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MARC has received confirmation from Standard Chartered Bank Malaysia Berhad as the facility agent for Ranhill Berhad (“Ranhill”), that the partially underwritten RM300.0 million Murabahah Commercial Papers (“MCP”) / Murabahah Medium-Term Notes (“MMTN”) Programme has been redeemed and refinanced through an issuance of USD220 million nominal value Guaranteed Notes...
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MARC has upgraded the short and long term ratings of Ranhill Berhad’s (“Ranhill”) partially underwritten RM300.0 million Murabahah Commercial Papers (MCP) / Murabahah Medium Term Notes (MMTN) to MARC-1ID/A+ID respectively. The upgrade is underpinned by the Group’s diversification into the power and water sectors which provide a stable income stream to mitigate the cyclical nature of the co...
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MARC has affirmed the short and long term ratings of Ranhill Berhad’s (“Ranhill”) partially underwritten RM300 million Murabahah Commercial Papers / Murabahah Medium Term Notes at MARC-2ID/AID. The ratings reflect the company’s competitive position in the engineering and construction industry; strong order book; expansion into the water and power industries; and a tight underlying issue st...
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MARC has assigned Islamic corporate debt ratings of MARC-2ID/AID (Islamic Debt) to Ranhill Berhad’s (‘Ranhill’) proposed partially underwritten RM300 million Murabahah Commercial Papers (MCP)/Medium Term Notes (MMTN) Programme. The ratings reflect Ranhill’s competitive position in the engineering and construction business; good track record; and a tight underlying issue structure for...
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