Press Releases
Displaying 1-10 of 12 results.
Friday, Sep 20, 2019
MARC has assigned a final rating of A with a stable outlook to WCT Holdings Berhad’s proposed Perpetual Sukuk Musharakah Programme (perpetual sukuk) of up to RM1.0 billion. Upon review of the final documentation for the programme, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of A wa...

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Wednesday, Aug 28, 2019
MARC has affirmed the ratings of WCT Holdings Berhad’s RM1.0 billion Medium-Term Notes (MTN) Programme and RM1.5 billion Sukuk Murabahah Programme (sukuk) at AA- and AA-IS. Concurrently, MARC has assigned a preliminary rating of A with a stable outlook to WCT Holdings’ proposed Perpetual Sukuk Musharakah Programme (perpetual sukuk) of up to RM1.0 billion. The rating outlook on the perpetual s...

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Friday, Nov 23, 2018
MARC has affirmed its ratings on WCT Holdings Berhad’s RM1.0 billion Medium-Term Notes (MTN) Programme and RM1.5 billion Sukuk Murabahah Programme at AA- and AA-IS. The ratings outlook has been revised to negative from stable.  The outlook revision considered the slower-than-expected progress to reduce WCT Holdings’ elevated...

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Friday, Oct 27, 2017
MARC has affirmed its ratings on WCT Holdings Berhad’s (WCT Holdings) RM1.0 billion Medium-Term Notes (MTN) Programme and RM1.5 billion Sukuk Murabahah Programme at AA- and AA-IS respectively. Concurrently, MARC has revised the ratings outlook to stable from negative. The current outstanding under the MTN Programme and Sukuk Murabahah Programme are RM1.0 billion and RM950.0 million respectively....

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Wednesday, Jul 12, 2017
MARC today announced that the request for arbitration against WCT Holdings Berhad (WCT Holdings), filed by three companies over claims related to a Qatari project, has no immediate rating impact on WCT Holdings’ RM1.0 billion MTN Programme and RM1.5 billion Sukuk Murabahah Programme. The ratings remain at AA- and AA-IS respectively with a negative outlook. On July 10, 2017, WCT Holdings ann...

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Thursday, Feb 02, 2017
MARC has removed the ratings on WCT Holdings Berhad’s (WCT Holdings) RM1.0 billion MTN Programme and RM1.5 billion Sukuk Murabahah Programme from MARCWatch Developing. The ratings were placed on MARCWatch Developing on November 4, 2016 to enable the rating agency to reassess WCT Holdings’ business plan and the impact on its credit metrics following a major change in shareholders after the gro...

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Friday, Nov 04, 2016
MARC has today placed WCT Holdings Bhd’s (WCT Holdings) debt and sukuk ratings on MARCWatch Developing. The rating action affects the RM1.0 billion 15-year MTN and RM1.5 billion 15-year Sukuk Murabahah Programmes whose ratings of AA- and AA-IS respectively were affirmed with a negative outlook on October 7, 2015. The MARCWatch Developing placement reflects the potential change in the credi...

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Wednesday, Dec 30, 2015
MARC has withdrawn its rating of AA- on WCT Holdings Berhad’s (WCT Holdings) RM600.0 million Fixed Rate Serial Bonds. The rating withdrawal follows the full redemption of the outstanding RM300.0 million bonds on December 28, 2015 and cancellation of the bond facility as confirmed by the facility agent. MARC’s analytical coverage on WCT Holdings is now limited to the following rated debt ...

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Wednesday, Oct 07, 2015
MARC has affirmed its long-term ratings on WCT Holdings Berhad’s (WCT Holdings) debt and sukuk issuances but has revised the ratings outlook to negative from stable. WCT Holdings’ rated debt and sukuk issuances are as follows: RM600.0 million 5-year Fixed Rate Serial Bonds (due December 2015) at AA-; RM1.0 billion 15-year MTN Programme (due April 2028) at AA-; and RM1.5 billion 15...

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Friday, Sep 26, 2014
MARC has assigned a preliminary rating of AA-IS with a stable outlook to WCT Holdings Berhad’s (WCT Holdings) proposed RM1.5 billion 15-year Sukuk Murabahah programme. Concurrently, MARC has affirmed its existing debt ratings with a stable outlook on WCT Holdings’ outstanding issuances as follows:RM300 million 7-year Islamic Commercial Paper (ICP)/Islamic Medium-Term Notes (IMTN) Progr...

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