Press Releases - Category: Industrial Products
Displaying 1-10 of 354 results.
Friday, Sep 18, 2020
MARC has assigned a preliminary rating of AAAIS to Pengerang LNG (Two) Sdn Bhd’s (PLNG2) proposed Islamic Medium-Term Notes (IMTN) programme of up to RM3.0 billion. The rating outlook is stable. PLNG2 owns a regasification terminal, Regasification Terminal Pengerang (RGTP), through which natural gas is supplied to the Pengerang Integrated Complex (PIC). It has a regasification capacity of u...

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Thursday, Aug 13, 2020
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 reflect the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...

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Thursday, Jul 30, 2020
MARC has assigned a final rating of AA-IS to Malaysian Resources Corporation Berhad’s (MRCB) proposed Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. 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 t...

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Friday, Jul 24, 2020
MARC has assigned a final rating of AAAIS/MARC-1IS to Gas Malaysia Distribution Sdn Bhd’s proposed 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.The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not chang...

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Friday, Jun 19, 2020
MARC has assigned preliminary ratings of AAAIS/MARC-1IS to Gas Malaysia Distribution Sdn Bhd’s (GMD) proposed 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 is a wholly-owned subsidiary of Gas Malaysia Berhad and was established under a group-wide reorganisation that in...

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Monday, Jun 15, 2020
MARC has assigned a preliminary rating of AA-IS to Malaysian Resources Corporation Berhad’s (MRCB) proposed Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. The assigned rating incorporates MRCB’s established market position in property development, particularly in transit-oriented developments (TOD), that has benefitted from the support ...

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Thursday, Feb 20, 2020
MARC has assigned a final rating of AA-IS with a stable outlook to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme. Upon review of the final documentation for the programme, MARC is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of AA-IS was based.For full detai...

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Thursday, Jan 23, 2020
MARC has assigned a rating of AA-IS to TG Excellence Berhad’s proposed RM3.0 billion Perpetual Sukuk Wakalah Programme. TG Excellence Berhad is a special purpose wholly-owned subsidiary of Top Glove Corporation Bhd (Top Glove) to which MARC has concurrently assigned a corporate credit rating of AA. The ratings carry a stable outlook. Top Glove will provide a subordinated unconditional and ...

This article has been viewed 246 times.
Monday, Dec 23, 2019
MARC has withdrawn its ratings of MARC-1IS/AA-IS on Serba Dinamik Holdings Berhad’s RM1.5 billion multi-currency Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) programmes on early redemption. The ratings carried a stable outlook. The ratings withdrawal is at the request of the issuer, following early redemption of the outstanding under the programmes on December 19, 2019. ...

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Thursday, Oct 31, 2019
MARC has affirmed its MARC-1IS/AA-IS ratings on Serba Dinamik Holdings Berhad’s (Serba Dinamik) RM500 million multi-currency Islamic Commercial Papers Programme and RM1.5 billion Islamic Medium-Term Notes Programme (Sukuk Wakalah) with a combined limit of RM1.5 billion. The outlook on the ratings is stable. The stable outlook assumes that over the next quarter, the group will reduce its le...

This article has been viewed 282 times.