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MARC has withdrawn its ratings of AA-ID / MARC-1ID on Top Glove Corporation Berhad’s (Top Glove) RM100 million Islamic Medium Term Notes Programme and RM100 million Islamic Commercial Papers Programme with immediate effect. The rating withdrawal follows the redemption of its outstanding Islamic Medium Term Notes and early cancellation of the facility on December 7, 2009, as confirmed by its ...
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MARC has affirmed its MARC-1ID/AA-ID ratings on Top Glove Corporation Berhad’s (Top Glove) RM100 million Islamic Medium-Term Note Programme and RM100 million Islamic Commercial Papers Programme with a positive outlook. The affirmed ratings reflect Top Glove’s global market leadership, sound business model and robust credit metrics. Moderating the ratings would be the sensitivity of its...
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MARC has reaffirmed the ratings of AA-ID and MARC-1ID on Top Glove Corporation Bhd’s (Top Glove) RM100.0 million Islamic Medium-Term Notes (IMTN) Programme and RM100.0 million Islamic Commercial Papers (ICP) Programme. The ratings outlook is stable. The ratings are premised on Top Glove’s leading global market position and a strong financial profile that is underpinned by sustained gro...
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MARC has reaffirmed the long and short term ratings of AA- ID and MARC-1ID respectively with a stable outlook for Top Glove Corporation Bhd’s (Top Glove) Islamic Medium-Term Notes (IMTN) Programme of up to nominal value RM100 million and Islamic Commercial Papers (ICP)Programme of up to nominal value RM100 million based on its scale of business as the largest glove maker in the world a...
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MARC has affirmed the short and long term ratings of MARC-1ID and AA-ID respectively with a stable outlook for Top Glove Corporation Bhd’s (“Top Glove”) Islamic Commercial Papers (“ICP”) Programme of up to nominal value RM100 million and Islamic Medium-Term Notes (“IMTN”) Programme of up to nominal value RM100 million. The affirmation reflects the group&rs...
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MARC has lifted its MARCWatch placement on Top Glove Corporation Bhd’s (“Top Glove”) Islamic debt securities of up to RM100 million Murabahah/Ijarah Commercial Papers (“CP”) Programme and up to RM100 million Murabahah/Ijarah Medium Term Notes (“MTN”) Programme following confirmation from the company that the issue of expired work permits involving a sizeab...
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MARC has placed the ratings of Top Glove Corporation Bhd’s (Top Glove) Islamic debt securities of up to RM100 million Murabahah/Ijarah Commercial Papers (CP) Programme and up to RM100 million Murabahah/Ijarah Medium Term Notes (MTN) Programme on MARCWatch with a developing outlook due to revelations that approximately 2,000 of the company’s foreign workforce have not had their work per...
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MARC has assigned short and long term ratings of MARC-1ID and AA-ID respectively to Top Glove Corporation Bhd’s (“Top Glove”) proposed Islamic Commercial Papers (“CP”) Programme of up to RM100 million in nominal value and Islamic Medium Term Notes (“MTN”) Programme of up to RM100 million in nominal value. The ratings reflect the Group’s competitive position as the world’s largest...
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