Press Releases - Category: Finance
Displaying 1-10 of 420 results.
Wednesday, Mar 09, 2022
MARC Ratings has assigned a final rating of A+IS to MBSB Bank Berhad’s RM5.0 billion Islamic Medium-Term Notes (Sustainability Sukuk Wakalah) Programme. The outlook on the rating 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 preliminar...

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Tuesday, Feb 22, 2022
MARC Ratings has assigned a “Silver” Sustainability Sukuk Assessment to MBSB Bank Berhad’s ASEAN Sustainable and Responsible Investment (SRI) Sustainability Sukuk Framework (the Framework). The Framework identifies a total of 13 Eligible Categories, each of which contributes to one or more sustainability objectives and United Nations’ Sustainable Development Goals (SDGs). MARC Ratings is o...

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Monday, Feb 07, 2022
MARC Ratings has withdrawn its financial institution (FI) rating of AAA on the Export-Import Bank of Korea (KEXIM), as well as its AAA rating on KEXIM’s Medium-Term Notes (MTN) programme of RM1.0 billion. The rating withdrawal on the MTN programme follows its expiry on February 2, 2022. With this withdrawal, MARC Ratings will cease providing analytical coverage on KEXIM. Contacts:Haziq Najm...

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Thursday, Jan 27, 2022
MARC Ratings has withdrawn its ratings of AA+/AA+IS on CIMB Bank Berhad’s RM5.0 billion Tier 2 Subordinated Debt and Junior Sukuk programmes. The ratings withdrawal follows the termination of the programmes as confirmed by the facility agent.MARC Ratings’ analytical coverage on CIMB Bank’s issuance is now limited to the bank’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Pro...

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Friday, Jan 14, 2022
MARC Ratings has assigned its financial institution (FI) rating of A+ to MBSB Bank Berhad and a preliminary rating of A+IS to the bank’s proposed RM5.0 billion Sukuk Wakalah programme. The outlook on the ratings is stable.MBSB Bank’s strength in banking and financing, particularly in personal financing, and a strong capitalisation that has been well supported by its ultimate shareholder, Emplo...

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Tuesday, Dec 14, 2021
MARC has affirmed its financial institution (FI) rating of AAA with a stable outlook on Credit Guarantee Corporation Malaysia Berhad (CGC).The rating reflects 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. We have incorporated a very high ...

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Thursday, Dec 09, 2021
MARC has affirmed its financial institution ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The ratings outlook is stable. The ratings incorporate Bank Muamalat’s healthy capitalisation levels, stronger asset quality metrics and improved profitability trend. If the bank susta...

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Thursday, Nov 11, 2021
MARC has affirmed Bank Pembangunan Malaysia Berhad’s (Bank Pembangunan) financial institution (FI) rating of AAA and accordingly the issue rating on the development financial institution’s (DFI) RM5.0 billion Islamic Medium-Term Notes (IMTN) Programme at AAAIS. The outlook on all ratings is stable. The ratings affirmation factors in Bank Pembangunan’s status as a wholly government-owned...

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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...

This article has been viewed 158 times.