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MARC has withdrawn its MARC-1/AAA ratings on Valid Ventures Berhad’s (VVB) RM85 million Commercial Papers/Medium Term Notes (CP/MTN) programme. The ratings withdrawal follows the confirmation by the facility agent, OSK Investment Bank Berhad, that the outstanding CP of RM15.0 million was fully redeemed on December 9, 2010 and VVB has unconditionally and irrevocably confirmed the termination ...
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MARC has withdrawn its AAA ratings on Free Zone Capital Berhad’s (FZCB) and Valid Venture Berhad’s (VVB) Fixed Rate Serial Bonds of RM410 million and RM510 million respectively. The ratings withdrawal follows the confirmation that the facilities have been fully redeemed and cancelled on November 26, 2010 and November 30, 2010 respectively, as confirmed by the facility agent OSK Investm...
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MARC has affirmed its ratings on the four special purpose vehicle debt issuances which are supported by deferred payment receivables from Port Klang Authority (PKA) in respect of the land purchase and development costs of the Port Klang Free Zone (PKFZ) as follows:NoIssuers Issues*Current RatingsOutlook1.Special Port Vehicle Berhad (SPVB) RM1,310 million ABSBAAANegative2.Transshipment ...
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MARC has affirmed the ratings of Valid Ventures Berhad’s (VVB) RM510.0 million fixed rate serial bonds (bonds) and up to RM85.0 million Commercial Paper/Medium Term Notes (CP/MTN) Programme at AAA and MARC-1/AAA, respectively. The rating outlook remains stable. The affirmed ratings and ratings outlook continue to reflect the Government of Malaysia’s (GOM) demonstrated willingness and c...
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MARC has reaffirmed the AAA and MARC-1/AAA ratings of Valid Ventures Berhad’s (VVB) RM510.0 million fixed rate serial bonds (bonds) and up to RM85.0 million Commercial Paper/Medium Term Notes (CP/MTN) Programme, respectively. The ratings carry a stable outlook. The rating reflects the Government of Malaysia’s (GOM) demonstrated willingness and capacity to support the deferred payment o...
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MARC has affirmed the ratings of Valid Ventures Berhad’s (VVB) RM510.0 million fixed rate serial bonds (bonds) and up to RM85.0 million of Commercial Papers/Medium-Term Notes (CP/MTN) facilities at AAA and MARC-1/AAA respectively. The bonds and CP/MTN are secured by the assignment of rights, titles and benefit of the payment obligations by Port Klang Authority (PKA), pursuant to the Developm...
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MARC has assigned ratings of AAA/MARC-1 rating to Valid Ventures Berhad’s (VVB) proposed issuance of RM510.0 million fixed-rate serial bonds and up to RM85.0 million Commercial Papers/Medium-Term Notes Programme (CP/MTN). The ratings reflect the Government of Malaysia’s (GOM) backing of Port Kelang Authority (PKA), a statutory authority, to undertake the GOM’s project; the national importanc...
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