Displaying 621-630 of 858 results.
MARC has withdrawn its MARC-1ID/AA+ID ratings on Tenaga Nasional Berhad’s RM1.5 billion Murabahah Commercial Papers and Murabahah Medium-Term Notes with immediate effect. The rating withdrawal follows the recent confirmation from the facility agent, KAF Investment Bank Berhad, that the facility has been cancelled. Contacts: Sandeep Bhattacharya 03-20902247 / sandeep@marc.com.my; Khairul Emra...
This article has been viewed 1091 times.
MARC has affirmed the AA-(bg) and AA-ID rating on Sistem Penyuraian Trafik KL Barat Sdn Bhd’s (SPRINT) RM365 million Bank Guaranteed Serial Fixed Rate bonds (BG Bonds) and RM510 million Al Bai Bithaman Ajil Islamic Debt Securities (BaIDS) respectively. The ratings outlook is stable for both facilities. The rating on the BG Bonds reflects the strength of the lowest financial institution ratin...
This article has been viewed 1320 times.
MARC has affirmed its AAAID long-term rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). The rating outlook is stable. The rating reflects GDC Putrajaya’s position as the sole supplier of chilled water to all government premises in Putrajaya as well as the commercial buildings owned by Putrajay...
This article has been viewed 1152 times.
MARC has affirmed the rating of Kapar Energy Ventures Sdn Bhd’s (KEV) RM3,402.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AA+ID and has revised the rating outlook to stable from developing. The revised outlook reflects anticipated improvement in KEV's earnings, with most operational issues of the plant being addressed as well as better electricity demand expected in...
This article has been viewed 1112 times.
MARC has affirmed the AA+IS rating of port operator Westports Malaysia Sdn Bhd’s (Westports) RM800.0 million Sukuk Musyarakah Medium-Term Notes (Sukuk Musyarakah MTN) and maintained the stable rating outlook. The affirmed rating considers Westports’ strong competitive position and operational track record in addition to its stable financial profile and ample financial flexibility. Thes...
This article has been viewed 1489 times.
MARC has affirmed its MARC-1/A+ ratings on RUN Holding SPV Berhad’s (RUN SPV) First Series of RM200 million under its RM500 million Commercial Papers/Medium Term Notes Programme (the notes) and maintained the developing outlook on the ratings. RUN SPV is a bankruptcy remote special purpose company incorporated solely for the purpose of issuing the notes to purchase Redeemable Unconvertible J...
This article has been viewed 910 times.
MARC has revised its outlook on expressway concessionaire Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd's (Kesturi) RM780 million Sukuk Istisna to developing from stable. The outlook revision reflects MARC's view that the risk of events leading to a downgrade is balanced by the refinancing plan initiated by Kesturi to address a potential shortfall in debt service by October 2010. Since opening, th...
This article has been viewed 1266 times.
MARC has placed its issue ratings on Tanjung Langsat Port Sdn Bhd (TLP) on MARCWatch Negative. The rating action affects the following issuances: TLP's RM250.0 million Sukuk Musyarakah (Sukuk Musyarakah) rated at AA-IS, and its RM135 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) rated at MARC-1ID/AA-ID. The MARCWatch Negative placement reflects MARC's conce...
This article has been viewed 907 times.
MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AA+ and the utility's Islamic debt ratings as follows:RM1.0 billion Al-Bai Bithaman Ajil Notes Issuance Facility at AA+ID;RM2.0 billion Al-Bai’ Bithaman Ajil Bonds at AA+ID; andRM1.5 billion Murabahah Commercial Papers and Murabahah Medium Term Notes at MARC-1ID/AA+ID.MARC has revised its ratings outlook to stable from d...
This article has been viewed 1081 times.
MARC has affirmed its A rating on Aliran Ihsan Resources Berhad’s (AIRB) RM56.924 million Redeemable Convertible Unsecured Loan Stocks (RCULS). The rating outlook has been revised to stable from developing to reflect the satisfactory build up of its sinking fund account (SFA) ahead of the November 2011 redemption of the RCULS and improved clarity regarding the status of the bulk water conces...
This article has been viewed 941 times.