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MARC has removed KNM Capital Sdn Bhd (KNM Capital) ratings of MARC-2ID /A-ID on its RM300 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) programme from MARCWatch Negative and withdrawn the ratings. The ratings withdrawal follows the full redemption of the facility on October 18, 2013 as confirmed by the facility agent. MARC will no longer provide anal...
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MARC has lowered its debt ratings on KNM Capital Sdn Bhd’s (KNM Capital) RM300 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) Programme to MARC-2ID/A-ID from MARC-1ID/A+ID. The ratings continue to be maintained on MARCWatch Negative. The rating action affects RM50 million of outstanding notes. KNM Capital is a wholly-owned funding vehicle of KNM...
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Today MARC placed its short term and long term debt ratings of MARC-1ID and A+ID ratings on the KNM Group Berhad (KNM Group or KNM) and KNM Capital Sdn Bhd (KNM Capital) on MARCWatch Negative to highlight event risk concerns arising from the winding up petition that was recently served on KNM Group's material subsidiary, KNM Process Systems Sdn Bhd (KNM Process). KNM Process is defined as a materi...
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MARC has affirmed its ratings on KNM Capital Sdn Bhd’s (KNMCap) RM300 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) at MARC-1ID/AA-ID. The outlook on the ratings is stable. KNMCap is a wholly-owned subsidiary and the funding conduit for KNM Group Berhad (KNM). The ratings reflect the group’s strong market position, well-diversified produc...
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MARC has affirmed its ratings on KNM Capital Sdn Bhd’s (KNMCap) RM300 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium-Term Notes (MUNIF/IMTN) at MARC-1ID/AA-ID. The outlook on the ratings is stable. KNMCap is a wholly-owned subsidiary of KNM Group Berhad (KNM) and serves as a funding conduit for the group. The ratings reflect KNM’s enhanced market position, ...
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MARC has issued this rating update in relation to KNM Group Bhd’s (KNM Group) announcement on a proposed rights issue and foreign currency exchangeable bonds issue which are earmarked for KNM Group’s potential future acquisitions and working capital. In addition to the above, MARC also notes a proposed bonus issue exercise. MARC is of the opinion that there is no immediate impact on th...
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MARC has upgraded KNM Capital Sdn Bhd’s (KNMC) long-term rating from A+ID to AA- ID, and reaffirmed its short-term rating at MARC-1ID with respect to KNMC’s RM300.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium-Term Notes (MUNIF/IMTN). The rating carries a stable outlook. KNMC is a wholly-owned subsidiary of KNM Group Berhad (KNM) and serves as the...
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MARC has assigned, with Positive Outlook, ratings of A+ID/MARC-1ID to KNM Capital Sdn Bhd’s (KNMC) proposed RM300.0 million Murabahah Underwritten Notes Issuance Facility / Islamic Medium-Term Notes (MUNIF/IMTN). KNMC is a wholly-owned subdisiary of KNM Group Berhad (KNM) and was created to serve as the centralised funding and treasury vehicle for the KNM group. The ratings are premised upon...
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