MARC Ratings has affirmed its rating on Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM1.4 billion as of November 30, 2023.SD Property’s strong sales track record in well-established townships, and strong balance sheet, characterised by lo...

MARC Ratings has affirmed its rating on Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM800.0 million as of November 30, 2022.SD Property’s continued strong sales track record in its well-established townships, and healthy balance sheet cha...

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 ...

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...

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...

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...

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...

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...

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 ...

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...