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MARC has withdrawn the AA- ID(bg) rating assigned to Negeri Sembilan Cement Industries Sdn Bhd’s (NSCI) RM200 million Bai’ Bithaman Ajil Islamic Debts (BaIDS) and the MARC-2ID/A- ID ratings of its RM130 million Murabahah Notes Issuance/Medium-Term Notes Facility (MUNIF/MTN) with immediate effect, following NSCI’s full redemption of its BaIDS and MUNIF/MTN obligations on 5 May 200...
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The rating of Negeri Sembilan Cement Industries Sdn Bhd’s (“NSCI”) RM200 million Bai’ Bithaman Ajil Islamic Debts (“BaIDS”) has been affirmed at AA- ID (bg) whilst the ratings of its RM130 million Murabahah Notes Issuance Facility (“MUNIF”) have been reaffirmed at A- ID/ MARC-2 ID. The affirmation of the bank guaranteed BaIDS reflects use of the &ldq...
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MARC has upgraded the rating of Negeri Sembilan Cement Industries Sdn. Bhd.’s (“NSCI”) BaIDS to AA-ID(bg), reflecting the strength of the guarantor banks; Bumiputra Commerce Bank Berhad (AA) and AmMerchant Bank Bhd. which has been recently upgraded from A+ to AA-. Our reaffirmation of MARC-2ID/A-ID accorded for NSCI’s MUNIF reflects its financial profile which continues to ...
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The reaffirmation of Negeri Sembilan Cement Industries Sdn Bhd’s (NSCI) RM200 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS) rating at A+ID(bg) reflects the security provided by AmMerchant and Bumiputra-Commerce Banks’ respective Bank Guarantees; whilst the reaffirmation of the rating MARC-2 ID /A-ID accorded for NSCI’s RM130 million Murabahah Notes Issuance Facilities (MUNIF) ref...
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MARC has upgraded the ratings of Negeri Sembilan Cement Industries Sdn Bhd’s (NSCI) RM200.0 million Bai’ Bithaman Ajil Islamic Bonds (BaIDS) to A+ID(bg) (A Plus, Islamic Debt, Bank Guaranteed) and the long-term rating of its RM130.0 million Murabahah Notes Issuance Facility (MUNIF) to A-ID (A Minus, Islamic Debt), while the short-term rating of the MUNIF was affirmed at MARC-2ID. The upgrade o...
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MARC has assigned the ratings of AID(bg) To Negeri Sembilan Cement Industries Sdn Bhd’s RM200.0 million Bai’ Bithaman Ajil Islamic Bonds (BaIDS) and MARC-2/BBB+ID to its RM130.0 million Murabahah Notes Issuance Facility (MUNIF). The rating assigned to the proposed BaIDS is reflective of the strength of irrevocable unconditional guarantees provided by a consortium of banks evaluated using the w...
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