Press Releases - Category: Construction
Displaying 91-100 of 237 results.
Wednesday, Sep 15, 2010
MARC has affirmed its rating of MARC-2ID for Prinsiptek Corporation Berhad’s (Prinsiptek) Murabahah Commercial Paper (MCP) Programme of up to RM30 million and revised the outlook to stable from negative. The rating action follows MARC’s review of Prinsiptek’s credit profile after the construction group’s announcement of its first half FY2010 profit of RM2.8 million compared...

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Monday, Aug 23, 2010
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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Tuesday, Apr 06, 2010
MARC has downgraded its long- and short-term ratings on Nam Fatt Corporation Berhad’s (Nam Fatt) RM250 million Islamic Commercial Papers/Islamic Medium Term Notes Programme (ICP/IMTN) as follows:Long-term debt rating to DID from CIDShort-term debt rating to DID from MARC-4IDMARC has also removed Nam Fatt’s ratings from MARCWatch Negative where they were placed on December 30, 2009. Tod...

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Tuesday, Mar 16, 2010
MARC has downgraded its ratings on Nam Fatt Corporation Berhad’s (Nam Fatt) RM250 million Islamic Commercial Paper/Islamic Medium Term Notes Programme (ICP/IMTN) to MARC-4ID/CID from MARC-3ID/BBB+ID. The ratings continue to be placed on MARCWatch Negative where it has been placed since December 30, 2009.  The rating action was taken following Nam Fatt’s failure to meet its princip...

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Thursday, Feb 25, 2010
MARC has downgraded its rating on Matang Highway Sdn Bhd’s (Matang) RM70.0 million Sukuk Musharakah issuance to AIS from AA-IS and concurrently removed the rating from MARCWatch Negative where it was first placed on August 6, 2009. The rating outlook is negative. The rating actions reflect the tight liquidity of Matang as a result of the knock-on consequences of construction delay in Matang&...

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Thursday, Feb 11, 2010
MARC has affirmed Makro Utama Sdn Bhd’s (Makro) RM100.0 million Al-Istisna’ Bonds (the Bonds) rating of A+ID. The outlook of the rating is stable. The affirmed rating reflects the strong credit quality of the sole obligor, the Department of Irrigation and Drainage Malaysia, and the moderately low execution risk entailed in the RM402.9 million Sungai Muda Package 2 Flood Mitigation Proj...

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Thursday, Jan 07, 2010
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:1. Special Port Vehicle Berhad’s RM1,310 million Asset-Backed Serial Bonds at AAA; 2. Transshipment Megahub Berhad&rsqu...

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Wednesday, Dec 30, 2009
MARC has affirmed the ratings of MARC-1(bg) /AAA(bg) on Tranche A and MARC-1(bg) /AA+(bg) on Tranche B of Legolas Capital Sdn Bhd’s (Legolas) RM105.0 million Commercial Paper/ Medium Term Notes (CP/MTN) Programme and RM110.0 million CP/MTN Programme respectively. The ratings on Tranche A reflect MARC’s AAA/MARC-1 public information financial institution ratings on Malayan Banking Berha...

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Wednesday, Dec 30, 2009
MARC has downgraded its ratings on Nam Fatt Corporation Berhad’s (Nam Fatt) RM250 million Islamic Commercial Paper/Islamic Medium Term Notes Programme (ICP/IMTN) to MARC-3ID/BBB+ID from MARC-1ID/A+ID, and concurrently placed the ratings on MARCWatch Negative. The downgrade reflects significant and severe deterioration in the credit profile of Nam Fatt due to material delays in the progress o...

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Monday, Dec 28, 2009
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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