Press Releases - Category: Consumer Products
Displaying 1-10 of 74 results.
Tuesday, Apr 09, 2024
MARC Ratings has revised its rating outlook on the sukuk programmes of its rated cocoa grinders, Guan Chong Berhad (AA-IS) and JB Cocoa Sdn Bhd (A+IS), to negative from stable.The rating action is driven by the prevailing abnormal price environment for cocoa beans, having risen steeply from USD3,835/MT to USD9,193/MT between end-October 2023 and end-March 2024, that has weighed sharply on the work...

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Friday, Nov 10, 2023
MARC Ratings has affirmed its rating of A+IS on Tan Chong Motor Holdings Berhad’s (TCMH) RM1.5 billion Islamic Medium-Term Notes (Sukuk Murabahah) Programme. The rating outlook has been revised to negative from stable.The outlook revision is premised on the continued weakening of the group’s business profile that has resulted in declining market share in the domestic automotive industry and un...

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Wednesday, Oct 04, 2023
MARC Ratings views the credit profile of 7-Eleven Malaysia Holdings Berhad (7-Eleven Holdings) will not be materially impacted from the proposed disposal of its entire 75% stake in Caring Pharmacy Group Berhad to BIG Pharmacy Holdings Sdn Bhd. Accordingly, the rating on 7-Eleven Holdings’ Medium-Term Notes (MTN) Programme remains at AA-/Stable which was affirmed in May 2023.The rating agency not...

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Friday, Aug 11, 2023
MARC Ratings has affirmed its ratings of AAAIS(cg) /MARC-1IS(cg) on F&N Capital Sdn Bhd’s Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined limit of up to RM3.0 billion. The ratings outlook is stable. The ratings reflect the credit strength of Fraser & Neave Holdings Bhd (F&NHB), as the parent unconditionally and irrevocably guarantees th...

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Thursday, Aug 10, 2023
MARC Ratings has affirmed its rating of AA-IS on Guan Chong Berhad’s (GCB) Sukuk Wakalah Programme of up to RM800.0 million with a stable outlook. The outstanding under the programme currently stands at RM600.0 million. GCB's established market position in the midstream cocoa supply chain — as the largest cocoa grinder in Asia and fourth in the world — and its strong operational track r...

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Wednesday, May 10, 2023
MARC Ratings has affirmed its AA- rating on 7-Eleven Malaysia Holdings Berhad’s (7-Eleven Holdings) RM600.0 million Medium-Term Notes (MTN) Programme with a stable outlook. 7-Eleven Holdings’ established market position, strong financial performance and long operating track record in the convenience store segment remain key rating drivers. The rating has incorporated the strong growth pro...

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Thursday, Nov 10, 2022
MARC Ratings has affirmed its rating of A+IS on Tan Chong Motor Holdings Berhad’s (TCMH) outstanding RM300.0 million sukuk issuance under its RM1.5 billion Islamic Medium-Term Notes (Sukuk Murabahah) Programme. The rating outlook is stable. The rating is confined to a RM500.0 million issuance limit and any further drawdown will require a reassessment of the rating.The established presence of TCM...

This article has been viewed 763 times.
Tuesday, Oct 18, 2022
MARC Ratings has affirmed its rating of AA-IS on Guan Chong Berhad’s (GCB) Sukuk Wakalah Programme of up to RM800.0 million with a stable outlook. The outstanding under the programme stood at RM300.0 million as of October 17, 2022.     The rating affirmation mainly reflects GCB’s strong position in the midstream cocoa supply chain as the largest cocoa grinder in Asia and fourth-...

This article has been viewed 488 times.
Friday, Jul 01, 2022
MARC Ratings has affirmed its ratings of AAAIS(cg)/MARC-1IS(cg) on F&N Capital Sdn Bhd’s Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined limit of up to RM3.0 billion. The ratings outlook is stable. F&N Capital is a funding vehicle of Fraser & Neave Holdings Bhd (F&NHB) which has provided an unconditional and irrevocab...

This article has been viewed 401 times.
Wednesday, May 18, 2022
MARC Ratings has affirmed its AA- rating on 7-Eleven Malaysia Holdings Berhad’s (7-Eleven Holdings) RM600.0 million Medium-Term Notes (MTN) Programme with a stable outlook. The outstanding under the programme stood at RM500.0 million as of May 11, 2022.The group’s established market position and strong operating track record in the domestic convenience store segment (7-Eleven Malaysia Sdn Bhd)...

This article has been viewed 455 times.