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MARC has affirmed its MARC-1/AA- ratings on IJM Corporation Berhad’s (IJM) Commercial Paper/ Medium Term Notes Programme (CP/MTN) with a stable outlook. The affirmed ratings reflect IJM’s moderate consolidated business risk profile which is underpinned by its good business diversity and adequate market positions in the five sectors in which the group is active: construction, property, ...
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MARC has assigned a final rating of AA- to WCT Berhad's (WCT) proposed RM1.0 billion 15-year Medium Term Notes (MTN) Programme. The rating carries a stable outlook. Concurrently, MARC has also affirmed its MARC-1ID/ AA-ID and AA- ratings with stable outlook on WCT’s existing debt issuances, a list of which is provided at the end of the announcement.Proceeds from the MTN issuance will be util...
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MARC has withdrawn its rating of AA-IS on WCT Berhad’s outstanding RM100 million Redeemable Sukuk with Warrants. The rating withdrawal follows the final redemption of the outstanding amount on March 25, 2013 as confirmed by the issuer.MARC’s analytical coverage on WCT Berhad is now limited to the following rated debt issuances:RM100 million Islamic Commercial Paper (ICP)/Islamic Medium...
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MARC has affirmed the rating of Instacom SPV Sdn Bhd’s (ISPV) RM200 million Murabahah Medium-Term Notes (MMTN) Programme at AAID with a stable outlook. ISPV is a wholly-owned subsidiary of Instacom Engineering Sdn Bhd (IESB) that was set up solely to facilitate the issuance of the MMTNs to finance the purchase of completed telecommunication (telco) towers constructed by the latter. As of dat...
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MARC said today that there will be no immediate rating impact on WCT Berhad’s (WCT) and its subsidiary Segi Astana Sdn Bhd’s rated facilities as a result of WCT’s proposed internal reorganisation exercise. The exercise is being undertaken to segregate WCT’s property development and investment operations from its construction business by forming a newly incorporated in...
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MARC has withdrawn all of Transshipment Megahub Berhad’s (TMB) debt ratings with immediate effect following the repayment of its outstanding bonds and notes amounting to RM599.7 million on November 2, 2012 and cancellation of its RM360 million Commercial Papers/Medium Term Notes (CP/MTN) Programme. The following ratings of TMB were withdrawn:AAA rating on RM1,095.0 million fixed rate serial ...
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MARC has withdrawn its rating of AAA on Gerbang Perdana CIQ Sdn Bhd’s RM1.7 billion Medium Term Notes (MTN) with immediate effect. The rating withdrawal follows the redemption of the outstanding RM14.7 million notes under the rated facility on November 9, 2012 and concurrently the termination of the programme as confirmed by the facility agent.Contacts: Taufiq Kamal, +603-2082 2251/ taufiq@m...
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MARC affirms the rating of TRIplc Ventures Sdn Bhd’s (TVSB) issuance of up to RM240.0 million Senior Medium Term Notes (MTN) at AAA(fg) with a stable outlook. The enhanced rating is premised on an unconditional and irrevocable financial guarantee by Danajamin Nasional Berhad (Danajamin) which has a rating of AAA/stable from MARC. Danajamin’s rating is premised on its role as Malaysia&r...
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MARC has withdrawn its rating of AA-ID on WCT Berhad’s RM100 million Islamic Fixed Rate Serial Bonds. The rating withdrawal follows the final redemption of the outstanding amount and the cancellation of the facility on August 29, 2012 as confirmed by the issuer.Contact: Taufiq Kamal, +603-2082 2251/ taufiq@marc.com.my....
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MARC has affirmed the rating of Gerbang Perdana CIQ Sdn Bhd’s (GPCIQ) RM1.7 billion Medium Term Notes (MTN) programme at AAA with a stable outlook. The rating action affects RM14.7 million of outstanding notes under the programme. The notes are backed by facility payment certificates (FPCs) issued by the Government of Malaysia (GoM) with very strong collection history. The FPCs represent the...
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