Press Releases - Category: Property
Displaying 1-10 of 562 results.
Thursday, Mar 14, 2024
MARC Ratings has affirmed its long-term ratings of AAA, AA and A on Kinabalu Capital Sdn Bhd’s Issue 3 of RM113 million Class A, RM21 million Class B and RM11 million Class C Medium-Term Notes (MTN). The outlook on all ratings is stable.The affirmed ratings reflect the loan-to-value (LTV) ratios of the classes under the issuance that are within the LTV benchmarks MARC Ratings applies for the rat...

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Thursday, Mar 07, 2024
MARC Ratings has revised its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) from AA- to A+ following the downgrade of parent WCT Holdings Berhad’s rating to A+ from AA-. WCT Holdings has provided a liquidity support undertaking to Segi Astana to ensure funds are sufficient or a refinancing is in place for Segi Astana’s final MTN redemption. The liquidity ...

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Wednesday, Jan 31, 2024
MARC Ratings has assigned a "Silver" Impact Assessment to Sunway Velocity Three Sdn Bhd’s (SV3) Sustainable Financing Framework. The framework has been established to set the guiding principles for SV3’s issuance of sustainable financing instruments for specific eligible projects that contribute towards environmental and social benefits.SV3, formerly known as Tanda Warisan Sdn Bhd, is a proper...

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Thursday, Jan 18, 2024
MARC Ratings has downgraded its rating on YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) to BBB+IS from AIS and concurrently placed the rating on MARCWatch Negative.The downgrade reflects the heightened concerns on YNH’s weak liquidity position vis-à-vis its financial obligations, compounded by further delays in sale of assets that would have provided a much-n...

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Thursday, Jan 11, 2024
MARC Ratings has assigned a final rating of AA-IS  to LBS Bina Group Berhad’s RM750 million Islamic Medium-Term Notes Programme. The rating outlook is stable.         The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the pr...

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Tuesday, Dec 26, 2023
MARC Ratings has affirmed its rating on Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM1.4 billion as of November 30, 2023.SD Property’s strong sales track record in well-established townships, and strong balance sheet, characterised by lo...

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Thursday, Dec 14, 2023
MARC Ratings has affirmed its rating of AAIS on Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). The rating outlook is stable. Fortune Premiere is a funding vehicle of IOI Properties Group Berhad (IOI Properties) which has provided an unconditional and irrevocable guarantee on the programme.IOI Properties’ entrenched position and lo...

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Friday, Dec 08, 2023
MARC Ratings has affirmed its ratings of MARC-1IS /AA-IS on UDA Holdings Berhad’s (UDA) Islamic Commercial Papers (ICP) Programme of up to RM100.0 million and Islamic Medium-Term Notes (IMTN) Programme of up to RM1.0 billion, with a combined aggregate limit of up to RM1.0 billion. The ratings outlook is stable. The ratings incorporate a one-notch uplift from UDA’s standalone credit profil...

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Monday, Nov 27, 2023
MARC Ratings has upgraded Titijaya Land Berhad’s (Titijaya) RM150 million Islamic Commercial Papers (ICP) Programme short-term rating to MARC-1IS from MARC-2IS. The upgrade reflects Titijaya’s stronger long-term credit profile, with improved business profile and healthier balance sheet, characterised by lower leverage and higher liquidity. Key factors moderating the rating are the challen...

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Tuesday, Nov 14, 2023
MARC Ratings has assigned a preliminary rating of AA-IS to LBS Bina Group Berhad’s proposed Islamic Medium-Term Notes Programme of up to RM750.0 million. The rating outlook is stable. The assigned rating is mainly premised on LBS Bina’s strong sales track record in the affordable and mid-market residential property segment, its sizeable unbilled sales and healthy cash flow metrics. Modera...

This article has been viewed 161 times.