Press Releases - Category: Property
Displaying 1-10 of 508 results.
Friday, Apr 29, 2022
MARC Ratings has affirmed its ratings of AAA, AA and B- on special purpose vehicle Special Coral Sdn Bhd’s RM250.0 million Senior Class A Medium-Term Notes (MTN), RM50.0 million Senior Class B MTN and RM800.0 million Subordinated Class MTN under the existing RM1.1 billion MTN programme. The ratings outlook is stable. Special Coral owns about 91.6% of the strata area in Queensbay Mall, an eight-s...

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Tuesday, Apr 26, 2022
MARC Ratings has withdrawn its ratings on Kinabalu Capital Sdn Bhd’s Issue 1 and Issue 2 Medium-Term Notes (MTN) and Commercial Papers (CP) under the RM3.0 billion MTN and CP Programme. The rating withdrawal follows the completion of the refinancing exercise and full redemption of the outstanding RM20 million Class A MTN rated AAA and RM200 million CP rated MARC-1 under Issue 1, and RM130 millio...

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Thursday, Apr 14, 2022
MARC Ratings has affirmed its AAIS rating on S P Setia Berhad’s RM3.0 billion Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The initial proceeds of RM800 million from the issuance had been largely used to fund capital injections into the group’s joint venture (JV), Battersea Power Station in the United Kingdom (Battersea Project).S P Setia's well-established position as a t...

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Monday, Feb 28, 2022
MARC Ratings has assigned a final rating of A+IS  to YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) of up to RM700 million with a stable outlook. 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 preliminar...

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Friday, Feb 25, 2022
MARC Ratings has assigned long-term ratings of AAA, AA and A to 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 ratings outlook is stable.Kinabalu Capital is a special purpose funding vehicle for its parent Sentral REIT and is undertaking the third issuance (Issue 3) under its RM3.0 billion MTN programme. Pro...

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Thursday, Feb 24, 2022
MARC Ratings has assigned final ratings of MARC-1IS / AA-IS to UEM Sunrise Berhad's Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme with a combined nominal value of RM4.0 billion. The outlook on the ratings is stable.The rating agency has reviewed the final documentation for the programmes and is satisfied that the terms and conditions have not changed in a...

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Tuesday, Feb 15, 2022
MARC Ratings has revised the ratings outlook to negative from stable on its A+IS and AIS ratings on Tropicana Corporation Berhad’s RM1.5 billion Islamic Medium-Term Notes Programme (Sukuk Wakalah) and RM2.0 billion Perpetual Sukuk Programme (Perpetual Sukuk).The outlook revision highlights the rating agency’s increasing concern over the rise in group borrowing level which stood at RM4.5 billio...

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Wednesday, Dec 29, 2021
MARC has affirmed its AA+IS rating with a stable outlook on Sime Darby Property Berhad's (SD Property) Islamic Medium-Term Notes Programme of RM4.5 billion under the Shariah principle of Musharakah. SD Property's well-established position as a township developer and its strong sales track record in domestic property development remain key rating drivers. Its sizeable landbank of 15,199 acres ...

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Wednesday, Dec 22, 2021
MARC has affirmed its ratings on Berjaya Land Berhad’s (BLand) RM500.0 million Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Berhad (Danajamin) and RM150.0 million MTN Programme guaranteed by OCBC Bank (Malaysia) Berhad (OCBC Malaysia). The ratings of AAA(fg) and AAA(bg) carry a stable outlook. The affirmed ratings reflect the unconditional and irrevocable guarantees provide...

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Thursday, Dec 16, 2021
MARC has affirmed its AAIS rating on Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). The rating outlook has been revised to negative from stable. Fortune Premiere is a funding vehicle for parent IOI Properties Group Berhad which has extended an unconditional and irrevocable guarantee on the issuance. The revised outlook is premi...

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