MARC has received confirmation from Mayban Trustees Bhd as the trustee for Malaysia International Shipping Corporation Berhad’s RM1.5 billion CP/MTN Programme that the said facility has been fully redeemed. As such, MARC no longer has any rating obligation on the CP/MTN Programme and the MARC-1ID / AAAID ratings are hereby withdrawn....

MISC’s recent announcement that it has entered into an agreement with First Financial Corporation to dispose 32 of its bulk vessels for USD740 Million (RM2.8 billion) is viewed positively by MARC. The disposal would effectively reduce MISC’s exposure to the volatility of the bulk vessel sector as well as enabling the Group to further strengthen its position as a premier player in the energy-re...

MARC has reaffirmed Malaysia International Shipping Corporation Berhad’s (MISC) MARC-1ID/AAAID ratings on its RM1.5 billion Murabahah Commercial Paper / Medium-Term Notes Programme (2000/2005). The reaffirmation of the ratings is predicated by the Group’s solid operating fundamentals; its dominant position in the Malaysian shipping industry particularly the liquefied natural gas segment; exten...

The reaffirmation of the ratings reflects Malaysia International Shipping Corporation Berhad’s (MISC) solid operating fundamentals, in particular the Liquefied Natural Gas (LNG) shipping segment. Other supporting factors include MISC’s strategic position in the Malaysian shipping industry; its sound financial policy; exceptional financial flexibility; and the strong support of its majority sha...

MARC has reaffirmed the rating of MARC-1ID/AAAID assigned to Malaysia International Shipping Corporation Berhad’s (MISC) RM1.5 billion Murabahah Commercial Paper/Medium-Term Notes Programme (2000/2005). The affirmation of the ratings reflect MISC’s solid operating fundamentals, in particular the Liquefied Natural Gas (LNG) shipping segment, that provides the company with a stable and recurrent...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed MISC’s RM1.5 billion Murabahah Commercial Paper/Medium Term Notes Programme (2000/2005) ratings of MARC-1ID/AAAID (Islamic Debt). The affirmed ratings on MISC reflect MARC’s belief that the solid operating fundamentals of MISC’s Liquefied Natural Gas (LNG) shipping segment will provide the company with a strong ability to withstand ...

Malaysian Rating Corporation Berhad (MARC) has assigned ratings of MARC-1/AAAID to Malaysia International Shipping Corporation Berhad’s (MISC) RM1.5 billion Murabahah Commercial Paper/Medium Term Notes Programme (2000/2005) respectively. The ratings reflect strong and stable earnings from its predominantly low-risk business of LNG shipping, good profitability record, strong cash flow position, ...