Press Releases - Category: Plantations
Displaying 1-10 of 134 results.
Tuesday, Oct 04, 2022
MARC Ratings has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA and its Perpetual Subordinated Sukuk Programme’s rating of up to RM3.0 billion at AAIS. Both ratings carry a stable outlook.The affirmed corporate credit rating reflects SD Plantation’s strong cash flow generating ability from its geographically sizeable and integrated oil palm operations,...

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Tuesday, Apr 05, 2022
MARC Ratings has upgraded TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme rating to AA-IS from A+IS and affirmed its RM50 million Commercial Papers (ICP) Programme rating at MARC-1IS. The ratings outlook is stable. TSH Sukuk Murabahah is the funding vehicle for parent TSH Resources Berhad (TSH) which has provided an irrevocable and unconditional undertaking to meet...

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Thursday, Mar 10, 2022
MARC Ratings has withdrawn its rating of A+IS  on TSH Sukuk Ijarah Sdn Bhd’s RM300 million Medium-Term Notes (IMTN) Programme. The rating withdrawal follows the full redemption of the outstanding RM15 million and subsequent cancellation of the programme. TSH Sukuk Ijarah is a wholly-owned special purpose funding vehicle of TSH Resources Berhad (TSH).With the cancellation, MARC Ratings’ an...

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Thursday, Nov 18, 2021
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA with a stable outlook. The rating agency has concurrently affirmed its AAIS/Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion.The affirmed ratings are driven by SD Plantation’s strong cash flow generating ability from its sizeable geog...

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Tuesday, Oct 05, 2021
MARC has affirmed its rating of A+IS and MARC-1IS on TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme and RM50 million Commercial Papers (ICP) Programme. Concurrently, the rating agency has affirmed its rating of A+IS  on TSH Sukuk Ijarah Sdn Bhd’s RM300 million IMTN programme. The long-term ratings outlook has been revised to positive.  Both TSH Su...

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Wednesday, Mar 24, 2021
MARC has assigned a "Gold" Sustainability Sukuk Assessment to Agroto Business (M) Sdn Bhd's (Agroto) ASEAN Sustainability Sustainable and Responsible Investment (SRI) Sukuk Programme Framework (Framework). The assessment is driven by our expectation that the net proceeds of the sukuk to be issued will be directed towards qualifying capital expenditures on the issuer's sustainable and modern integr...

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Tuesday, Oct 20, 2020
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA with a stable outlook. Concurrently, the rating agency has affirmed its AAIS/Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion.SD Plantation’s sizeable, geographically-diversified and integrated palm oil operations remain key rati...

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Wednesday, Jul 22, 2020
MARC has affirmed TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium Term Notes (IMTN) programme rating at A+IS and concurrently upgraded its RM50 million Sukuk Murabahah Commercial Papers (ICP) programme rating to MARC-1IS from MARC-2IS. The rating agency has also affirmed TSH Sukuk Ijarah Sdn Bhd’s RM300 million IMTN programme rating at A+IS. The ratings outlook is stable. TSH Sukuk Mur...

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Monday, Dec 16, 2019
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The ratings outlook is stable. The affirmed corporate credit rating is driven by SD Plantation’s strong cash flow generating ability from its sizea...

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Thursday, Nov 21, 2019
MARC has assigned a “Gold” Sustainability Bond Assessment to Agroto Business (M) Sdn Bhd’s (Agroto) proposed ASEAN Sustainability Bond Programme of up to RM300.0 million.The proceeds of the bonds issued under the proposed bond programme will be used to refinance and finance capital expenditures on the issuer’s sustainable and modern integrated farming operations (“the project’). A key ...

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