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MARC has withdrawn its MARC-2ID/AID ratings on EP Manufacturing Bhd’s (EPMB) RM120 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) Programme with immediate effect. The ratings withdrawal follows the redemption of the outstanding RM10 million notes under the rated facility on June 8, 2012 and subsequently the early cancellation of the facility on ...
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MARC said today that there is no immediate rating impact on EP Manufacturing Bhd’s (EPMB) Islamic debt ratings of MARC-2ID and AID from its proposed acquisition of Maju Expressway Sdn Bhd (MESB) for a total consideration of RM1.7 billion. EPMB has RM10.0 million of notes outstanding issued under its RM120.0 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) prog...
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MARC has affirmed its short-term and long-term ratings of MARC-2ID/AID on EP Manufacturing Berhad's (EPMB) RM120 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) Programme with a stable outlook. The rating action affects RM10 million of notes outstanding under the programme.The affirmed ratings reflect the group’s strong domestic market position as leading Tie...
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MARC has withdrawn the MARC-2ID/AID ratings on EP Manufacturing Berhad's (EPMB) RM150.0 million Murabahah Underwritten Notes Issuance/Islamic Medium Term Notes (MUNIF/IMTN) facilities with immediate effect following the full redemption and cancellation of the programme as confirmed by the facility agent, MIDF Amanah Investment Bank Berhad.MARC’s rating coverage on EPMB is now limited to its ...
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MARC has affirmed its MARC-2ID/AID ratings on EP Manufacturing Berhad's (EPMB) RM150.0 million Murabahah Notes Issuance/Islamic Medium Term Notes (MUNIF/IMTN) facilities and RM120.0 million MUNIF/IMTN facilities. At the same time, the outlook on the ratings has been revised to stable from negative. The rating action affects RM8.0 million of outstanding notes issued under the RM150.0 million MUNIF/...
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MARC has affirmed the short-term and long-term ratings of automotive part manufacturer, EP Manufacturing Berhad’s (EPMB) Murabahah Notes Issuance Facilities/Islamic Medium Term Notes (MUNIF/IMTN) of up to RM150.0 million and RM120.0 million at MARC-2ID/AID. The ratings carry a negative outlook. The affirmed ratings reflect EPMB’s dependence on the cyclical domestic automotive sector, i...
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MARC has affirmed the short-term and long-term ratings of automotive parts manufacturer, EP Manufacturing Berhad’s (EPMB) of up to RM150 million and RM120 million Murabahah Notes Issuance Facilities/Islamic Medium-Term Notes (MUNIF/IMTN) at MARC-2ID/AID. The affirmed ratings recognise EPMB’s defensible market position in the domestic auto-parts sector but high reliance on national carm...
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MARC has affirmed its MARC-2ID/AID ratings of EP Manufacturing Berhad’s (“EPMB” or “the Group”) Murabahah Notes Issuance Facility/ Islamic Medium-Term Notes Facility of up to RM150 million and up to RM120 million. The ratings outlook is developing. The affirmed ratings reflects EPMB’s recent positive earnings trends and increased likelihood that it will be able ...
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MARC has removed EP Manufacturing Bhd’s (EPMB) ratings of MARC-2ID /AID in respect of its RM150 million Murabahah Notes Issuance Facility (MUNIF)/Islamic Medium Term Notes (IMTN) and RM120 million MUNIF/IMTN from MARCWatch Negative, where they had been placed since July 19, 2007. EPMB manufactures and supplies automotive products to both the original and replacement markets. It is a tier-one...
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MARC has revised EP Manufacturing Berhad’s (“EPMB”) MARCWatch status, placing its short-term and long-term ratings of MARC-2ID and AID in respect of its RM150 million Murabahah Notes Issuance Facility (MUNIF)/Islamic Medium Term Notes (IMTN) and RM120 million MUNIF/IMTN respectively to MARCWatch Negative. The short term rating was originally placed on MARCWatch Developing in Janu...
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