The rating of CNLT (Far East) Bhd’s existing GRUNIF has been rationalized to MARC-2 (bg) following the completion of the merger of financial institutions within the consortium of bank guarantors. The notes are secured against unconditional and irrevocable bank guarantees in respect of the redemption of up to the face value of the notes issued. The rating reflects the strength of the bank guara...

KFC Holdings (Malaysia) Bhd’s (KFCH) rating of A+ID (single A plus, Islamic Debt) in respect of its RM300 million Islamic Notes Issuance Facility (INIF) reflects the Group’s above-average business and operation fundamentals and strong financials backed by a proven track record. A moderating factor to the rating is the risk profile of the food-related industry characterized by strong competit...

Malaysian Rating Corporation Berhad (MARC) today announced that it has affirmed the long term rating of AAA(bg) on Sinmah Resources Berhad’s RM50 million nominal amount of 3.5% redeemable bonds due 2002, guaranteed by Rabobank Nederland Labuan Branch. The rating reflects the strength of the unconditional and irrevocable guarantee provided by Rabobank, which has a rating of ‘AAA’ from Thomson...

Malaysian Rating Corporation Berhad (MARC) has assigned a rating of MARC-3 (bg) to CNLT (Far East) Berhad’s (CNLT), RM50 million syndicated bank guaranteed revolving underwritten notes issuance facility. The rating reflects the strength of the unconditional and irrevocable bank guarantees provided by a consortium of banks, based on the weakest link approach. CNLT’s own financial capacity to m...