MARC has received confirmation from the facility agent that Pembinaan Mitrajaya Sdn Bhd’s RM55 million BaIDS has been fully redeemed. As such, MARC no longer has any rating obligation on the bonds and the A-ID rating is hereby withdrawn....

Road Builder (M) Sdn Bhd’s (RBM) rating has been reaffirmed at A+(s) reflecting its competitive position in the civil engineering and building segment, good track record, experienced management team and a tight issue structure. The rating also reflects the shareholder support of up to RM200 million on a reducing balance provided by the holding company, Road Builder (M) Holdings Bhd (RBH). Modera...

MARC has reaffirmed Road Builder (M) Holdings Bhd’s (RBH) corporate credit rating of A+. The rating reaffirmation is reflective of RBH’s diversified earnings base which protects the Group from a downturn in any industry in which it is operating; its highly regarded name as a successful and competitive contractor in the civil engineering and building segment; experienced management team; and st...

MARC has received confirmation from IJM Corporation Berhad that its RM150.0 million nominal value Redeemable Unsecured Bonds (2000/2005) was fully redeemed on 28 February 2005 and has cancelled and terminated all agreements related to the facility. As such, MARC no longer has any rating obligation on the facility and the A+ID rating is hereby withdrawn....

MARC has upgraded the short and long term ratings of Ranhill Berhad’s (“Ranhill”) partially underwritten RM300.0 million Murabahah Commercial Papers (MCP) / Murabahah Medium Term Notes (MMTN) to MARC-1ID/A+ID respectively. The upgrade is underpinned by the Group’s diversification into the power and water sectors which provide a stable income stream to mitigate the cyclical nature of the co...

MARC has affirmed Pembinaan Mitrajaya Sdn Bhd’s (PMSB) long term rating of A-ID (A minus, Islamic Debt) and short term rating of MARC 2ID reflecting the strength of the issue structure, which includes the assignment of contract proceeds for the purpose of redeeming the MONI and BAIDS facilities; its relatively good business position and proven track record which enable the company to sustain its...

The rating reflects IJM Corporations Berhad’s (IJM) consistently strong financial results, the ability to sustain its competitive position domestically and internationally and the diversity of its business. Moderating factors include the increasing competitiveness in the domestic construction environment compounded by the difficult building materials industry, and the inherent risks in each busi...

MARC has affirmed the rating of Special Port Vehicle’s (SPV) RM1,310.0 million nominal amount asset-backed serial bonds facility. The rating affirmation is premised on the superior credit rating of the Government of Malaysia (GOM) backing Port Klang Authority (PKA), the obligor under the transaction; minimal exposure to construction risk with 83.3% of the infrastructure works completed as at 31 ...

MARC has assigned a rating of MARC-2 ID /A-ID to Jana Niaga Sdn Bhd’s (JNSB) RM100.0 million Murabahah Underwritten Notes Issuance Facility. Supporting the rating is the guaranteed minimum rental payments to be made by Universiti Industri Selangor (UNISEL). Moderating factors, on the other hand, include construction and completion risks of the university’s main campus, student and staff accom...

MARC has assigned a rating of AAA to Gerbang Perdana CIQ Sdn Bhd’s proposed RM1.7 billion Seven Year Medium Term Notes issuance programme. The rating reflects the Government of Malaysia’s (“GOM”) unconditional and irrevocable obligation to pay the acknowledged sum on the stipulated date stated on the Facility Payment Certificate (“FPC”). Each FPC will then be assigned to each tranche o...