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MARC has withdrawn its ratings of MARC-2ID/AID on Premium Nutrients Berhad’s (Premium Nutrients) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) programme in connection with the cancellation of the MUNIF/IMTN effective April 8, 2010, as confirmed by its facility agent, MIDF Amanah Investment Bank Berhad. The facility cancellation follows the...
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MARC has removed its ratings of MARC-2ID/AID on Premium Nutrients Berhad’s (Premium Nutrients), RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) programme from MARCWatch Developing where it had been placed on December 4, 2009 to highlight an impending refinancing of the programme. Premium Nutrients is principally involved in the manufacturing...
This article has been viewed 997 times.
MARC has placed its MARC-2ID/AID ratings of Premium Nutrients Berhad’s (Premium Nutrients), RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) programme on MARCWatch Developing following Premium Nutrients’ proposed early redemption of the entire outstanding MUNIF/IMTN of RM45 million. The early redemption will be financed by external borr...
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MARC has revised its outlook on its ratings of Premium Nutrients Berhad’s (Premium Nutrients) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) to developing from stable. Concurrently, MARC has affirmed its MARC-2ID/AID ratings on the MUNIF/IMTN programme. The revised rating outlook reflects MARC’s concern about Premium Nutrients’ ...
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MARC has reaffirmed its MARC-2ID / AID ratings on Premium Nutrients Berhad’s (“PNB”) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium-Term Notes (MUNIF/IMTN). The ratings carry a stable outlook. The ratings reflect PNB’s good business position as a specialty and non-specialty fats manufacturer with a broad product range and geographically diversifi...
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MARC has affirmed the ratings of Premium Nutrients Berhad’s (PNB) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium-Term Notes (MUNIF/IMTN) at MARC-2 ID / A ID with a stable outlook. The affirmation mainly reflects PNB Group’s competitive position as an integrated producer of speciality fats, its business strategy focusing on niche markets but with a well diver...
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MARC has affirmed the ratings of Premium Nutrients Berhad’s (Premium Nutrients) RM85 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium-Term Notes (MUNIF/IMTN) at MARC-2ID / AID. The affirmation reflects the Group’s competitive position as an integrated producer of specialty fats; its diversified customer base and the structural features in the issue structure. The ratings a...
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The ratings of Premium Nutrients Berhad’s (Premium Nutrients) RM85 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium-Term Notes (MUNIF/IMTN) have been affirmed at MARC-2ID/AID reflecting its competitive position as an integrated producer of specialty fats; and the fairly tight issue structure. Nonetheless, a moderating factor to the ratings is the Group’s thin operating p...
This article has been viewed 986 times.
The ratings assigned reflect Premium Nutrients Group’s competitive position as an integrated producer of specialty fats; and the structural features in the issue structure. The rating, however, is moderated by the Group’s thin operating profit margin, limiting its ability to leverage on its balance sheet.A KLSE Second-Board listed entity, Premium Nutrients Group is principally involved in the ...
This article has been viewed 954 times.