Displaying 541-550 of 860 results.
MARC has affirmed its sukuk ratings of AA+IS on Westports Malaysia Sdn Bhd’s (Westports) Sukuk Musyarakah (Sukuk) Programme of up to RM2.0 billion and Sukuk Musyarakah Medium Term Notes (MTN) Programme of up to RM800 million. The rating outlook for both issues is stable. The affirmed ratings incorporate Westports’ strategic location and strong operational track record...
This article has been viewed 1470 times.
MARC has affirmed its rating on Kapar Energy Ventures Sdn Bhd’s (KEV) RM3,402.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AA+ID with a stable outlook. The affirmed rating takes into account the recent improvement in KEV’s operating and financial performance, as well as the rating agency’s expectation of a very high probability of parental support from Te...
This article has been viewed 1473 times.
MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and the utility's Islamic debt ratings at AAAID for the following outstanding issues: i) RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility; and ii) RM2.0 billion Al-Bai’ Bithaman Ajil Bonds. The outlook is stable. The affirmed ratings continue to incorporate support uplift for TNB's obligations, deriv...
This article has been viewed 1356 times.
MARC affirms its rating on Gas Malaysia Berhad’s (Gas Malaysia) RM500 million Al-Murabahah Medium Term Notes (MTN) Programme at AAAID with a stable outlook. Currently, there are no outstanding notes issued under the programme.The affirmed rating reflects Gas Malaysia’s satisfactory business risk profile owing to its strong market position as the sole natural gas distributor in Peninsul...
This article has been viewed 1171 times.
MARC has withdrawn its MARC-4/BB+ ratings on RUN Holding SPV Bhd’s (RUNH) RM500.0 million Commercial Papers/Medium Term Notes (CP/MTN) Programme with immediate effect. The ratings withdrawal follows the full redemption of outstanding RM120 million on November 25, 2011 and cancellation of the facility, as confirmed by the security agent, UOB (Malaysia) Berhad. Contacts: David Lee, +603-2082 2...
This article has been viewed 908 times.
MARC has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. TTM SPV is a funding vehicle of Trans-Thai Malaysia (Thailand) Ltd (TTMT), a 50:50 joint-venture between Petroliam Nasional Berhad (PETRONAS) and Thailand's PTT Public Company Ltd (PTT). TTM SPV was incorporated to raise funding for the construction of two gas pipelines t...
This article has been viewed 1258 times.
MARC has withdrawn its MARC-3ID/BBBID ratings on Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS or Issuer) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme (BBA CP/MTN) at the request of the Issuer. The ratings withdrawal affects RM2.125 billion of outstanding MTN issued under the aforementioned programme. SYABAS’ ratings were last downgraded on April 6, 2...
This article has been viewed 1093 times.
MARC has withdrawn its MARC-3ID/BBB-ID ratings on Syarikat Pengeluar Air Sungai Selangor Sdn Bhd’s (SPLASH) RM435 million Islamic Notes Issuance Master Programme (Notes) comprising RM50 million Murabahah Commercial Papers and RM385 million Murabahah Medium Term Notes at the request of the issuer. The ratings withdrawal affects RM265 million of outstanding notes issued under the aforementione...
This article has been viewed 1049 times.
MARC has revised the outlook to negative from stable and affirmed its ratings at AA-IS and MARC-1ID/AA-ID on Alam Maritim Resources Berhad's (Alam Maritim) RM500 million Sukuk Ijarah Medium Term Notes (Sukuk Ijarah MTN) and RM100 million Murabahah Commercial Papers/Murabahah Medium Term Notes (MCP/MMTN) programmes respectively. The rating action affects RM475 million of outstanding notes issued un...
This article has been viewed 1251 times.
MARC has affirmed its ratings of A+IS and A-IS on Senai-Desaru Expressway Berhad's (SDEB) RM1.89 billion nominal value Senior Sukuk Ijarah Medium Term Notes (Senior Sukuk) Programme and RM3.69 billion nominal value Junior Sukuk Ijarah Medium Term Notes (Junior Sukuk) Programme. SDEB, a 70:30 joint-venture between Rancak Bistari Sdn Bhd and Johor state-owned YPJ Holdings Sdn Bhd, is the conce...
This article has been viewed 1481 times.