Press Releases
Displaying 1-8 of 8 results.
Wednesday, Dec 29, 2021
MARC has affirmed its AA+IS rating with a stable outlook on Sime Darby Property Berhad's (SD Property) Islamic Medium-Term Notes Programme of RM4.5 billion under the Shariah principle of Musharakah. SD Property's well-established position as a township developer and its strong sales track record in domestic property development remain key rating drivers. Its sizeable landbank of 15,199 acres ...

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Wednesday, Nov 25, 2020
MARC has assigned a final rating of AA+IS with a stable outlook to Sime Darby Property Berhad’s (SD Property) RM4.5 billion Sukuk Musharakah Programme. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based.For full deta...

This article has been viewed 279 times.
Wednesday, Oct 21, 2020
MARC has assigned a preliminary rating of AA+IS with a stable outlook to Sime Darby Property Berhad’s (SD Property) Islamic Medium-Term Notes programme of up to RM4.5 billion under the Shariah principle of Musharakah (Sukuk Musharakah). The 30-year Sukuk Musharakah programme expiring in 2039 had been novated to SD Property from Sime Darby Berhad as part of the restructuring exercise undertaken i...

This article has been viewed 274 times.
Monday, Jun 08, 2009
MARC has issued this rating update in connection with Sime Darby Property Berhad’s (SDPB) (formerly known as Guthrie Property Development Holding Berhad) proposed early redemption of the outstanding Islamic Medium-Term Notes Programme (IMTN) totalling RM100 million which matures in March 2011. SDPB is currently seeking bondholders’ approval for the proposed early redemption and subsequ...

This article has been viewed 887 times.
Friday, Dec 28, 2007
MARC has reaffirmed the rating of Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic Medium-Term Notes Programme (IMTN) at AA- ID. The outlook on the rating has been revised to positive from stable. The positive outlook reflects the ongoing rationalization within the Group’s corporate structure and a possible change in its ownership structure. It also reflects M...

This article has been viewed 777 times.
Thursday, Jan 18, 2007
The rating of Guthrie Property Development Holding Berhad’s (GPDH) RM750 Million Islamic Medium-Term Notes Programme has been reaffirmed at AA- ID with a stable outlook, reflecting the Group’s strong financial position and commendable competitive position evident from the range of development products offered, its track record and the sizeable landbank that the group possesses. The sof...

This article has been viewed 863 times.
Thursday, Sep 08, 2005
MARC has affirmed Guthrie Property Development Holding Berhad’s (GPDH) rating of RM750 million Islamic Medium-Term Notes programme at AA-ID (double A minus, Islamic Debt). The rating reflects GPDH’s reputable position as a leading property developer in the country and its sound financial profile. Other positive rating factors include GPDH’s vast land holding and its commendable track record ...

This article has been viewed 796 times.
Thursday, Feb 26, 2004
MARC has assigned a rating of AA-ID(double A minus, Islamic Debt) to Guthrie Property Development Holding Berhad’s (GPDH) RM750 million Islamic Medium-Term Notes programme. The rating reflects the strength of GPDH as a leading property developer in the country and its sound financial profile. Other positive rating factors include GPDH’s vast land holding and its commendable reputation and trac...

This article has been viewed 738 times.