Press Releases - Category: Industrial Products
Displaying 361-370 of 387 results.
Friday, Aug 06, 2004
Malaysian Rating Corporation Berhad (MARC) has affirmed the rating of Petronas Fertilizer (Kedah) Sdn Bhd’s (PFK) RM750 million BaIDS facility at AAA (s)ID. The affirmation reflects the strength of the support provided by the holding company, Petroliam Nasional Berhad (PETRONAS) in ensuring timely and full redemption of the BaIDS. PFK, a wholly-owned subsidiary of PETRONAS, benefits from PETRON...

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Monday, Jul 19, 2004
MARC has lifted the MARC Watch (with a negative outlook) placed on MNI’s RM923 million Bai’ Bi Al-Taqsit Nominal Value Fixed Rate Serial Bonds Programme (Islamic Bonds) following the successful completion of MNI’s Bond Restructuring Exercise on 11 June 2004 and compliance on reinstatement of the Standby Credit facility as at 30 June 2004. The approved restructuring entails a 3-year repayment...

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Thursday, Jul 15, 2004
MARC has assigned short and long-term ratings of MARC-2ID and A-ID (A minus, Islamic Debt) to Paradym Resources Industries Sdn Bhd (PRI)’s Islamic Commercial Paper/Medium-Term Note Issuance Programme (CP/MTN Programme), reflecting PRI’s position as a reputable manufacturer of superior quality copper products; moderated by PRI’s relatively high debt leverage coupled with the industry’s fair...

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Tuesday, Jun 15, 2004
The ratings reflect KNM Group Berhad’s (KNM) competitive position as one of the largest domestic manufacturer of process equipments and its steady revenue growth. The ratings, however, are moderated by the company’s high working capital requirements due to the nature of its projects. KNM is an investment holding company with subsidiaries principally involved in the design, manufacture and fabr...

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Tuesday, Jun 08, 2004
The affirmation of ABI Malaysia Sdn Bhd’s (ABI) rating reflects its leading position in the manufacture of automotive batteries in Malaysia; existing and new manufacturing contracts which ensure sustainable demand for its batteries; and the company’s improving financial profile. The rating, however, is moderated by the company’s tight cash flow position. ABI is involved in the production and...

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Tuesday, Jun 08, 2004
MARC has assigned a rating of A+ID (A plus, Islamic Debt) to Ingress Sukuk Berhad’s (ISB) proposed RM160.0 million Sukuk Al Ijarah Issuance. ISB was incorporated by its holding company, Ingress Corporation Berhad (Ingress), as a special purpose vehicle to facilitate the execution of the sale and leaseback of Ingress’ identified assets for the Sukuk Al Ijara Issuance. The assigned rating reflec...

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Wednesday, Apr 07, 2004
MARC has assigned the ratings of AID(bg) To Negeri Sembilan Cement Industries Sdn Bhd’s RM200.0 million Bai’ Bithaman Ajil Islamic Bonds (BaIDS) and MARC-2/BBB+ID to its RM130.0 million Murabahah Notes Issuance Facility (MUNIF). The rating assigned to the proposed BaIDS is reflective of the strength of irrevocable unconditional guarantees provided by a consortium of banks evaluated using the w...

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Wednesday, Mar 24, 2004
MARC has received confirmation from SAJ Holdings Sdn Bhd that its RM680 million BaIDS) has been fully redeemed. As such, MARC no longer has any rating obligation on the Facility and the AID rating is hereby withdrawn....

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Tuesday, Mar 16, 2004
The ratings assigned are underpinned by Pesaka Astana (M) Sdn Bhd’s (PASB) competitive position as the leading assembler and provider of customized heavy-duty and specialized vehicles for the Ministry of Defence (MINDEF) and Fire and Rescue Department (BOMBA); the tight issue structure; and the company’s continued improvement in its profitability measures. These factors are however somewhat of...

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Thursday, Mar 04, 2004
MARC has assigned rating of A- (A Minus) to Malaysian AE Models Holdings Berhad (MAE)’s Fixed Rate Serial Bonds (Bonds) of up to RM80 million nominal value. The rating assigned to MAE’s Bonds reflects MAE’s competitive position and technical competency in the industry. These factors are moderated by MAE’s exposure to adverse economic factors locally as well as regionally.MAE was incorporat...

This article has been viewed 917 times.