Melombong dan Perumahan Sdn Bhd’s (MDP) rating of MARC-2ID is reaffirmed, reflecting the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments to form the primary source of repayment of the debt issue. This is further strengthened by the good sales performance of both the Ultima condominiums and low cost units. The specific...

MARC has received the confirmation from the Facility Agent that MPSB’s MuNIF Notes have been bought back in full by MPSB and cancelled accordingly. Hence, MARC no longer has any rating obligation on MPSB’s MuNIF Facility and the MARC 2-ID rating is hereby withdrawn. ...

Malaysian Rating Corporation Berhad (MARC) has affirmed Melombong dan Perumahan Sdn Bhd’s (MDP) RM60 million Murabahah Underwritten Notes Issuance Facility (MUNIF) rating at MARC-2ID. The rating affirmation reflects the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments to form the primary source of repayment of the debt...

Malaysian Rating Corporation Berhad (MARC) has assigned a standalone short-term rating of MARC-2ID to Melombong dan Perumahan Sdn Bhd’s (MDP) RM60 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects the strength of the issue structure which captures the sales proceeds of the Ultima I and II condominiums and low cost apartments, that will form the primary source o...