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MARC has affirmed WCT Berhad’s (WCT) issue ratings as follows:RM300 million Redeemable Sukuk with Warrants at AA-ISRM300 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) at MARC-1ID/AA-IDRM100 million Islamic Fixed Rate Serial Bonds at AA-IDRM100 million Islamic CP/MTN at MARC-1ID/AA-IDThe rating outlook is revised to stable from developing. The rating actions are premised on WCT...
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MARC has affirmed WCT Berhad’s (WCT) issue ratings as follows:RM300 million Redeemable Sukuk with Warrants at AA-ISRM300 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) at MARC-1ID/AA-IDRM100 million Islamic Fixed Rate Serial Bonds at AA-IDRM100 million Islamic CP/MTN at MARC-1ID/AA-IDThe outlook on the ratings is revised to developing from negative. The rating action reflects M...
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MARC has affirmed its AA-IS, MARC-1ID / AA-ID, AA-ID and MARC-1ID / AA-ID ratings on WCT Berhad’s (WCT) RM300 million Redeemable Sukuk with Warrants, RM300 million Islamic Commercial Papers / Medium Term Notes, RM100 million Islamic Fixed Rate Serial Bonds and RM100 million Islamic Commercial Papers / Medium Term Notes Programme, respectively. At the same time, all ratings were removed from ...
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MARC has placed its AA-IS, MARC-1ID / AA-ID, AA-ID and MARC-1ID / AA-ID ratings on WCT Berhad’s (WCT) RM300 million Redeemable Sukuk with Warrants, RM300 million Islamic Commercial Papers / Medium Term Notes, RM100 million Islamic Fixed Rate Serial Bonds and RM100 million Islamic Commercial Papers / Medium Term Notes Programmes respectively on MARCWatch Negative. The rating action follows Du...
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MARC has assigned its MARC-1ID/AA-ID ratings to WCT Engineering Berhad’s (WCT) RM300 million Islamic Commercial Papers / Islamic Medium-Term Notes Programme (ICP/IMTN). The rating outlook is stable. Proceeds from the issuance will be used for capital expenditure, general working capital requirements and to redeem any outstanding bonds issued in 2005. This issuance follows a recent RM300 mill...
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MARC has assigned an initial rating of AA-IS for WCT Engineering Berhad’s (WCT) RM300 million Redeemable Sukuk with Warrants (Sukuk). The outlook for the rating is stable. Proceeds from the issuance will be used for working capital. The rating reflects the strong market position of WCT’s construction and civil engineering business and its ability to sustain significant competitive chal...
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MARC has upgraded its corporate debt ratings of WCT Engineering Berhad (WCT) and WCT Land Berhad (WCTL). The following ratings are affected: (1) WCT’s rating on its RM100 million Islamic Fixed Rate Serial Bonds has been upgraded to AA- ID from A+ ID, and its ratings on its RM100 million Islamic Commercial Papers / Medium Term Notes Programme have been upgraded to AA- ID/MARC-1 ID from A+ ID/...
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MARC has revised its rating outlook on its corporate debt ratings of WCT Engineering Berhad (WCT) and WCT Land Berhad (WCTL) to positive from stable. The following ratings are affected: (1) WCT’s A+ID rating on its RM100 million Islamic Fixed Rate Serial Bonds and its A+ID/MARC-1ID ratings on its RM100 million Islamic Commercial Papers / Medium Term Notes Programme, and (2) WCTL’s A+(c...
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MARC does not expect the acquisition by WCT Engineering Berhad (WCT) of the 35.17% stake in WCT Land Berhad (WCTL) which it does not own to have a meaningful effect on the corporate debt ratings of WCT and WCTL. WCT and WCTL have ratings of A+ID/MARC-1ID and A+(cg) respectively.On November 30, WCT announced that it had made a voluntary take over offer to acquire all the remaining shares in WCTL. I...
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MARC has reaffirmed the ratings of WCT Engineering Berhad’s (WCT) Islamic Fixed Rate Serial Bonds of RM100 million at A+ID and 7-year Islamic Commercial Papers/Medium-Term Notes Programme of up to RM100 million (Islamic CP/MTN) (collectively known as Islamic Securities or IS) at MARC-1ID /A+ID with a stable outlook. The ratings reflect WCT’s sustained competitive position in the ...
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