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MARC has received confirmation from Motosikal Dan Enjin Nasional Sdn Bhd that its RM80 million MUNIF facility has been fully redeemed and it has arranged for cancellation of the facility and termination of all agreements related to the facility. As such, MARC no longer has any rating obligation on the facility and the MARC-2ID rating is hereby withdrawn....
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MARC has assigned a rating of AAID to Malaysian Merchant Marine Bhd’s (MMM) proposed RM120.0 million Al-Bai’ Bithaman Ajil Serial Bonds (BaIDS). The rating reflects the Group’s proven track record in the highly competitive international shipping industry; its better than average financial profile; as well as a tight issue structure under which the charter proceeds of all its vessels will be ...
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MARC has affirmed Motosikal dan Enjin Nasional Sdn Bhd’s (“MODENAS”) MARC-2ID rating on its RM80 million Murabahah Underwritten Notes Issuance Facility (MUNIF) (2002/2006). The affirmation is supported by MODENAS’ position as the number one motorcycle manufacturer in Malaysia and low gearing level. The rating, is however, moderated by its future cash flows’ sensitiveness to reduction in ...
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Malaysian Rating Corporation Berhad (MARC) has assigned a short term corporate debt rating of MARC-2ID (Islamic Debt) to Motosikal Dan Enjin Nasional Sdn Bhd’s (MODENAS) RM80 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects MODENAS’ strong market position in the 4-stroke segment of the motorcycle industry; Government’s support in the form of tariff protecti...
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