Press Releases - Category: Property
Displaying 1-10 of 565 results.
Wednesday, May 15, 2024
MARC Ratings has assigned a "Gold" Impact Assessment to Paramount Corporation Berhad’s Sustainability-Linked Financing Framework. The framework has been established to set the guiding principles for Paramount’s issuance of Sustainability-Linked Financing to achieve sustainability performance targets (SPTs) in relation to selected key performance indicators (KPIs).Bursa Malaysia-listed Paramoun...

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Friday, May 03, 2024
MARC Ratings has revised its outlook on Tropicana Corporation Berhad’s rated programmes to stable from negative. Concurrently, the ratings on the programmes, the RM1.5 billion Islamic Medium-Term Notes (IMTN) (Sukuk Wakalah) and RM2.0 billion Perpetual Sukuk, have been affirmed at AIS and A-IS.The outlook revision considers the improved credit profile of Tropicana, driven by its ongoing delevera...

This article has been viewed 124 times.
Monday, Apr 08, 2024
MARC Ratings has extended its MARCWatch Negative placement on YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) following a rating downgrade to BBB-IS. The rating was at BBB+IS when it was first placed on negative watch on January 18, 2024. The rating action reflects MARC Ratings’ heightened concerns on YNH’s continued weak financial position, the lack of m...

This article has been viewed 226 times.
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 ...

This article has been viewed 176 times.
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...

This article has been viewed 131 times.
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...

This article has been viewed 338 times.
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...

This article has been viewed 157 times.
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...

This article has been viewed 196 times.
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...

This article has been viewed 191 times.