Press Releases
Displaying 1-8 of 8 results.
Thursday, Sep 20, 2007
Following verbal confirmation from note holders that Stenta Films (Malaysia) Sdn Bhd (Stenta) has failed to redeem and cancel RM7.0 million of MUNIF notes due on September 19, 2007, MARC has lowered the rating on Stenta’s RM90.0 million Murabahah Notes Issuance Facility (MUNIF) from ‘MARC-4ID’ to ‘DID’ . MARC has had to rely on verbal confirmation, as the trustee for ...

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Wednesday, May 09, 2007
MARC has lifted its MARCWatch Negative placement in respect of Stenta Films (Malaysia) Sdn Bhd’s (Stenta) RM90 million Murabahah Notes Issuance Facility (“MUNIF”) and has reaffirmed the short term rating of MARC-4ID.Stenta is the leading domestic Biaxially Oriented Polypropylene (BOPP) film manufacturer and commands approximately 50% of the market in terms of local production of ...

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Tuesday, Feb 06, 2007
MARC has downgraded the rating of Stenta Films (Malaysia) Sdn Bhd’s (Stenta) RM90 million Murabahah Notes Issuance Facility (MUNIF) from MARC-3ID to MARC-4ID.The rating also remains on MARCWatch, with negative implications. The rating action is premised on recent representations by the company that it intends to refinance the facility. This leads to concerns over the company’s ability ...

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Wednesday, Jun 21, 2006
MARC has placed Stenta Films (M) Sdn Bhd’s (“Stenta”) RM90 million Murabahah Underwritten Notes Issuance Facility (“MUNIF”) on MARCWatch with a Negative Outlook. The action arises from Stenta’s intention to request for a further moratorium on principal repayment for another two years to September 2008 on the MUNIF facility thereby increasing refinancing risk, it...

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Thursday, Oct 20, 2005
MARC has lifted the Rating Watch (with a developing outlook) on Stenta Films (Malaysia) Sdn Bhd’s (“Stenta”) RM90 million Murabahah Notes Issuance Facility (“MUNIF”). Simultaneously, MARC has also reaffirmed the rating of MARC-3ID assigned to the MUNIF.The rating decision is based upon the approval from the Securities Commission (“SC”) and Noteholders on the revision in the reduction...

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Thursday, Jul 07, 2005
MARC has placed the rating of MARC-3ID in respect of Stenta’s RM90 million Murabahah Notes Issuance Facility (MUNIF) on a developing outlook; pending the approval of the Securities Commission (SC) and noteholders on the revision in reduction schedule of the MUNIF. The proposed revision is attributed to the high raw material (petroleum-based resins) prices in tandem with the uptrend in oil prices...

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Monday, Aug 23, 2004
MARC has affirmed the rating of MARC-3ID assigned to Stenta Films (Malaysia) Sdn Bhd’s (Stenta) RM90 million Murabahah Notes Issuance Facility (MUNIF). The rating affirmation reflects the company’s leading position in manufacturing quality Biaxially Oriented Polypropylene (BOPP) films and improving financial profiles of both Stenta and its parent company - P.T. Argha Karya Prima Industry of In...

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Tuesday, Sep 16, 2003
The rating assigned reflects Stenta Films (Malaysia) Sendirian Berhad’s (Stenta) leading position in manufacturing quality Biaxially Oriented Polypropylene (BOPP) films, the most commonly used flexible packaging material for customers involved in the food and tobacco industries; and Stenta’s improving financial profile. Offsetting these positive factors are concerns over Stenta’s ability to...

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