Press Releases - Category: Plantations
Displaying 71-80 of 138 results.
Thursday, Nov 12, 2009
MARC is issuing this interim update following the completion of its review on its AAAID and AAID ratings on ABS Plantation Assets Berhad’s (ABS Plantation) RM50.0 million Class A and RM45.0 million Class B Senior Notes Bai-Bithaman Ajil Islamic Debt Securities (BaIDs) respectively initiated in November 2009. For this review, MARC’s assessment of the securitised plantation assets’...

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Friday, Aug 28, 2009
MARC has placed its AAAID and AAID ratings on ABS Plantation Assets Berhad’s (ABS Plantation) Class A and Class B Senior Notes Bai-Bithaman Ajil Islamic Debt Securities (BaIDs) respectively on MARCWatch Developing. The MARCWatch placement reflects the uncertainties surrounding ABS Plantation’s planned early redemption exercise, which is contingent on consent from the BaIDsholders in co...

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Friday, Apr 10, 2009
MARC has affirmed its AAAIS and AA+IS ratings on Tradewinds Plantation Capital Sdn Bhd’s (TPC) asset-backed RM180.0 million Class A and   RM30.0  million  Class  B   Sukuk  Ijarah,   respectively with a stable outlook. The affirmed ratings of the Class A and Class B Sukuk Ijarah reflect the satisfactory performance of the securitised plantati...

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Monday, Mar 30, 2009
MARC has affirmed the ratings of ABS Plantation Assets Berhad’s (ABSP) RM50.0 million Class A and RM45.0 million Class B Bai Bithaman Ajil Islamic debt securities (Notes) at AAAID and AAID respectively. Additionally, MARC has assigned a stable outlook to the ratings. The affirmed ratings follow a satisfactory performance review of the securitised palm oil estates. The performance of this pla...

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Thursday, Mar 05, 2009
MARC has withdrawn the MARC-1ID/ AA-ID ratings assigned to TSH Resources Berhad’s RM100 Million Murabahah Commercial Papers/ Medium Term Notes Programme (Facility) with immediate effect following confirmation from the facility agent, Maybank Investment Bank Berhad, of an early cancellation of the Facility on February 12, 2009, ahead of its original maturity date on May 29, 2009. Contact...

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Monday, Jan 12, 2009
MARC has withdrawn its MARC-2/A ratings on TH Group Berhad’s RM200 Million Commercial Papers / Medium-Term Notes (CP/MTN) Programme with immediate effect, following the full redemption and cancellation of the CP/MTN programme, as confirmed by its facility agent, Citibank Berhad. Contacts: Hafizan Haron, 03-2090 2238/ hafizan@marc.com.my; Eric Chua, 03-2090 2245/ cheekiong@marc.com.my...

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Friday, Dec 19, 2008
MARC has been informed that the noteholders of TH Group Berhad’s (THG) RM200 million Commercial Papers/Medium-Term Notes issuance programme (CP/MTN), had on November 25, 2008, consented to THG’s proposed early redemption of its outstanding RM170 million CP/MTN before year-end. On September 29, 2008, Tung Hup Holdings Sdn Bhd (THH) and parties acting in concert, who collectively hold a ...

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Friday, Nov 21, 2008
MARC has upgraded IJM Plantations Berhad’s (IJMP) RM150 million Al-Bai Bithaman Ajil Serial Bonds (ABBA) long-term rating to AA-ID from A+ID. The rating outlook is stable. The upgrade reflects the group’s solid operating performance supported by an improving plantation maturity profile attesting to its superior estate management practice, strong profitability and cash flow generating c...

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Friday, Oct 10, 2008
MARC has affirmed the ratings of Kwantas SPV Sdn Bhd’s (Kwantas SPV) RM80.0 million Class A Sukuk and RM60.0 million Class C Sukuk at AAAID, and A+ID, respectively; the RM65.0 million corporate guarantee-backed Murabahah Commercial Papers/Medium Term Notes Programme (Murabahah CP/MTN) at MARC-1ID /A+ID; and upgraded RM15.0 million Class B Sukuk to AAAID from AAID. The rating actions follow a...

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Tuesday, Oct 07, 2008
MARC has affirmed its ratings of MARC-1ID / AA-ID on the RM100 million Murabahah Commercial Papers / Medium Term Notes programme of TSH Resources Berhad (TSH). The outlook on the ratings is stable. The affirmed debt ratings reflect TSH’s business position as an integrated oil palm plantation player which has benefited from the palm oil industry upcycle, its relatively low debt leverage and r...

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