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MARC has withdrawn its BBB+IS and MARC-3ID /BBB+ID ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah Bonds and RM135.0 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) respectively. The withdrawal follows the early redemption of all outstanding amounts and the cancellation of the aforementioned facil...
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MARC has downgraded its ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah Bonds and RM135.0 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) to BBB+IS and MARC-3ID/BBB+ID from A-IS and MARC-2ID/A-ID respectively. The outlook on the ratings remains negative. The rating action reflects TLP’s continued losses and weak ca...
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MARC has downgraded its ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250 million Sukuk Musyarakah Bonds (Sukuk Musyarakah) and RM135 million Musyarakah Commercial Papers/Medium Term Notes Programme (MCP/MMTN) to A-IS and MARC-2ID/A-ID from AA-IS and MARC-1ID/AA-ID respectively. The outlook on the ratings remains negative.The downgrades reflect further erosion of TLP’s credit...
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MARC has removed its AA-IS and MARC-1ID/AA-ID ratings on Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah (Sukuk Musyarakah) and RM135 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) respectively from MARCWatch Negative where they were first placed on January 15, 2010. Concurrently, the ratings were affirmed and the ratings outlook ...
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MARC has placed its issue ratings on Tanjung Langsat Port Sdn Bhd (TLP) on MARCWatch Negative. The rating action affects the following issuances: TLP's RM250.0 million Sukuk Musyarakah (Sukuk Musyarakah) rated at AA-IS, and its RM135 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN) rated at MARC-1ID/AA-ID. The MARCWatch Negative placement reflects MARC's conce...
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MARC has assigned initial ratings of AA-IS and MARC-1ID/AA-ID to Tanjung Langsat Port Sdn Bhd’s (TLP) RM250.0 million Sukuk Musyarakah (Sukuk Musyarakah) and up to RM135.0 million Musyarakah Commercial Papers/Musyarakah Medium Term Notes Programme (MCP/MMTN), respectively. The ratings carry a stable outlook. The proceeds from the proposed issuances will be used mainly to repay existing borro...
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