Displaying 11-20 of 858 results.
MARC Ratings has affirmed its AA-IS rating on Cerah Sama Sdn Bhd’s RM420.0 million Sukuk with a stable outlook. The outstanding currently stands at RM300.0 million. The rating continues to reflect the resilient traffic performance of the mature Cheras-Kajang Highway and its stable cash flow generation. Cerah Sama’s strong liquidity position and accommodative sukuk repayment structure are ...
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MARC Ratings has assigned preliminary ratings of MARC-1IS/AA-IS to Malakoff Power Berhad’s (MPower) proposed Islamic Commercial Papers / Islamic Medium-Term Notes (ICP/IMTN) programmes of up to RM1.2 billion with a stable outlook. Concurrently, the rating agency has also affirmed its AA-IS rating on MPower’s outstanding RM2.09 billion Sukuk Murabahah with a stable outlook.MPower, a wholly-owne...
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MARC Ratings has affirmed its AA-IS rating on Tanjung Bin O&M Berhad’s outstanding RM165.0 million Sukuk Wakalah with a stable outlook.The rating reflects the credit strength of Tanjung Bin O&M’s parent, Malakoff Power Berhad (MPower) (AA-IS /Stable), which has provided an unconditional and irrevocable undertaking to top up any shortfall in the finance service reserve account for the S...
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MARC Ratings has affirmed its AAAIS rating on TNB Power Generation Sdn Bhd’s (TPGSB) Sukuk Wakalah Programme of up to RM10.0 billion with a stable outlook.TPGSB is a wholly-owned energy generation arm of Tenaga Nasional Berhad (TNB). It owns and operates 12 power plants and manages three power plants belonging to TNB with a total generation capacity of 15,676MW as at end-September 2023. TPGSB’...
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MARC Ratings has assigned a preliminary rating of A-IS to Yinson Holdings Berhad’s RM1.0 billion Subordinated Perpetual Islamic Notes Programme (perpetual sukuk). Concurrently, the rating agency has affirmed the existing A+IS rating on the group’s RM1.0 billion Islamic Medium-Term Notes (IMTN) Programme (senior sukuk). The two-notch rating differential between Yinson’s perpetual sukuk ...
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MARC Ratings has affirmed its MARC-1IS/AAAIS ratings on PETRONAS Dagangan Berhad’s (PDB) RM10.0 billion nominal value Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme. The ratings outlook is stable. The affirmed ratings reflect PDB’s well-established track record and its very strong market position in the domestic retailing and marketing of petroleu...
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MARC Ratings has affirmed its ratings of MARC-1IS /AAIS on Cellco Capital Berhad’s (Cellco) RM520 million Issue 1 issued under its Islamic Commercial Papers/Islamic Medium-Term Notes Programme (Sukuk Ijarah) with a combined limit of up to RM1.0 billion. The ratings outlook is stable. Cellco is a funding vehicle for its parent, Stealth Solutions Sdn Bhd, an independent tower company. I...
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MARC Ratings has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. TTM SPV is the funding vehicle of Trans Thai-Malaysia (Thailand) Limited (TTMT) for the construction of two gas pipelines to transport natural gas from the Malaysia-Thailand Joint Development Area (JDA) in the Gulf of Thailand to the industrial city of Rayong in Thail...
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MARC Ratings has assigned a corporate credit rating of AA- to Orkim Sdn Bhd with a stable outlook. The rating reflects Orkim’s leadership position as the largest domestic vessel owner with 16 clean petroleum product (CPP) tankers and two liquified petroleum gas tankers, with an estimated 17% market share by fleet size as of June 2023. The rating considers its long track record of steady ope...
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MARC Ratings has affirmed its AAAIS rating on Amanat Lebuhraya Rakyat Berhad’s (ALR) RM5.5 billion sukuk programme, with a stable outlook. The rating reflects the strong cash flow generation capacity of ALR’s portfolio of matured highways in the Klang Valley, its strong debt service ability, and the low capital requirement for operations and maintenance (O&M) of the highways. A no-div...
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