Press Releases - Category: Finance
Displaying 1-10 of 412 results.
Friday, Oct 22, 2021
MARC has assigned a final rating of AAAIS to Bank Pertanian Malaysia Berhad’s (Agrobank) RM1.0 billion Islamic Medium-Term Notes Programme (IMTN Programme). The rating outlook is stable.The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary r...

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Wednesday, Oct 06, 2021
MARC views the acquisition of Danajamin Nasional Berhad (Danajamin) by Bank Pembangunan Malaysia Berhad (Bank Pembangunan) does not have immediate rating implications on both entities. The rating agency currently rates both entities at AAA with a stable outlook.  Bank Pembangunan will acquire 50% of Danajamin’s shares from Credit Guarantee Corporation Malaysia Berhad (CGC) and the rema...

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Wednesday, Oct 06, 2021
MARC has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB).The IMR rating continues to factor KIB’s well-established investment processes and sound risk management practices. The IMR rating on KIIB mirrors KIB’s based on our assessment on the former’s significant integration with...

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Tuesday, Oct 05, 2021
MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+ and MARC-1 with a stable outlook on Kenanga Investment Bank Berhad (Kenanga). Kenanga’s strong competitive position in the domestic stockbroking industry from which it has been able to generate moderate-to-strong income remains the key factor for the rating affirmation. This is supported by the investmen...

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Monday, Sep 06, 2021
MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 on Islamic Development Bank (IsDB). The rating agency has concurrently affirmed its AAAIS rating on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad, a trust established by IsDB.The FI ratings are driven by the preferred creditor status of IsDB as a multilateral development bank established b...

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Thursday, Aug 12, 2021
MARC has assigned its financial institution (FI) rating of AAA to Bank Pertanian Malaysia Berhad (Agrobank). Concurrently, the rating agency has assigned a preliminary rating of AAAIS to the bank’s proposed RM1.0 billion Islamic Medium-Term Notes Programme (IMTN Programme). The ratings outlook is stable.The FI rating reflect Agrobank’s status as a wholly government-owned development financial ...

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Friday, Jul 30, 2021
MARC has affirmed its insurer financial strength (IFS) rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin Nasional Berhad (Danajamin). Concurrently, the rating agency has affirmed its ratings of AAAIS and AA+IS on the Senior and Subordinated Sukuk Murabahah of up to RM2.0 billion under Danajamin’s Sukuk Murabahah programme. The outlook on all ratings is stable.The affirmed ...

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Thursday, Jul 29, 2021
MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 with a stable outlook on CIMB Bank Berhad. Concurrently, the rating agency has affirmed its ratings on the bank’s existing subordinated debt programmes as follows: RM10.0 billion Basel III–compliant Tier 2 Subordinated Debt Programme affirmed at AA+/StableRM5.0 billion Subordinated Debt and Junior Sukuk Programmes affi...

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Thursday, Jul 29, 2021
MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and its issue rating of AA on the group’s RM10.0 billion Basel III–compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable.CIMB Group is a non-operating financial holding company whose key subsidiary CIMB Bank Berhad accounted for 86.0% of its tot...

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Tuesday, Jul 27, 2021
MARC has affirmed its long- and short-term financial institution (FI) ratings of AA+/MARC-1 on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia) with a stable outlook. The FI ratings are based on the national rating scale. The long-term FI rating of KFH Malaysia is notched down from its parent Kuwait Finance House KSC’s (KFH) FI rating based primarily on our assessment of the explicit i...

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