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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Facility / Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) from MARCWatch Developing and concurrently has withdrawn the ratings.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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MARC continues to maintain 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) on MARCWatch Developing. The ratings have been placed on MARCWatch Developing since November 16, 2010 following EKIB's announcement that it will divest its core geosynthetic manufa...
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MARC has placed 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) on MARCWatch Developing. The MARCWatch placement follows EKIB's proposed divestment of its geosynthetic manufacturing business to Tencate Geosynthetics Asia Sdn Bhd,a subsidiary of Netherland...
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MARC has affirmed the ratings of geosynthetic manufacturer Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) at MARC-2ID/ AID. The rating outlook is revised to stable from developing. Since MARC’s review at end-August 2009, the rating agency’s concerns over the executio...
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MARC has affirmed the ratings of geosynthetic manufacturer, Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) at AID/MARC-2ID. At the same time, the rating outlook has been revised to developing from stable.The outlook revision is due to EKIB’s increased business risk exposur...
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MARC has reaffirmed its AID/MARC-2ID ratings on Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN). The outlook is Stable. The ratings reflect EKIB’s leading position in the domestic geosynthetic market and its enhanced operational efficiency and cost savings derived from pl...
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MARC has removed its AID /MARC-2ID ratings on Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) from MARCWatch Developing, placed since December 2007. This rating action follows EKIB’s announcement to Bursa Malaysia on 2 June 2008 that EKIB and vendors of Carimin Sdn ...
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MARC continues to maintain its AID /MARC-2ID ratings on Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) on MARCWatch Developing where they were placed since December 10, 2007. The rating action follows slower than anticipated progress on EKIB’s acquisition of a 51% ...
This article has been viewed 982 times.
MARC has placed its AID /MARC-2ID ratings on Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) on MARCWatch Developing. The action follows EKIB’s announcement on November 27, 2007 that the Company had entered into a conditional sale and purchase agreement to acq...
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MARC has affirmed the ratings of Emas Kiara Industries Bhd’s (EKIB) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium-Term Notes Issuance Facility (MUNIF/IMTN) at AID / MARC-2ID. The outlook is Stable. The ratings reflect a turnaround in the geosynthetic industry after weaker than expected operating performance in 2006. Additionally, the Group&rsquo...
This article has been viewed 952 times.