MARC has received confirmation from SAJ Holdings Sdn Bhd that its RM680 million BaIDS) has been fully redeemed. As such, MARC no longer has any rating obligation on the Facility and the AID rating is hereby withdrawn....

MARC has assigned an Islamic corporate debt rating of MARC-2ID (Islamic Debt) to PEPS-JV (M) Sdn Bhd’s (PEPS) RM40 million Murabahah Underwritten Notes Issuance Facility (MUNIF). The rating reflects PEPS position as one of the tier-1 vendors for the national car manufacturers, Proton and Perodua, a tight underlying bond issue structure and moderate proforma debt leverage upon the finalizatio...