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MARC has affirmed its ratings of AAAID(S) on the respective Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDs) issuances of Optimal Glycols (Malaysia) Sdn Bhd (Glycols) and Optimal Chemicals (Malaysia) Sdn Bhd (Chemicals) with a stable outlook. The rating actions affect RM155 million of outstanding BaIDS issued by Glycols and RM185 million of outstanding BaIDS issued by Chemicals.The ratings hav...
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MARC has revised its ratings on OPTIMAL Glycols (Malaysia) Sdn Bhd’s (Glycols) and OPTIMAL Chemicals (Malaysia) Sdn Bhd’s (Chemicals) (jointly known as Glycols & Chemicals) RM453.0 million and RM567.0 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively to AAAID(s) from AA+ID(s) and at the same time removed the ratings from MARCWatch Positive where they were fi...
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MARC has placed its AA+ID(s) ratings on OPTIMAL Glycols (Malaysia) Sdn Bhd’s (Glycols) and OPTIMAL Chemicals (Malaysia) Sdn Bhd’s (Chemicals) RM453.0 million and RM567.0 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively on MARCWatch Positive. The rating action follows the signing agreement on August 17, 2009 for the sale of Union Carbide Corporation’s (UCC...
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MARC has lowered its ratings on Optimal Glycols (Malaysia) Sdn Bhd’s (Glycols) and Optimal Chemicals (Malaysia) Sdn Bhd’s (Chemicals) RM453.0 million and RM567.0 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively to AA+ID(s) from AAAID(s) and removed the ratings from MARCWatch Negative which was placed on January 2, 2009. Concurrently, the ratings outlook is revi...
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MARC has placed the AAAID(s) ratings on Optimal Glycols (Malaysia) Sdn Bhd (Glycols) and Optimal Chemicals (Malaysia) Sdn Bhd’s (Chemicals) RM453.0 million and RM567.0 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively on MARCWatch Negative. The rating action follows the Kuwaiti government's decision to pull out of a USD17.4 billion 50:50 petrochemicals joint venture with...
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MARC has reaffirmed the AAAID(s) ratings of Optimal Glycols (Malaysia) Sdn Bhd’s (‘Glycols’) and Optimal Chemicals (Malaysia) Sdn Bhd’s (‘Chemicals’) RM453 million and RM567 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively. The ratings carry stable outlook. The ratings assigned to the Glycols’ and Chemicals’ issues reflect credi...
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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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