MARC announced today that it has withdrawn the rating on Puncak Niaga (M) Sdn Bhd’s RM800 million Revolving Underwritten Facility following the full redemption of all notes outstanding under the Facility on 27 November 2000.Puncak Niaga’s remaining private debt security facilities which are presently outstanding, namely its RM1.02 billion Al-Bai Bithaman Aijil (ABBA) serial bonds and its RM350...

MARC has assigned a rating of AAID to Puncak Niaga (M) Sdn Bhd’s (PNSB) ABBA serial bonds and MARC-1/AAID to its MuCP/MTN programme. Proceeds from the new debt offering will be substantially utilized to refinance PNSB’s existing debts including the RM800 million revolving underwritten facility (RUF) due in 2002. MARC had re-affirmed the RUF rating of MARC-2 in March 2000. Upon redemption of...

Dialog Group Berhad’s (DGB) ‘AA-‘ corporate credit rating is affirmed. DGB continues to maintain a strong financial profile, supported by a well-above-average business position in the highly specialised oil, gas and petrochemical industry. Increasing diversification of the company’s revenue base, DGB’s ability to take advantage of the generally favourable outlook for gas infrastructure ...

Malaysian Rating Corporation Berhad (MARC) has assigned a long-term rating of AID (Single A, Islamic Debt) in respect of ARL Tenaga Sdn Bhd’s RM177.0 million Al-Bai Bithaman Ajil Islamic Debt Securities Issue (BaIDS) (2000/2010).ARL Tenaga Sdn Bhd’s (ARLT) rating is underpinned by a stable and predictable cash flow which is expected to cover the company’s debt servicing requirements comfort...

MARC has affirmed the rating of MARC - 2 on Puncak Niaga (M) Sdn Bhd’s (PNSB) Revolving Underwritten Facility (RUF) with term loan conversion. The rating is supported by sustained demand for water with production of treated water surpassing the minimum take-or-pay quantity that was set by the government; low off-taker risk; satisfactory operation of the existing water treatment facilities under...

Malaysian Rating Corporation Berhad (MARC) has upgraded the long-term issuer rating of Tenaga Nasional Berhad (TNB) to AA+ (double A plus) and reaffirmed TNB`s short-term issuer rating at MARC-1. Arising from the upgrade of TNB`s long-term issuer rating, TNB`s Al-Bai Bithaman Ajil Notes Issuance Facility [Tranche 1 (1997/2007) and Tranche 2 (1997/2012)] and Fixed Rate Unsecured Bonds (1998/2006) ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1 to Kertih Terminals Sdn Bhd’s (KTSB) RM500.0 million Revolving Underwriting Facility (RUF). The rating reflects the strength, experience and financial backing of the project sponsors, namely PETRONAS, GATX Terminals and the Dialog Group; the advanced stage of construction of Phase I; reduced construction risk;...

MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032.The rating reflects the company’s strong operating cash flow generation, underpinned by the two highways’ steady traffic and revenue profile. The ratin...