The rating of CNLT (Far East) Bhd’s RM50 million Syndicated Guaranteed Revolving Underwritten Notes Issuance Facility (GRUNIF) has been upgraded to MARC-1 (bg). 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 superior capacity of the bank guarantors to meet their financi...

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...

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...