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MARC has withdrawn its MARC-4/BB+ ratings on RUN Holding SPV Bhd’s (RUNH) RM500.0 million Commercial Papers/Medium Term Notes (CP/MTN) Programme with immediate effect.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...
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MARC today took various rating actions on the Selangor water sector issuers. Below is a list of all the affected debt issuances and rating actions:1. Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS)RM3.0 billion BBA CP/MTN2. Puncak Niaga (M) Sdn Bhd (PNSB)RM1.02 billion BaIDSRM546.88 million A NotesRM435.0 million RUB3. Puncak Niaga Holdings Bhd (PNHB)RM546.88 million RUN with warrants4. RUN Holding...
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MARC has lowered the ratings on RUN Holding SPV Bhd’s (RUNH) Commercial Paper/Medium Term Notes (CP/MTN) to MARC-2 and A- with a negative rating outlook and removed the ratings from MARCWatch Negative where they were first placed on June 8, 2010. RUNH is a bankruptcy remote special purpose company incorporated solely for the purpose of issuing the notes to purchase Redeemable Unconvertible J...
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MARC has placed the ratings of all its Selangor water sector-related issuances on MARCWatch Negative. The rating action affects the following issuers and issuances:Syarikat Bekalan Air Selangor Sdn BhdRM3.0 billion BBA CP/MTN Programme - MARC-1ID / AA-IDPuncak Niaga (M) Sdn Bhd RM1,020.0 million BaIDS - AAIDRM546.875 million Junior Notes A -...
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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...
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MARC has affirmed its MARC-1/A+ ratings on RUN Holding SPV Bhd’s (RHSB) First Series of RM200.0 million under its RM500.0 million Commercial Papers (CPs) and Medium Term Notes (MTN) Programme (the Notes) and revised the outlook on the ratings to developing from stable. RHSB is a bankruptcy remote special purpose company incorporated solely for the purpose of issuing the Notes to purchase Red...
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MARC has assigned ratings of MARC-1/A+ to the first issuance of up to RM200.0 million under RUN Holding SPV Bhd’s (RHSB) proposed RM500.0 million commercial papers (CPs) and Medium-Term Notes (MTN) programme (collectively referred to as “the Notes”). The ratings on the Notes reflect the credit quality of the underlying securities, Puncak Niaga Holdings Bhd’s (PNHB) Redeemab...
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