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MARC has withdrawn its MARC-2/ A ratings on Priceworth Wood Products Berhad’s RM160 million Commercial Papers/ Medium-Term Notes Programme (Facility) with immediate effect, following confirmation from the facility agent, RHB Investment Bank Berhad, of an early cancellation of the Facility on April 10, 2009, ahead of its original maturity date on May 11, 2012.Contacts: Hafizan Haron, 03-2090 ...
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MARC has affirmed its short- and long-term debt ratings of MARC-2 and A respectively on Priceworth Wood Products Berhad’s (Priceworth) RM160.0 million Commercial Papers/ Medium Term Notes Programme (CP/MTN). The affirmed ratings continue to reflect the integrated timber operator’s strong operating track record, a balanced export and domestic revenue base and diversified product lines, ...
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MARC has reaffirmed Priceworth Wood Products Berhad’s (“Priceworth” or the “Group”) RM160 million Commercial Papers/Medium-Term Notes ratings of MARC-2 and A respectively. The ratings carry a Developing Outlook. MARC views Priceworth’s vulnerability to cyclical developments affecting the timber/wood-based industry and share repurchases as a moderating factor to ...
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MARC has affirmed Priceworth Wood Products Berhad’s (Priceworth) short and long term ratings of MARC-2/A respectively on its RM160.0 million Commercial Papers/Medium-Term Notes; reflecting the Group’s improving financials underpinned by growing timber extraction activity/contracting services coupled with expansion of its manufacturing facilities and better outlook of timber prices. The Groupâ...
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MARC has received confirmation from Abrar Discount Berhad as the facility agent for Priceworth Wood Products Berhad’s RM60 million MONI facility that the facility has been fully redeemed and cancelled and all agreements related to the facility has been terminated accordingly. As such, MARC no longer has any rating obligation on the facility and the AID / MARC-2 ID rating is hereby withdrawn....
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The rating reflects Priceworth Wood Products Berhad (Priceworth) Group’s improving financials underpinned by growing timber extraction activity/contracting services coupled with high operational integration pertaining to its manufacturing activities. The Group’s vulnerability to cyclical developments affecting the timber/wood-based industry remains a moderating factor to the rating.Promoted t...
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The rating upgrade to AID / MARC-2 ID reflects Priceworth Wood Products Berhad (Priceworth) Group’s improving financials underpinned by growing timber extraction activity/contracting services coupled with high operational integration pertaining to its manufacturing activities. The Group’s vulnerability to cyclical developments affecting the timber/wood-based industry remains a moderating fact...
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MARC has assigned long term and short term ratings of A- ID (Single A minus Islamic Debt) and MARC-2 ID respectively on Priceworth Wood Products Berhad’s (PWP) proposed RM60 million Murabahah Multi-Option Notes Issuance Facility. The rating mainly reflects the PWP Group’s high operational integration and expanding activities into palm oil plantations, and the fairly stringent requirements...
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