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MARC has withdrawn its AAAIS rating on IJN Capital Sdn Bhd’s RM209 million Sukuk Musyarakah Programme following the full redemption of the outstanding RM30 million on March 21, 2013 and cancellation of the programme as confirmed by the facility agent on May 20, 2013. MARC will no longer provide analytical coverage on the issuer upon withdrawal of the aforementioned rating.Contacts: Nisha Fer...
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MARC has affirmed its AAAIS rating on the RM30 million outstanding sukuk issued under IJN Capital Sdn Bhd’s (IJN Capital) Sukuk Musyarakah Programme with a stable outlook. IJN Capital is a wholly-owned special-purpose company of IJN Holdings Sdn Bhd (IJN Holdings). The affirmed rating and stable outlook incorporates the favourable competitive position of IJN Holding’s main operating en...
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MARC has affirmed its AAAIS rating on the outstanding RM55 million of the Series 1 RM100 million sukuk issued under IJN Capital Sdn Bhd’s (IJN Capital) RM209 million Sukuk Musyarakah Programme. The AA+ rating on the unissued Series 2 RM109 million sukuk has been withdrawn following the expiry of the facility’s drawdown period. The outlook is stable. IJN Capital is a wholly-owned specia...
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MARC has affirmed its AAAIS rating on the outstanding RM80 million of Sukuk issued under IJN Capital Sdn Bhd's (IJN Capital) RM209 million Sukuk Musyarakah Programme. The outlook is stable. IJN Capital is a special purpose funding entity wholly-owned by IJN Holdings Sdn Bhd (IJN Holdings). The rating on the Sukuk, which will be maturing in 2011 through 2013, incorporates a single notch uplift from...
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MARC has affirmed the ratings on special purpose company, IJN Capital Sdn Bhd’s (IJN Cap) outstanding RM100 million of the RM209 million Sukuk Musyarakah programme at AAAIS. The affirmed rating primarily reflects the credit quality of Institut Jantung Negara Sdn Bhd (IJN) which effectively funds the obligations under IJN Cap under the Sukuk Musyarakah. Key credit considerations include the g...
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MARC affirms its AAAIS rating on IJN Capital Sdn Bhd’s (IJNC) outstanding RM100 million Sukuk out of RM209 million Sukuk Musyarakah programme. The rating reflects the group’s strong business profile as the leading and premier cardiac centre in Malaysia, its ownership by the Minister of Finance Incorporated (MOF) and robust liquidity profile. Moderating the rating is the regulated fee s...
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MARC has reaffirmed the ratings of AAAIS and AA+IS to IJN Capital Sdn Bhd’s (IJNC) RM100 million Sukuk Musyarakah due in year 2013 and RM109 million Sukuk Musyarakah with maturities of more than seven (7) years from the date of first issue. The ratings carry a Stable Outlook. The ratings reflect IJN’s leading position as one of the best cardiac centres in Malaysia, its excellent ...
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MARC has affirmed the ratings of AAAIS and AA+IS to IJN Capital Sdn Bhd’s (IJNC) RM100 million Sukuk Musyarakah with maturities of seven (7) years or less from the date of first issue and RM109 million with maturities of more than seven (7) years from the date of first issue, respectively with Stable Outlook. The ratings stem from IJN’s position as one of the leading cardiac cent...
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MARC has assigned the ratings of AAA and AA+ to IJN Capital Sdn Bhd’s RM100 million Sukuk Musyarakah with maturities of seven (7) years or less from the date of first issue and RM109 million Sukuk Musyakarah with maturities of more than seven (7) years from the date of first issue, respectively. The ratings stem from Institut Jantung Negara Sdn Bhd’s (IJN) position as one of the leading cardi...
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