plantations and favourable capital structure. These strengths are moderated by IJMP’s exposure to cyclical palm oil prices.IJMP is principally involved in the c...
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MARC has affirmed IJM Plantations Berhad’s (IJMP) RM150 Million Al-Bai Bithaman Ajil Islamic Debt Securities (ABBA) rating at A+ID with stable outlook. The affirmation reflects IJMP’s steady operating performance focusing on oil palm plantation and milling as well as its strong financial profile. The rating is nonetheless moderated by IJMP’s exposure to the cyclical developments ...
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The rating of IJM Plantations Berhad’s (IJMP) RM150 Million Al-Bai Bithaman Ajil Islamic Debt Securities has been upgraded to A+ID reflecting its business focus in oil palm plantation and palm oil milling and its strong financial profile. The rating is, however, moderated by the Group’s vulnerability to cyclical developments in the palm oil industry.IJMP’s oil palm cultivation is undertaken ...
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The rating reflects IJM Plantations Berhad’s (IJMP) business focus in palm oil plantation and milling and its strong plantation performance. The rating is, however, moderated by the Group’s vulnerability to cyclical developments in the palm oil industry.IJMP’s palm oil cultivation is undertaken in the Sandakan and Labuk-Sugut districts of Sabah. Out of a total land bank of 29,560 hectares, 7...
This article has been viewed 1057 times.
The rating reflects IJM Plantations Berhad’s (IJMP) business focus in palm oil plantation and milling and its strong plantation performance. The rating is, however, moderated by the Group’s vulnerability to cyclical developments in the palm oil industry.IJMP’s palm oil cultivation is undertaken in the Sandakan and Labuk-Sugut districts of Sabah. Out of a total land bank of 29,497 hectares, o...
This article has been viewed 1018 times.