Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM330 million 3-year Fixed Rate Bonds, RM260 million 5-year Fixed Rate Bonds and RM220 million 10-year Fixed Rate Bonds, issued on 6 December 2001. The 3-year, 5-year and 10-year Fixed Rate Bonds carry an average yield of 3.136% p.a., 3.311% p.a. and 3.912% p.a. respectively. The Bonds are issued to fund the...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM380 million reopening of the existing 3-year Fixed Rate Bonds and a short-term rating of MARC-1 to the RM650 million 3-month and RM310 million 1-month (discount) notes respectively, issued on 16 November 2001. The Bonds carry an average yield of 2.832% p.a., and the 3-month and 1-month Notes carry average d...

Malaysian Rating Corporation Berhad (MARC) has assigned a financial institution rating of A (single A flat) and a short-term rating of MARC-1 to Bank Islam Malaysia Berhad (“the Bank”). The ratings reflect the Bank’s strategic importance in the development of Islamic banking as a viable alternative to the conventional banking system, further supported by a solid liquidity position, healthy...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AAA to the RM400 million 3-year Fixed Rate Bonds issued on 19 September 2001. The Bonds carry an average coupon rate of 3.133% p.a.. The Bonds are issued to fund the purchase of mortgage loans from financial institutions, corporations and the Government, in addition to purchases of industrial property loans and hire pu...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM275 million of 1-month (discount) and RM175 million of 3-month (discount) Notes issued on 13 September, 2001. The 1-month and 3-month Notes carry an average discount rate of 2.765% p.a. and 2.787% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from financi...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed the long-term and short-term issuer ratings of Cagamas Berhad at AAA (Triple A) and MARC-1 respectively.Cagamas Berhad’s (Cagamas) ratings reflect its exceptionally strong ability to meet existing financial commitments and distinctly superior quality of its portfolio of loans and debts purchased on full recourse to the primary lenders. T...

MARC has assigned a rating of A- (Single A minus) to MAA Holdings Berhad’s (MAAH) RM120.0 million nominal amount six-year structured serial bonds. The rating assigned to MAAH’s bond issue is drawn from the insurer strength ratings of the general and life insurance funds of its main subsidiary Malaysian Assurance Alliance Berhad (MAA) and the support provided by a Revolving Credit Facility to ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM395 million of 3-month (discount) Notes issued on 23 August, 2001. The 3-month Notes carry an average discount rate of 2.788% 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 industr...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM275 million of 1-month (discount) Notes and RM660 million of 3-month (discount) Notes issued on 17 August, 2001. The 1-month and 3-month Notes carry an average discount rate of 2.766% p.a. and 2.792% p.a. respectively. The Notes are issued to fund the purchase of mortgage loans from fina...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Cagamas Berhad’s RM1,375 million of 3-month (discount) Notes issued on 20 July, 2001. The 3-month Notes carry an average discount rate of 2.817% 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 industr...