Press Releases - Category: Industrial Products
Displaying 1-10 of 387 results.
Wednesday, Mar 06, 2024
MARC Ratings has lowered its rating on TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme to AIS(cg) from A+IS(cg). TG Excellence is a wholly-owned funding vehicle of Top Glove Corporation Bhd which has provided an irrevocable and unconditional guarantee on the perpetual sukuk programme. The rating action follows the downgrade of Top Glove’s corporate credit rating to AA- f...

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Tuesday, Nov 28, 2023
MARC Ratings has affirmed its AAAIS(bg)  rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Bank Pembangunan Malaysia Berhad–guaranteed Sukuk Ijarah Programme with a stable outlook. On a standalone basis, Masteel’s credit profile incorporates its longstanding track record in the domestic production of steel billets and steel bars, its moderate domestic market posit...

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Wednesday, Nov 08, 2023
MARC Ratings has affirmed its rating on Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme at AA-IS. Concurrently, the rating outlook has been revised to positive from stable. The outlook revision reflects Evyap Malaysia’s ability to maintain healthy operating performance, underpinned by strong cash flow metrics. Its vertically integrated oleochemical ...

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Wednesday, Nov 08, 2023
MARC Ratings has affirmed its ratings of AAIS /AA on funding vehicle OSK Rated Bond Sdn Bhd’s Sukuk Murabahah/Multi-Currency Medium-Term Notes (Sukuk/MCMTN) Programmes with a combined limit of up to RM2.0 billion. The ratings outlook is stable. The ratings apply only to ringgit-denominated sukuk/notes under the programmes. The programmes carry an unconditional and irrevocable guarantee from OSK ...

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Tuesday, Sep 19, 2023
MARC Ratings 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 established track record in property development with a focus on transit-oriented developments (TOD) and its strong position in the domestic construction sector with sizeable infrastructure contra...

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Wednesday, Sep 13, 2023
MARC Ratings has affirmed its rating of AAAIS on Pengerang LNG (Two) Sdn Bhd’s (PLNG2) Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion. The rating outlook is stable.The rating affirmation incorporates the sizeable and predictable revenue from PLNG2’s regasification services. Under the Incentive-Based Regulation framework, PLNG2’s annual revenue requirement (ARR) is set by t...

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Monday, Jul 03, 2023
MARC Ratings has downgraded its rating on TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme to A+IS(cg) from AA-IS(cg). TG Excellence is a wholly-owned funding vehicle of Top Glove Corporation Bhd whose corporate credit rating was concurrently lowered to AA from AA+. Top Glove has provided an irrevocable and unconditional guarantee on the perpetual sukuk. The ratings outlook...

This article has been viewed 497 times.
Wednesday, May 17, 2023
MARC Ratings 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 outstanding under the programmes stood at RM241.0 million as at end-April 2023. The ratings outlook is stable.GMD is the sole owner of the natural gas distributi...

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Tuesday, Mar 07, 2023
MARC Ratings has revised the outlook on Top Glove Corporation Bhd’s corporate credit rating to negative from stable on concerns that the impact from the continued tough global market conditions for glove manufacturers will weigh on the group’s performance. Concurrently, the rating outlook on the RM3.0 billion Perpetual Sukuk Wakalah Programme of Top Glove’s wholly-owned funding vehicle TG Ex...

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Friday, Dec 16, 2022
MARC Ratings has assigned a "Gold" Impact Assessment to Evergreen Corporate Sdn Bhd’s (Evergreen) Sustainable Finance Framework (the Framework). The Framework incorporates green, social and sustainability projects falling under five categories: pollution prevention and control, renewable energy, environmentally sustainable management of living natural resources and land use, green buildings and ...

This article has been viewed 369 times.