MARC has withdrawn its ratings of MARC-1ID/AA-ID on WCT Holdings Berhad’s (WCT Holdings) RM300.0 million Islamic Commercial Paper/Medium-Term Notes (ICP/IMTN) Programme. The ICP/IMTN Programme matured on April 15, 2015 and was subsequently cancelled by the facility agent. MARC’s analytical coverage on WCT Holdings is now limited to the following rated debt issuances: • RM600.0 million ...

MARC is issuing this update on WCT Holdings Berhad (WCT Holdings) following the recent announcement by its subsidiary WCT Land Berhad that it will acquire 89.3 hectares of land parcels in Serendah, Selangor, for RM115.4 million. The land parcels, which are adjacent to the group’s existing land bank, are expected to provide a fairly large contiguous land area for potential township developme...

MARC has assigned a final rating of AA-IS to WCT Holdings Berhad’s (WCT Holdings) Sukuk Murabahah Programme of up to RM1.5 billion. The outlook on the ratings is stable.Full details on the assigned rating have been provided in WCT Holdings’ preliminary rating announcement on September 26, 2014. The full Credit Analysis Report is available on MARC’s website at www.marc.com.my.Con...

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...

MARC has withdrawn its rating of AA-IS on WCT Berhad’s outstanding RM100 million Redeemable Sukuk with Warrants.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...

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...

MARC has withdrawn its rating of AA-ID on WCT Berhad’s RM100 million Islamic Fixed Rate Serial Bonds.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....

MARC has assigned a preliminary 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 affirmed its existing debt and sukuk ratings with a stable outlook on WCT’s outstanding issuances. The list of WCT’s rated outstanding issuances is provided at the end of this announcement.The r...

MARC has affirmed its long-term and short-term issue ratings of AA- and MARC-1 on WCT Berhad (WCT) with a stable outlook. A complete list of the ratings and rated issues is provided at the end of this announcement.The ratings for WCT recognise the group's near-term revenue visibility and its past demonstrated ability to respond to changing market conditions balanced against the business and financ...

MARC has assigned a rating of AA- to WCT Berhad’s (WCT) RM600 million serial fixed rate bonds with 193.7 million detachable warrants. The outlook for the rating is stable. The proceeds from the issue will be used to fund the repayment of its upcoming debt maturities totalling RM350 million in FY2011 and FY2012 as well as working capital requirements of the group. The assigned rating incorpor...