Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM500 million 5-year Sanadat Mudharabah Cagamas (SMC), issued on 23 April 2002. The 5-year SMC carry an average yield of 4.280% p.a.. The SMC are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial property loans a...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM1,670 million 3-month (discount) Notes issued on 18 April, 2002. The 3-month Notes carry an average discount rate of 2.747% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industria...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM520 million 2-year Fixed Rate Bonds, RM615 million 3-year Fixed Rate Bonds and RM700 million 4-year Fixed Rate Bonds, issued on 12 April 2002. The 2-year, 3-year and 4-year Fixed Rate Bonds carry an average yield of 3.232% p.a., 3.513% p.a. and 3.862% p.a. respectively. The Bonds are issued to fund the pur...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM800 million 1-month (discount) Notes issued on 14 March, 2002. The 1-month Notes carry an average discount rate of 2.707% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM350 million 1-year (discount) Notes issued on 28 February, 2002. The 1-year Notes carry an average discount rate of 2.774% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM50 million 7-year Sanadat Mudharabah Cagamas (SMC), issued on 26 February 2002. The 7-year SMC carry an average yield of 4.48% p.a.. The SMC are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial property loans ...

Malaysian Rating Corporation Berhad (MARC) has upgraded the long-term rating of Hong Leong Credit Berhad’s (HLC) RM500 million redeemable unsecured bonds to A- (single A minus) from BBB+ (triple B plus) previously. The rating upgrade reflects the reasonably high conversion rate of the company’s warrants which, coupled with its rights issue completed in August 2001, were instrumental in loweri...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM1,000 million 2-year Fixed Rate Bonds and RM810 million 3-year Fixed Rate Bonds, issued on 20 February 2002. The 2-year and 3-year Fixed Rate Bonds carry an average yield of 3.302% p.a. and 3.544% p.a. respectively. The Bonds are issued to fund the purchase of mortgage loans from financial institutions, co...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM800 million 1-month (discount) Notes issued on 30 January, 2002. The 1-month Notes carry an average discount rate of 2.718% p.a. The Notes are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industria...

MARC has assigned a MARC-1(bg)/A(bg) (single A flat, bank guaranteed) rating on Pembangunan Leasing Corporation’s (PLC) Guaranteed Notes Issuance Programme comprising the issuance of Commercial Papers and Medium Term Notes. The rating reflects the strength of the unconditional and irrevocable guarantee provided by Bank Pembangunan & Infrastruktur Malaysia Berhad (BPIMB) which carries a rating o...