Press Releases
Displaying 1-10 of 11 results.
Tuesday, Jun 27, 2023
MARC Ratings has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook. There is no outstanding amount under the programme to date. The rating affirmation continues to incorporate MHB’s conservative balance sheet, solid liquidity and strong competitive position as the largest domestic offsho...

This article has been viewed 253 times.
Wednesday, Aug 10, 2022
MARC Ratings has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook.The rating reflects MHB’s conservative balance sheet, strong liquidity position as well as its strong competitive position as the largest domestic offshore fabricator. These strengths are counterbalanced by the uncertain timin...

This article has been viewed 326 times.
Friday, Aug 27, 2021
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook.The key rating factors are MHB’s conservative balance sheet and strong liquidity position, as well as its strong competitive position as the largest domestic offshore fabricator. MHB’s rating also benefits from a one-notch uplift ba...

This article has been viewed 442 times.
Tuesday, Oct 06, 2020
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook.MHB’s strong competitive advantage as the largest domestic offshore fabricator, its conservative balance sheet and strong liquidity position are key rating drivers. The rating also incorporates a one-notch uplift based on MHB’s stat...

This article has been viewed 542 times.
Monday, Feb 03, 2020
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook. Currently, the sukuk programme has no outstanding amount. The rating incorporates a one-notch rating uplift based on MARC’s expectation of continued business support from its ultimate parent, Petroliam Nasional Berhad (PETRONAS)...

This article has been viewed 670 times.
Wednesday, Mar 27, 2019
MARC has affirmed its rating of AA-IS on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook.   The affirmed rating incorporates a one-notch rating uplift based on MHB’s status as a member of the Petroliam Nasional Berhad (PETRONAS) group of companies. PETRONAS&n...

This article has been viewed 916 times.
Thursday, Mar 29, 2018
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme. Concurrently, MARC has revised the rating outlook to stable from negative. Currently, there is no outstanding sukuk under the rated programme. The outlook revision is driven by MHB’s increasing order book and the improving outlook for the oil and ga...

This article has been viewed 1031 times.
Wednesday, Mar 29, 2017
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme. The outlook is maintained at negative. The continued negative outlook reflects MHB’s weakening profitability metrics due to higher impairment charges and lower contribution from its key heavy engineering unit (HEU) arising from reduced contract flow...

This article has been viewed 972 times.
Wednesday, Jan 27, 2016
MARC has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme. The rating outlook is revised to negative from stable. The outlook revision to negative mainly reflects MHB’s small outstanding order book and the increasing challenges the company faces over the intermediate term to improve its order book replenish...

This article has been viewed 1148 times.
Monday, Mar 16, 2015
MARC has assigned a final rating of AA-IS with a stable outlook on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB or the group) Sukuk Murabahah Programme of up to RM1.0 billion. The rating incorporates a one-notch uplift from MHB’s standalone rating based on MARC’s assessment on the likelihood of moderate support from MHB’s ultimate parent PETRONAS. The suppo...

This article has been viewed 1316 times.