Press Releases - Category: Infrastructure & Utilities
Displaying 641-650 of 854 results.
Tuesday, Sep 08, 2009
MARC has withdrawn its AA-ID rating assigned to SAJ Holdings Sdn Bhd’s (SAJH) RM1.28 billion Bai Bithaman Ajil Islamic Debt Securities (BaIDS) with immediate effect and removed the rating from MARCWatch Positive. The rating withdrawal follows the successful completion of Pengurusan Aset Air Bhd’s (PAAB) acquisition of SAJH’s BaIDS in July 2009 and confirmation by Maybank Investme...

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Friday, Aug 07, 2009
MARC has affirmed its AAID long-term rating on MTD InfraPerdana Bhd’s (MTD InfraPerdana) RM700.0 million Islamic Medium-Term Notes (IMTN) programme. The rating outlook is stable. The rating reflects strong earnings and cash flow generation of its two wholly-owned toll concessionaires, in particular MTD Prime Sdn Bhd (MTD Prime) that are supported by sustained traffic flows on completed highw...

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Tuesday, Aug 04, 2009
MARC continues to maintain its rating on Malaysian International Tuna Port Sdn Bhd’s (MITP) RM240.0 million Bai’ Bithaman Ajil Islamic Securities (BAIS) of A+ID on MARCWatch Negative, where it had first been placed since February 19, 2009. The continued MARCWatch Negative placement highlights the urgency of restoring MITP’s depleted sinking fund ahead of its upcoming profit payme...

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Thursday, Jul 23, 2009
MARC has affirmed its AA+(S) rating on Titisan Modal Sdn Bhd's (Titisan Modal) RM738.0 million Fixed Rate Serial Bonds (FRSB). The developing outlook on the rating has been maintained pending the finalization of the acquisition of the water assets and liabilities of its sole operating subsidiary and bulk water concession company, Konsortium Abass Sdn Bhd (Konsortium Abass), by the Selangor State G...

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Friday, Jul 03, 2009
MARC has affirmed its ratings on Gas Malaysia Sdn Bhd’s (GMSB) RM200 million Commercial Papers/Medium Term Notes (CP/MTN) Programme and RM500 million Medium Term Notes (MTN) Programme at MARC-1ID/AAAID and AAAID respectively. The ratings carry a stable outlook. The affirmed ratings reflect GMSB’s dominant market position as the sole natural gas distributor in Peninsular Malaysia, stron...

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Tuesday, Jun 30, 2009
MARC is issuing this rating update in relation to its AA-ID debt rating on SAJ Holdings Sdn Bhd’s (SAJH) RM1.28 billion BaIDS which remains on MARCWatch Positive. SAJH’s AA-ID debt rating was first placed on MARCWatch Positive on March 16, 2009 following an announcement that the potable water concession holder had entered into an agreement (The Master Agreement) for the proposed dispos...

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Friday, May 08, 2009
MARC has withdrawn its A+ID rating on Zecon Toll Concessionaire Sdn Bhd’s RM60.0 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS) with immediate effect, following confirmation by Affin Investment Bank Bhd, the Facility Agent, that the BaIDS has been fully redeemed on May 7, 2009. Contacts: Ahmad Zaidi Basri 03-2090 2268 / zaidi@marc.com.my; Khairul Emran Mahmud 03-2090 2278 / emran@...

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Thursday, May 07, 2009
MARC continues to maintain Malaysian International Tuna Port Sdn Bhd’s (MITP) A+ID rated RM240.0 million Bai’ Bithaman Ajil Islamic Securities (BAIS) on MARCWatch Negative, where it had been first placed on February 19, 2009. The continuing MARCWatch Negative placement reflects MARC’s view that MITP faces acute and immediate challenges as implied by its strained liquidity profile...

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Friday, Apr 24, 2009
MARC has affirmed its long-term rating on independent oil terminal (IOT) owner, Assar Chemicals Sdn Bhd’s (ACSB) RM150 million Serial Sukuk Musyarakah (Sukuk) at AAAIS. The outlook on the rating is stable. The affirmed rating reflects the fundamentals of the underlying oil terminal project, underpinned by a 30-year agreement through 2037 with terminal users of superior credit standing. Contr...

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Monday, Apr 13, 2009
MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AA+ as well as its ratings on TNB’s Islamic debt facilities which are as follows:• RM1.0 billion Al-Bai’ Bithaman Ajil Notes Issuance Facility rated AA+ID;• RM2.0 billion Al-Bai’ Bithaman Ajil Bonds rated AA+ID; and• RM1.5 billion Murabahah Commercial Papers and Murabahah Medium ...

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