Displaying 701-710 of 858 results.
MARC has withdrawn the MARC-1ID /AAID rating assigned to Puncak Niaga (M) Sdn Bhd’s RM350.0 million MCP/MMTN with immediate effect, following confirmation by United Overseas Bank (Malaysia) Bhd, the Facility Agent, that the facility had expired on 11 October 2007. The facility had been fully redeemed in 2005, with no further utilization prior to its expiry....
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MARC has reaffirmed the A+ID ratings of ARL Power Sdn Bhd’s (ARLP) RM177 million Bai Bithaman Ajil Secured Serial Bonds and RM50 million Islamic Medium-Term Notes. The ratings carry stable outlook. The ratings principally reflect the strength of cash flows generated under a 21-year power purchase agreement (PPA) with Sabah Electricity Sdn Bhd (SESB). SESB is 80%-owned subsi...
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MARC has affirmed the rating of A+ID of Zecon Toll Concessionaire Sdn Bhd’s (“ZTC”) RM60 million Bai-Bithaman Ajil Islamic Debt Securities (“BaIDS”). The rating carries a stable outlook. ZTC’s revenue generating asset is the Tun Salahuddin Bridge in Sarawak.The rating reflects the satisfactory traffic and revenue profile of the bridge relative to debt service un...
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MARC has affirmed the MARC-1ID /AAID ratings of Syarikat Pengeluar Air Sungai Selangor Sdn Bhd’s (“SPLASH”) RM435 million Islamic Notes Issuance Master Programme, comprising RM50 million Murabahah Commercial Papers (“CPs”) and RM385 million Murabahah Medium Term Notes (“MMTNs”). The ratings carry a stable outlook.The ratings are supported by SPLASH’s...
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The rating of Assar Chemicals Sdn Bhd’s (“ACSB”) RM150 million Serial Sukuk Musyarakah (“Sukuk”) has been reaffirmed at AAAIS. The rating outlook is stable. ACSB was incorporated to undertake the construction and operation of an independent oil terminal (“IOT”) in Senari, Kuching. The reaffirmed rating reflects the timely completion of the project, the hig...
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MARC has withdrawn the AA- corporate credit rating assigned to Dialog Group Berhad (“Dialog”) with immediate effect, upon Dialog’s request....
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MARC has reaffirmed the rating of Westports Malaysia Sdn Bhd’s (Westports) (formerly known as Kelang Multi Terminal Sdn Bhd) RM350 million Floating Rate Notes at AA. The rating outlook on the notes is stable. The rating reflects Westports’ consistently sound financial performance, its strategic location, and the growth prospects for port traffic. The port benefits fro...
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MARC has reaffirmed the rating of A+ID on Sweetwater SPV Sdn Bhd’s (“SSPV”) RM195 million Bai Bithaman Ajil Islamic Debt Securities (“BaIDS”). The rating outlook for the BaIDS is stable. However, the rating remains sensitive to the outcome of the water sector reform.The rating is underpinned by the dividend paying capacity of Syarikat Pengeluar Air Selangor Holdings B...
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MARC has affirmed the rating of AAAID(bg) / A+ID on Viable Chip (M) Sdn Bhd’s (“VCSB”) RM50.0 million nominal value of Bank Guaranteed Bai’ Bithaman Ajil Islamic Debt Securities (“BaIDS A”) and RM150.0 million nominal value of Bai’ Bithaman Ajil Islamic Debt Securities (“BaIDS B”). The stable rating outlook for the BaIDS A mirrors that of the g...
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MARC has reaffirmed Kapar Energy Ventures Sdn Bhd’s (KEV) RM3,402 million Bai Bithaman Ajil Islamic Debt Securities (BaIDS) rating at AA+ID. The rating carries a stable outlook. The rating principally reflects a 25-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB), its off-taker and majority shareholder. Under the PPA, KEV receives monthly capacity payments...
This article has been viewed 1033 times.