Displaying 1-8 of 8 results.
MARC has removed its A+ID and MARC-1ID ratings on KNM Group Berhad’s (KNM Group) RM1.1 billion Islamic Medium Term Notes (IMTN) programme and RM400 million Islamic Commercial Papers (ICP) programme (collectively referred to as the Sukuk programme) from MARCWatch Negative and withdrawn the ratings. This action follows the lapse of the Securities Commission’s approval to extend the propo...
This article has been viewed 1284 times.
MARC has affirmed the short-term and long-term ratings at MARC-1ID and A+ID and revised the outlook of the ratings to negative from developing for the following rated programmes/issuers:RM300.0 million Murabahah Underwritten Notes Issuance Facility (MUNIF)/Islamic Medium Term Notes (IMTN) Programme of KNM Capital Sdn Bhd (KNM Capital);RM400.0 million Islamic Commercial Paper (ICP) Programme of KNM...
This article has been viewed 1395 times.
MARC has downgraded the long-term ratings to A+ID from AA-ID, and revised the outlook of the ratings to developing from stable and concurrently affirms the short-term ratings at MARC-1ID for the following rated programmes/issuers:RM300.0 million Murabahah Underwritten Notes Issuance Facility (MUNIF)/Islamic Medium Term Notes (IMTN) Programme of KNM Capital Sdn Bhd (KNM Capital); andRM400.0 mi...
This article has been viewed 1422 times.
MARC has assigned ratings of MARC-1ID and AA-ID on KNM Group Bhd’s (KNM) up to RM400 million Islamic Commercial Paper Programme (ICP Programme) and up to RM1.1 billion Islamic Medium Term Note Programme (IMTN Programme) respectively. The outlook on the long-term rating is stable. KNM’s ratings reflect the group’s strong market position, well-diversified product offerings and geog...
This article has been viewed 1247 times.
MARC wishes to inform that we have withdrawn the rating of the abovementioned RM150.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium-Term Notes (MUNIF/IMTN) by KNM Group Berhad (the Issuer), upon confirmation by Amanah Short Deposits Berhad as the Facility Agent that the Issuer has fully redeemed the outstanding amount of the facility....
This article has been viewed 988 times.
MARC has reaffirmed, with Positive Outlook, the ratings of A+ID/MARC-1ID on KNM Group Bhd’s (KNM) RM150.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium-Term Notes (MUNIF/IMTN). The ratings are premised upon KNM’s strong competitive position as one the largest manufacturer of process equipment in the region; growing international exposure, access to high techni...
This article has been viewed 1114 times.
The short term rating for KNM Group Berhad’s (KNM) RM150 Million Murabahah Underwritten Notes Issuance Facility (MUNIF) / Islamic Medium-Term Notes (IMTN) has been upgraded to MARC-1ID whilst its long-term rating has been affirmed at A+ID. The ratings reflect the group’s increasing order book underpinned by strong demand for process equipment in the oil and gas industry; the group’s increase...
This article has been viewed 1105 times.
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...
This article has been viewed 1060 times.