Press Releases - Category: Industrial Products
Displaying 1-10 of 365 results.
Thursday, Sep 23, 2021
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd's (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook.The affirmed rating and outlook are based on the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided an unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...

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Friday, Aug 27, 2021
MARC has extended its MARCWatch Negative placement on Serba Dinamik Holdings Berhad’s (Serba Dinamik) RM1.5 billion Islamic Medium-Term Notes (IMTN) Programme and RM500.0 million multi-currency Islamic Commercial Papers (ICP) Programme with a combined limit of RM1.5 billion. The placement, since May 31, 2021, reflects our ongoing concerns on the issues raised on Serba Dinamik’s audited account...

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Wednesday, Aug 11, 2021
MARC has affirmed its AAAIS /MARC-1IS ratings on Gas Malaysia Distribution Sdn Bhd’s (GMD) Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The ratings outlook is stable. GMD’s stable revenue generation from distributing natural gas in Peninsular Malaysia through the natural gas distribution system (NGDS...

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Monday, Jul 26, 2021
MARC has affirmed its AA-IS rating on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. MRCB’s well-established market position in property development with a focus on transit-oriented developments (TOD), and in the construction sector in which it maintains a sizeable order book remains a key...

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Monday, May 31, 2021
MARC has placed its ratings of MARC-1IS /A+IS on Serba Dinamik Holdings Berhad’s (Serba Dinamik) RM500.0 million multi-currency Islamic Commercial Papers Programme and RM1.5 billion Islamic Medium-Term Notes Programme with a combined limit of RM1.5 billion on MARCWatch Negative. The ratings were assigned on May 11, 2021.The MARCWatch placement arose from issues pertaining to the group’s annual...

This article has been viewed 176 times.
Tuesday, May 11, 2021
MARC has assigned ratings of MARC-1IS/A+IS to Serba Dinamik Holdings Berhad’s (Serba Dinamik) RM500.0 million multi-currency Islamic Commerical Papers Programme and RM1.5 billion Islamic Medium-Term Notes Programme with a combined limit of RM1.5 billion. The ratings outlook is stable. MARC had previously rated the same programmes; following an early redemption of the outstanding and at the issue...

This article has been viewed 176 times.
Tuesday, Feb 09, 2021
MARC has upgraded Top Glove Corporation Bhd’s (Top Glove) corporate credit rating to AA+ from AA and concurrently affirmed its rating of AA-IS(CG) on special purpose vehicle TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme. Top Glove, which owns 100% of TG Excellence, has provided a subordinated unconditional and irrevocable corporate guarantee on the perpetual sukuk. The...

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Friday, Nov 20, 2020
MARC has assigned a final rating of AA-IS with a stable outlook to Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) proposed RM500.0 million Sukuk Wakalah Programme. 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 rating was based....

This article has been viewed 194 times.
Monday, Nov 16, 2020
MARC has assigned final ratings of AAIS / AA to special purpose vehicle OSK Rated Bond Sdn Bhd’s (OSKRB) proposed Sukuk Murabahah/Multi-Currency Medium-Term Notes Programme (Sukuk/MCMTN) with a combined limit of up to RM2.0 billion. The ratings outlook is stable. The assigned ratings apply to ringgit-denominated sukuk/notes issued under the programme.The rating agency has reviewed the final docu...

This article has been viewed 224 times.
Friday, Oct 30, 2020
MARC has assigned a preliminary rating of AA-IS to Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) proposed RM500.0 million Sukuk Wakalah Programme with a stable outlook. Evyap Malaysia is a subsidiary of Turkey-based Evyap Group, a longstanding and a well-established personal care product manufacturer with a strong market presence in Turkey and Eastern Europe. It owns and operates a vertic...

This article has been viewed 186 times.