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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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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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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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MARC has assigned final ratings of AAAIS/MARC-1IS to Small Medium Enterprise Development Bank Malaysia Berhad’s (SME Bank) Islamic Medium-Term Notes (IMTNs) Programme of up to RM3.0 billion (which include Sustainability IMTNs) and Islamic Commercial Papers (ICPs) Programme of up to RM1.0 billion with a combined limit in nominal value of up to RM3.0 billion. The ratings outlook is stable.The rati...
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MARC has affirmed its ratings on Cagamas Berhad’s bonds and sukuk issuances as follows:Conventional and Islamic Commercial Papers (CP/ICP) programmes with a combined aggregate limit of RM20.0 billion at MARC-1/MARC-1ISConventional and Islamic Medium-Term Notes (MTN/IMTN) programmes of up to RM60.0 billion at AAA/AAAISThe ratings outlook is stable. Cagamas’ status as the national mortgage corpo...
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MARC has assigned preliminary ratings of AAAIS/MARC-1IS on Small Medium Enterprise Development Bank Malaysia Berhad’s (SME Bank) proposed Islamic Medium-Term Notes (IMTNs) Programme of up to RM3.0 billion (which shall include Sustainability IMTNs) and Islamic Commercial Papers (ICPs) Programme of up to RM1.0 billion, with a combined limit in nominal value of up to RM3.0 billion. Concurrently, t...
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MARC has assigned a “Gold” Sustainability Sukuk Assessment to the Sustainability Sukuk Framework (SSF) of Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank). The SSF sets out the guidelines for SME Bank’s Sustainability Sukuk issuances under its proposed Islamic Medium-Term Notes (IMTNs) programme of up to RM3.0 billion and Islamic Commercial Papers (ICPs) programme of up to...
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Malaysian Rating Corporation Berhad (MARC) and OCBC Bank (Malaysia) Berhad (OCBC Bank) today announced the closing of an externally reviewed multi-tranche Green Term Loan Facility (Facility) for MFP Solar Sdn Bhd (MFP Solar). The agreement facilitates the establishment of a RM100 million Facility between OCBC Bank and MFP Solar which will be utilised to finance the development of multiple rooftop ...
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MARC has affirmed its long- and short-term financial institution (FI) ratings of AA+/MARC-1 with a stable outlook on China Construction Bank (Malaysia) Berhad. CCBM continues to be very well supported by parent China Construction Bank Corporation (CCB), which carries a public information rating of AAA/stable from MARC. This rating mainly reflects CCB’s status as a majority-owned financial entity...
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MARC has affirmed its financial institution (FI) rating of AAA on The Export-Import Bank of Korea (KEXIM) and its issue rating of AAA on KEXIM’s Medium-Term Notes programme of RM1.0 billion. The FI and issue ratings are based on the domestic rating scale. The outlook on the ratings is stable.The FI rating on KEXIM is equalised to the Republic of Korea’s (South Korea) AAA/stable rating from MAR...
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