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MARC has withdrawn its ratings of MARC-2ID/AID on Goodway Integrated Industries Berhad’s (Goodway) RM80 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes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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MARC has affirmed its ratings on Goodway Integrated Industries Bhd’s (Goodway) RM80.0 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) at MARC-2ID/AID. The rating outlook has been revised to stable from negative. The outlook revision takes into consideration the group’s demonstrated efforts to reduce its gearing levels to below the covenanted level of 1....
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MARC has affirmed its MARC-2ID/AID ratings on Goodway Integrated Industries Berhad’s (Goodway) RM80 million Murabahah Notes Issuance Programme/Islamic Medium Term Notes Programme (MUNIF/IMTN). The outlook on the ratings is maintained at negative. The affirmed ratings take into consideration Goodway’s competitive position as a major domestic producer of rubber compounds and leading prov...
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MARC has revised its outlook on the ratings on Goodway Integrated Industries Berhad’s (Goodway) RM80 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) of MARC-2ID/AID to negative from developing. The rating outlook revision takes into account Goodway’s gearing covenant breach and MARC’s expectation that the company's gearing would remain elevated in...
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MARC has affirmed its MARC-2ID/AID ratings on Goodway Integrated Industries Berhad’s (Goodway) RM80 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) programme and at the same time revised its outlook to developing from stable. The ratings reflect Goodway’s competitive positions as the largest domestic producer of rubber compounds and as a market leader i...
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MARC has affirmed the long and short-term ratings of Goodway Integrated Industries Berhad’s (Goodway) RM80 million Partially Underwritten Murabahah Notes Issuance Facility/ Islamic Medium-Term Notes Programme, at AID/Marc-2ID. The factors supporting the ratings affirmation include its improving profitability, the company’s market position as one of the leading domestic manufacturers an...
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MARC has downgraded the long-term rating of Goodway Integrated Industries Berhad’s (Goodway) RM80 million Partially Underwritten Murabahah Notes Issuance Facility / Islamic Medium Term Notes Programme, from a rating of A+ID to AID. The short term rating however is reaffirmed at Marc-2ID. The downgrade reflects the risks associated with the company’s proposed venture into the manufactur...
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