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MARC has withdrawn its AAA ratings on Free Zone Capital Berhad’s (FZCB) and Valid Venture Berhad’s (VVB) Fixed Rate Serial Bonds of RM410 million and RM510 million respectively. The ratings withdrawal follows the confirmation that the facilities have been fully redeemed and cancelled on November 26, 2010 and November 30, 2010 respectively, as confirmed by the facility agent OSK Investm...
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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:NoIssuers Issues*Current RatingsOutlook1.Special Port Vehicle Berhad (SPVB) RM1,310 million ABSBAAANegative2.Transshipment ...
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MARC has removed its AAA and MARC-1/AAA ratings on Port Klang Free Zone (PKFZ)-related debt issuances from MARCWatch Negative where they were first placed on July 1, 2009. Concurrently, MARC has attached a negative outlook to the ratings. The rating actions affect the following issues:1. Special Port Vehicle Berhad’s (SPVB) RM1,310 million Asset-Backed Serial Bonds;2. Transshipment...
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MARC has placed its debt ratings of AAA and MARC-1/AAA of Port Klang Free Zone (PKFZ) related debt issuances on MARCWatch Negative. The PKFZ related debt ratings involve the following issuers and corresponding debts:Special Port Vehicle Berhad’s (SPV) RM1,310 million Asset-Backed Serial Bond (ABSB);Transshipment Megahub Berhad’s (TMB) RM1,095 million Fixed Rate Serial Bonds (FRSB) and ...
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MARC has affirmed the rating of Free Zone Capital Berhad’s (FZCB) RM410.0 million fixed rate serial bonds and up to RM70.0 million Commercial Papers/Medium Term Notes (CP/MTN) programme at AAA and MARC-1/AAA, respectively. The ratings carry a stable outlook. Wholly-owned by Kuala Dimensi Sdn Bhd (KDSB), FZCB was incorporated solely for the purpose of issuing the fixed rate serial bonds and C...
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MARC has affirmed the rating of Free Zone Capital Berhad’s (FZCB) RM410.0 million fixed rate serial bonds and up to RM70.0 million Commercial Papers/Medium-Term Notes (CP/MTN) programme at AAA and AAA/MARC-1 respectively. The ratings carry a stable outlook. FZCB is a wholly owned subsidiary of Kuala Dimensi Sdn Bhd (KDSB), incorporated solely for the purpose of issuing the fixed rate serial ...
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MARC has assigned ratings of AAA and AAA/MARC-1 to Free Zone Capital Berhad’s (FZCB) proposed issuance of RM410.0 million fixed-rate serial bonds and up to RM70.0 million Commercial Papers/Medium-Term Notes (CP/MTN) respectively. The ratings are premised on the Government of Malaysia’s (GOM) backing of Port Kelang Authority (PKA), a statutory authority, to undertake the GOM’s pro...
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