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MARC has withdrawn its AAAID rating assigned to Optimal Olefins (Malaysia) Sdn Bhd’s (Olefins) RM250 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) with immediate effect. The rating withdrawal follows the early redemption of BaIDS by Olefins on September 11, 2009 and confirmation by Joint Lead Arrangers (Maybank Investment Bank Berhad and HSBC Bank Malaysia Berhad) that the BaI...
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MARC has affirmed its AAAID ratings on Optimal Olefins (Malaysia) Sdn Bhd’s (Olefins) RM250.0 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The rating outlook is stable. The rating reflects Olefins’ ownership by Petroliam Nasional Berhad (Petronas) and The Dow Chemical Company (Dow) through its wholly-owned subsidiary, its secured feedstock source with favourable price ...
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MARC has reaffirmed its AAAID ratings on Optimal Olefins (Malaysia) Sdn Bhd’s (‘Olefins’) RM250 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The rating outlook is stable. The rating reflects Olefins’ strong ownership structure, its secured feedstock source and favourable feedstock price structure from Petroliam Nasional Berhad (‘Petronas’) until...
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MARC has reaffirmed the rating of AAAID to Optimal Olefins (Malaysia) Sdn Bhd’s (‘Olefins’) debt issuance and AAAID(s) to Optimal Glycols (Malaysia) Sdn Bhd (‘Glycols’) and Optimal Chemicals (Malaysia) Sdn Bhd’s (‘Chemicals’) (both Glycols and Chemicals referred to as ‘G&C’) debt issuances respectively. The ratings continue to reflect...
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