Press Releases
Displaying 1-10 of 16 results.
Tuesday, Jan 10, 2017
MARC has withdrawn its AA-(cg) and AA-IS(cg) ratings with a negative outlook on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Medium-Term Notes Programmes respectively. There are currently no outstanding issuances under the rated programmes, which are currently in the process of being cancelled by the issuer. MARC’s ratings withdrawal is at the...

This article has been viewed 933 times.
Friday, May 20, 2016
MARC has withdrawn its ratings of MARC-1(cg) and MARC-1ID(cg) on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) short-term debt programmes due to the expiration of the Conventional and Islamic Commercial Paper (CP and ICP) components of the combined RM3.5 billion programmes. The CP and ICP programmes were part of Tesco Malaysia’s RM3.5 billion CP and ICP, and Medium-Term Notes and Islamic...

This article has been viewed 1036 times.
Wednesday, Nov 26, 2014
MARC has downgraded the long-term ratings of Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Medium-Term Notes Programmes to AA(cg) and AAID(cg) from AA+(cg) and AA+ID(cg) respectively. The short-term ratings on the Conventional and Islamic Commercial Papers under the same programmes have been maintained at MARC-1(cg) and MARC-1ID(cg) respectively. ...

This article has been viewed 1386 times.
Thursday, Sep 25, 2014
MARC has placed its ratings on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Commercial Papers/Medium-Term Notes Programme on MARCWatch Negative. The rating action follows an announcement by Tesco Malaysia’s parent company UK-based Tesco PLC (Tesco) that it has identified an overstatement of its expected profit by about £250 million for...

This article has been viewed 1421 times.
Wednesday, Jan 15, 2014
MARC has lowered its ratings on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional Commercial Papers/Medium Term Notes (CP/MTN) Facility and Islamic Commercial Papers/Medium Term Notes (ICP/IMTN) Facility to MARC-1(cg) /AA+(cg) and MARC-1ID(cg) /AA+ID(cg) from MARC-1(cg) /AAA(cg) and MARC-1ID(cg) /AAAID(cg) respectively. The outlook for the ratings is revised to st...

This article has been viewed 2515 times.
Wednesday, Feb 20, 2013
MARC has affirmed Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional Commercial Papers/Medium Term Notes (CP/MTN) Facility and Islamic Commercial Papers/Medium Term Notes (ICP/IMTN) Facility at MARC-1(cg) /AAA(cg) and MARC-1ID(cg) /AAAID(cg) respectively. The outlook for the ratings is revised to negative from stable. The ratings reflect the credit strength of the ...

This article has been viewed 2218 times.
Thursday, Feb 02, 2012
MARC has affirmed Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional Commercial Papers/Medium Term Notes (CP/MTN) Facility and Islamic Commercial Papers/Medium Term Notes (ICP/IMTN) Facility at MARC-1(cg)/AAA(cg)  and MARC-1ID(cg)/AAAID(cg) respectively. The ratings carry a stable outlook. The affirmed ratings and outlook are premised on the corporate guarante...

This article has been viewed 1765 times.
Friday, Jan 14, 2011
MARC has affirmed its ratings on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional Commercial Papers/Medium Term Notes (CP/MTN) Facility and Islamic Commercial Papers/Medium Term Notes (ICP/IMTN) Facility at MARC-1(cg)/AAA(cg) and MARC-1ID(cg)/AAAID(cg) respectively. The outlook for the ratings is stable. The ratings reflect the credit strength of the corporate guaran...

This article has been viewed 1512 times.
Monday, Dec 14, 2009
MARC has affirmed Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Commercial Papers/Medium Term Notes Programme at AAA(cg)/MARC-1(cg) and AAAID(cg)/MARC-1ID(cg) respectively. The ratings reflect the credit strength of the corporate guarantee provided by its parent company, UK-based Tesco plc for the rated facilities and MARC’s public informatio...

This article has been viewed 1536 times.
Wednesday, Mar 04, 2009
MARC has affirmed the ratings of AAA(cg)/MARC-1(cg) and AAAID(cg)/MARC-1ID(cg) on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Commercial Paper and Medium Term Notes (CP/MTN/ICP/IMTN) Programme. The ratings reflect the credit strength of the corporate guarantee extended by its parent company, UK-based Tesco PLC (Tesco plc) for the rated facilities...

This article has been viewed 1369 times.