Press Releases
Displaying 1-7 of 7 results.
Tuesday, Nov 28, 2023
MARC Ratings has affirmed its AAAIS(bg)  rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Bank Pembangunan Malaysia Berhad–guaranteed Sukuk Ijarah Programme with a stable outlook. On a standalone basis, Masteel’s credit profile incorporates its longstanding track record in the domestic production of steel billets and steel bars, its moderate domestic market posit...

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Monday, Oct 03, 2022
MARC Ratings has affirmed its AAAIS(fg)  rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Danajamin Nasional Berhad-guaranteed Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook are based on MARC Ratings’ assessment of credit strength of Danajamin (AAA/Stable) which has provided an unconditional and irrevocable financial guarantee insuran...

This article has been viewed 351 times.
Thursday, Sep 23, 2021
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd's (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook.The affirmed rating and outlook are based on the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided an unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...

This article has been viewed 455 times.
Thursday, Aug 13, 2020
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook reflect the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...

This article has been viewed 561 times.
Tuesday, Aug 06, 2019
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC has issued an insurer financial strength rating of AAA/stable and long-ter...

This article has been viewed 823 times.
Friday, Nov 23, 2018
MARC has assigned a final rating of AAAIS(fg) to Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme. The outlook on the rating is stable. Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Sukuk have not changed in any material way from the draft documentation on which the earlier preliminary rating o...

This article has been viewed 978 times.
Friday, Oct 26, 2018
MARC has assigned a preliminary rating of AAAIS(fg) to Malaysia Steel Works (KL) Bhd’s (Masteel) proposed RM130.0 million Sukuk Ijarah Programme with a stable outlook. The assigned rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC has an insurer financial strength rating of AAA/stable a...

This article has been viewed 970 times.