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MARC has withdrawn its MARC-3ID/BBBID ratings on Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS or Issuer) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme (BBA CP/MTN) at the request of the Issuer. The ratings withdrawal affects RM2.125 billion of outstanding MTN issued under the aforementioned programme. SYABAS’ ratings were last downgraded on April 6, 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 BaIDS RM546.88 million A Notes RM435.0 million RUB3. Puncak Niaga Holdings Bhd (PNHB)&...
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MARC said today that it will continue to maintain its MARC-1ID/ A+ID and AA+(s) debt ratings on Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS) and Titisan Modal Sdn Bhd (TMSB) on MARCWatch Negative. The extended MARCWatch placements reflect the lack of positive development on the restructuring of the Selangor water sector.The inability of SYABAS, the sole distributor of treated water for the state...
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MARC has revised the issue ratings of the Selangor water sector, including Syarikat Bekalan Air Selangor Sdn Bhd (SYABAS), following a review of the ratings which was initiated in June 2010. The single notch downgrade of SYABAS’ long-term rating to A+ID from AA-ID reflects continued cash flow challenges at the Selangor state’s sole water distributor as reflected by its inability to mee...
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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 Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme (BBA CP/MTN) ratings of MARC-1ID /AA-ID. The developing outlook on the rating has been maintained to reflect the unresolved situation around the restructuring of the Selangor water sector and SYABAS’ deferred water tariff hike. SYABAS has yet ...
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MARC has affirmed Syarikat Bekalan Air Selangor Sdn Bhd’s (Syabas) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme ratings of MARC-1ID /AA-ID. Concurrently, MARC has revised the rating outlook to developing from stable to reflect Syabas’ increased risk of lower-than-expected tariffs and early termination of its water distribution concession agreement (CA)....
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MARC has reaffirmed Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS) RM3.0 billion Bai Bithaman Ajil Commercial Papers/Medium Term Notes Programme ratings of MARC-1ID /AA- ID. The ratings carry a stable outlook. The ratings reflect SYABAS’ dominant position as the sole distributor of treated water for the states of Selangor, Kuala Lumpur and Putrajaya; the low risk nature of the water ...
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The MARC-1ID/AA-ID rating of Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS) RM3.0 billion Bai Bithaman Ajil Commercial Papers / Medium Term Notes Programme was affirmed with a stable outlook, reflecting its dominant position as the sole distributor of treated water for the states of Selangor, Wilayah Persekutuan Kuala Lumpur and Putrajaya; the Government’s support for the water priva...
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MARC has assigned ratings of MARC-1ID/AA- ID to Syarikat Bekalan Air Selangor Sdn Bhd’s (SYABAS) RM3.0 billion Bai Bithaman Ajil Commercial Papers/ Medium Term Notes Programme, reflecting its dominant position as the sole distributor of treated water for the State of Selangor and the Federal Territories of Kuala Lumpur and Putrajaya; the Government’s support for the water privatization program...
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