Displaying 91-100 of 379 results.
Friday, Nov 25, 2011
MARC AFFIRMS SHORT-TERM AND UPGRADES LONG-TERM RATINGS ON BOON KOON GROUP BERHAD’S ISLAMIC DEBT PROGRAMME
MARC has affirmed the short-term and upgraded the long-term ratings of Boon Koon Group Bhd’s (BKGB) RM100 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) programme to MARC-3ID/BBBID from MARC-3ID/BBB-ID respectively. The rating outlook is stable. The rating action affects RM45 million of outstanding notes issued under the programme. The upgrade in the long-term rating ...
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Tuesday, Oct 25, 2011
MARC has withdrawn its ratings of MARC-2ID/AID on Goodway Integrated Industries Berhad’s (Goodway) RM80 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) with immediate effect. The ratings withdrawal follows the redemption of the outstanding RM50.0 million under the rated facility on October 19, 2011 and concurrently the termination of the programme as confirme...
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Tuesday, Oct 11, 2011
MARC WITHDRAWS RATING ON ANTARA STEEL MILL SDN BHD’S RM500 MILLION BAI’ BITHAMAN AJIL ISLAMIC DEBT (BAIDS) FACILITY
MARC has withdrawn its AID rating on Antara Steel Mill Sdn Bhd’s (Antara) BaIDS with immediate effect following the early redemption of all outstanding amounts as confirmed by the facility agent, AmInvestment Bank Berhad. With the full redemption of its BaIDS, MARC’s analytical coverage on Antara is limited to its RM300 million Guaranteed Islamic Securities (GIS) programme. Contacts: A...
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Friday, Jul 22, 2011
MARC ASSIGNS A- RATING TO PRESS METAL BERHAD’S RM323.7 MILLION REDEEMABLE CONVERTIBLE SECURED LOAN STOCK WITH 147.2 MILLION DETACHABLE WARRANTS
MARC has assigned a rating of A- to Press Metal Berhad’s (Press Metal) RM323.7 million Redeemable Convertible Secured Loan Stocks (RCSLS) with 147.2 million detachable warrants (warrants). The outlook for the rating is stable. The rating incorporates the aluminium producer’s exposure to fluctuation in pricing and volume in domestic and export markets, particularly for its primary...
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Wednesday, Jun 22, 2011
MARC ASSIGNS AAAIS(FG) RATING TO ANTARA STEEL MILLS SDN BHD’S PROPOSED RM300 MILLION GIS; AFFIRMS AID RATING ON RM500 MILLION BAIDS
MARC has assigned a rating of AAAIS(fg) to Antara Steel Mill Sdn Bhd’s (Antara) RM300 million Guaranteed Islamic Securities (GIS) programme with a stable outlook. The RM300 million GIS programme is guaranteed by Danajamin Nasional Bhd (Danajamin). At the same time, MARC has affirmed its rating of AID on Antara’s existing RM500 million Bai’ Bithaman Ajil Islamic Debt Securities (B...
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Wednesday, May 25, 2011
MARC REMOVES MAXTRAL INDUSTRY BERHAD’S RATINGS FROM MARCWATCH NEGATIVE; DOWNGRADES TO BBB+ID AND MARC-3ID/BBB+ID
MARC has downgraded its ratings on Maxtral Industry Berhad's (Maxtral) RM80.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20.0 million Murabahah Underwritten Notes Issuance/Murabahah Medium Term Notes (MUNIF/MMTN) facilities to BBB+ID and MARC-3ID/BBB+ID from AID and MARC-2ID/AID respectively. Concurrently, the ratings have been removed from MARCWatch Negative wh...
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Thursday, May 12, 2011
MARC has removed its MARC-2ID/AID ratings on Emas Kiara Industries Berhad’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) from MARCWatch Developing and concurrently has withdrawn the ratings. EKIB’s ratings had been placed on MARCWatch since November 16, 2010 following its announced intention...
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Friday, Apr 08, 2011
MARC has downgraded its rating on Mithril Berhad’s (Mithril) RM70 million Redeemable Convertible Secured Loan Stock (RCSLS) to D from B following Mithril’s failure to make a RM1.25 million coupon payment on the RCSLS which fell due on April 5, 2011. This affects the outstanding RCSLS with nominal value of RM41.8 million. MARC had earlier maintained Mithril’s rating on negative ou...
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Friday, Mar 18, 2011
MARC has affirmed its ratings of AAAID(S) on the respective Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDs) issuances of Optimal Glycols (Malaysia) Sdn Bhd (Glycols) and Optimal Chemicals (Malaysia) Sdn Bhd (Chemicals) with a stable outlook. The rating actions affect RM155 million of outstanding BaIDS issued by Glycols and RM185 million of outstanding BaIDS issued by Chemicals.The ratings hav...
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Friday, Feb 25, 2011
MARC is maintaining its AID and MARC-2ID/AID ratings on Maxtral Industry Berhad's (Maxtral) RM80.0 million Al-Bai' Bithaman Ajil Islamic Debt Securities (BaIDS) and RM20.0 million Murabahah Underwritten Notes Issuance/Murabahah Medium Term Notes (MUNIF/MMTN), respectively on MARCWatch Negative. The rating actions affect RM40.0 million of outstanding BaIDS and RM20.0 million of notes issued under t...
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