Following our announcement dated 29 December 2006, we have placed the ratings of EPMB’s RM150 million Murabahah Notes Issuance Facility (MUNIF) and RM120 million MUNIF, both rated at MARC-2ID, on MARCWatch with developing outlook. This is pursuant to Abrar Discount Berhad (Abrar)’s announcement on Bank Negara Malaysia (BNM)’s instruction to Abrar to cease operations.MARC was made...

The ratings of MARC-2ID/AID with negative outlook assigned to EP Manufacturing Berhad’s (EPMB) proposed issuance of Murabahah Notes Issuance Facility/Islamic Medium-Term Notes Facility (MUNIF/IMTN) with nominal value of up to RM120.0 million, reflect the Group’s position as a Tier-1 parts vendor for the national carmaker, PROTON Holdings Berhad (PROTON) and Perusahaan Otomobil Kedua Sd...

MARC has affirmed EP Manufacturing Berhad’s (EPMB) short and long term ratings of MARC-2ID/AID respectively on its RM150.0 million MUNIF/IMTN; reflecting the Group’s position as a Tier-1 parts vendor for the national carmaker, Proton Holdings Berhad (Proton) and Perusahaan Otomobil Kedua Sdn Bhd (Perodua), via its subsidiary; PEPS-JV (M) Sdn Bhd (PEPS-JV). Moderating factors include it...

The affirmation of EP Manufacturing Bhd’s (EPMB) short-term/long-term ratings of MARC-2ID/AID on its RM150 million Islamic MUNIF/IMTN mainly reflects the Group’s position as a Tier-1 parts vendor for the national carmaker, Proton, via its subsidiary; Peps-JV. Moderating factors, however, include its heavy dependence on the sales performance of national cars (i.e. Proton and Perodua) and the in...

MARC has assigned the ratings of MARC-2ID/AID to EP Manufacturing Bhd’s (EPMB) proposed RM150.0 million private debt securities (PDS). The ratings reflects the Group’s position as a Tier-1 parts vendor for the national carmaker, PROTON, via its subsidiary; PEPS-JV (M) Sdn Bhd (PEPS-JV). Moderating factors include the inherent risks of the automotive industry as well as its dependence on the sa...