Press Releases - Category: Finance
Displaying 1-10 of 443 results.
Tuesday, Jan 17, 2023
MARC Ratings has assigned final ratings of AA/MARC-1 to Pac Lease Berhad’s Medium-Term Notes and Commercial Papers programme with a combined aggregate limit of RM1.5 billion. 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...

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Thursday, Jan 05, 2023
MARC Ratings has assigned a final rating of AA-(cg) to Chailease Berjaya Credit Sdn Bhd’s (CBC) Medium-Term Notes (MTN) Programme of up to RM1.0 billion. The rating outlook is stable. The programme carries an unconditional and irrevocable guarantee from CBC’s ultimate holding company, Chailease Holding Company Limited.The rating agency has reviewed the final documentation for the programme and...

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Friday, Dec 23, 2022
MARC Ratings has assigned preliminary ratings of AA/MARC-1 to Pac Lease Berhad’s Medium-Term Notes (MTN) and Commercial Papers (CP) programme with a combined aggregate limit of RM1.5 billion. The ratings outlook is stable.The assigned ratings factor in the lengthy track record and market position of Pac Lease in the domestic industrial hire purchase sector, its sound asset quality metrics, broad...

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Monday, Dec 12, 2022
MARC Ratings has affirmed its financial institution (FI) rating of AAA with a stable outlook on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating is driven by CGC’s status as a development financial institution (DFI) with an explicit public policy role, underpinned by the support provided by the government through Bank Negara Malaysia (BNM), its key shareholder with a 78.6% int...

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Friday, Dec 09, 2022
MARC Ratings has affirmed its financial institution (FI) ratings of A+/MARC-1 on Kenanga Investment Bank Berhad (Kenanga) with a stable outlook. Kenanga’s strong market position and lengthy experience in the stockbroking industry remain key rating drivers. Apart from stockbroking, the rating also considers the bank’s improving position in investment and wealth management, and its consiste...

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Thursday, Dec 08, 2022
MARC Ratings has affirmed its financial institution (FI) rating of A+ on MBSB Bank Berhad and concurrently affirmed its A+IS rating on MBSB Bank’s RM5.0 billion Sukuk Wakalah programme. The ratings outlook is stable.MBSB Bank’s sound capitalisation levels and strong support from its ultimate shareholder Employees Provident Fund (EPF) remain key rating drivers. The rating is moderated by MBSB B...

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Friday, Nov 11, 2022
MARC Ratings has assigned preliminary ratings of MARC-1/MARC-1IS to Cagamas Berhad’s proposed Conventional and Islamic Commercial Papers (CCP/ICP) programmes with a combined aggregate limit of RM20 billion. The ratings outlook is stable.Cagamas’ status as the national mortgage corporation and its strategic role in the domestic financial system, underpinned by its strong capitalisation and heal...

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Tuesday, Nov 01, 2022
MARC Ratings 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 reflects KIB’s well-established investment processes and sound risk management practices. The IMR rating on KIIB mirrors the parent’s rating based on our assessment of KIIB’s significant integration...

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Wednesday, Oct 12, 2022
MARC Ratings has withdrawn its ratings of AAAIS/AA+IS on Danajamin Nasional Berhad’s (Danajamin) RM2.0 billion Senior and Subordinated Sukuk Murabahah programme. The ratings withdrawal follows the full redemption of the outstanding amount of RM500.0 million under the programme and the subsequent cancellation of the programme. This was confirmed by the facility agent on October 11, 2022.  &n...

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Thursday, Sep 29, 2022
MARC Ratings has assigned a preliminary rating of AA-(cg) on Chailease Berjaya Credit Sdn Bhd’s (CBC) proposed RM1.0 billion Medium-Term Notes (MTN) Programme. The rating outlook is stable. The programme carries an unconditional and irrevocable guarantee from CBC’s ultimate holding company, Chailease Holding Company Limited (CHC).CBC is a 70:30 joint venture between CHC and Berjaya Corporation...

This article has been viewed 141 times.