MARC has withdrawn its ratings of AAAID and MARC-2ID(cg)/A-ID(cg) on Kwantas SPV Sdn Bhd’s (Kwantas SPV) RM155 million asset-backed Sukuk Ijarah and up to RM65 million Murabahah Commercial Papers/Medium-Term Notes (CP/MTN) Programme respectively. The ratings withdrawal follows the full redemption of the outstanding RM20.0 million Class A Sukuk Ijarah and the cancelation of the Sukuk Ijarah a...

MARC has received confirmation from Mayban Trustees Bhd as the trustee for Kwantas Corporation Berhad (KCB), that the ABBA bonds amounting up to RM100 million has been redeemed and refinanced through an issuance of RM220 million Islamic Securities by Kwantas SPV Sdn Bhd (a wholly-owned subsidiary of KCB) and all agreements related to the facility have been terminated accordingly. As such, MARC no ...

The rating of Kwantas Corporation Berhad (KCB) has been reaffirmed at A+ID, underpinned by the integrated nature of the KCB Group’s palm oil operations; its expanding activities namely, the establishment of operations in China (Guangzhou and Zhangjiagang), the commercialization of renewable bio-mass energy and the Group’s strengthening financial profile.KCB Group’s credit strength is drawn f...

Kwantas Corporation Berhad’s (KCB) rating has been reaffirmed at A+ID reflecting the integrated nature of the Group’s palm oil operations; its expanding activities namely, the commercialization of renewable bio-mass energy and establishment of operations in China; and the Group’s relatively strong financial profile.KCB Group’s credit strength is drawn from the integrated nature of its oper...

Malaysian Rating Corporation Berhad (MARC) has assigned a long term rating of A+ ID (Single A plus Islamic Debt) in respect of Kwantas Corporation Berhad’s (KCB) proposed RM100 million Al-Bai Bithaman Ajil Islamic Serial Bonds. The rating reflects the KCB Group’s integrated palm oil operations and expanding activities; new revenue source from the sale of renewable bio-mass energy; and expand...