Press Releases
Displaying 1-7 of 7 results.
Friday, Mar 13, 2020
MARC has affirmed its AA-IS rating on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook.   The affirmed rating remains driven by MMC’s significant strength in ports and logistics, engineering, and utilities operations that continue to be steadily strengthened. Underpinned by long-term concessions (ports and utilities) and sizeable government...

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Wednesday, Jan 30, 2019
MARC has affirmed its AA-IS rating on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook. The rating reflects MMC’s longstanding track record and strong market position in key sectors of the domestic economy namely ports, engineering and utilities. Its ports and utilities divisions which are underpinned by long-term concessions, and its engineer...

This article has been viewed 378 times.
Monday, Mar 26, 2018
MARC has maintained its AA-IS rating on MMC Corporation Berhad’s (MMC) Sukuk Murabahah (Sukuk Murabahah) Programme following an upsize of the programme limit to RM2.5 billion from the original RM1.5 billion. The outlook on the rating is stable. MARC views that as the proceeds from the additional RM1.0 billion Sukuk Murabahah will be wholly utilised to redeem an existing term loan facility...

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Thursday, Jan 25, 2018
MARC has affirmed its rating of AA-IS on MMC Corporation Berhad’s (MMC) RM1.5 billion Sukuk Murabahah Programme (Sukuk Murabahah) with a stable outlook. The rating affirmation reflects MMC’s strong competitive position in port operations, engineering and construction, as well as power generation. The affirmed rating is also supported by long-term concessions for its ports and power oper...

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Wednesday, Dec 14, 2016
MARC has affirmed its rating of AA-IS with a stable outlook on MMC Corporation Berhad’s (MMC) RM1.5 billion Sukuk Murabahah Programme (Sukuk Murabahah). The rating affects the outstanding sukuk of RM1.3 billion issued as at November 30, 2016. The affirmed rating is driven by MMC group’s sizeable business operations and strong competitive position in three key businesses namely port and ...

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Wednesday, Oct 28, 2015
MARC has maintained its AA-IS rating with a stable outlook on MMC Corporation Berhad’s (MMC) RM1.5 billion Sukuk Murabahah Programme following its assessment on the impact of the debt-funded acquisition of NCB Holdings Berhad (NCB) on the group. MARC’s rating action has taken into account MMC’s deleveraging plan over the near term to address the spike in group borrowings and leverage levels...

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Tuesday, Sep 22, 2015
MARC has assigned a rating of AA-IS with a stable outlook to MMC Corporation Berhad’s (MMC) proposed notes issuance of up to RM1.5 billion under a Sukuk Murabahah Programme (Sukuk Murabahah). The bulk of the proceeds from the proposed programme will be largely utilised to refinance MMC’s existing borrowings at the holding company level. MMC is mainly an investment holding company whose k...

This article has been viewed 683 times.