MARC has received confirmation from Alliance Merchant Bank Berhad, the facility agent for Shamelin Bina Sdn Bhd’s (“SBSB”) RM100 Million Murabahah Medium-Term Note Issuance Facility (MMTN), that the facility has been fully redeemed and cancelled on 8th March 2007. As such, MARC no longer has any rating obligation on the facility, and has accordingly, withdrawn the A- ID rating. ...

The rating of Shamelin Bina Sdn Bhd’s (“SBSB”) RM100 Million Murabahah Medium-Term Note Issuance Facility (MMTN) has been reaffirmed at A-ID. The reaffirmed rating principally reflects the financial and credit profile of SBSB’s consumer co-operative parent, Koperasi Shamelin Berhad (KSB), and the notes’ protective issue structure, offset by the cyclical nature of the ...

Shamelin Bina Sdn Bhd’s (“SBSB”) rating has been reaffirmed at A-ID which reflects, Koperasi Shamelin Berhad’s (KSB) satisfactory asset quality arising from the collection arrangement with ANGKASA (Angkatan Koperasi Kebangsaan Malaysia Berhad); low level of job transfers and resignations in the public sector; positive cashflow generating capacity throughout the tenure of the Murabahah Medi...

MARC has affirmed Shamelin Bina Sdn Bhd’s (“SBSB”) rating of RM100.0 million Murabahah Medium-Term Notes Issuance Facility (“MMTN”) at A-ID. The rating reflects Koperasi Shamelin Berhad’s (KSB) satisfactory asset quality arising from the collection arrangement with ANGKASA (Angkatan Koperasi Kebangsaan Malaysia Berhad); low level of job transfers and resignations in the public sector;...

MARC has assigned a rating of A-ID (A Minus, Islamic Debt) to Shamelin Bina Sdn Bhd’s (SBSB) Murabahah Medium-Term Notes Issuance Facility (MMTN) of up to RM100 million. The rating assigned to SBSB’s MMTN reflects the holding company’s, Koperasi Shamelin Berhad’s (KSB) satisfactory asset quality arising from the collection arrangement with ANGKASA (Angkatan Koperasi Kebangsaan Malaysia Ber...