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MARC has withdrawn the A+ID rating assigned to Sunrise Berhad’s (Sunrise) RM100.0 million Bai’ Bithaman Ajil Notes Issuance Facility (BBA) with immediate effect following the full redemption of the BBA.With the redemption of the BBA, MARC’s rating obligations are now limited to Sunrise’s RM70.0 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN)...
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MARC has withdrawn the AA- (cg) rating assigned to WCT Land Berhad’s (WCT Land) RM132.0 million Convertible Redeemable Debt Securities (CRDS) with immediate effect following the full redemption and cancellation of the facility....
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Vast Winners Sdn Bhd (VWSB) is a bankruptcy remote special purpose vehicle established for the purpose of issuing up to RM650.0 million Medium-Term Notes (MTNs). The proceeds of the issuance will be used to finance the purchase of 510,418 sq ft of strata floor area within shopping centre, Sungei Wang Plaza (SWP or property), together with 1,310 parking bays and rights under all tenancy agreements ...
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MARC has withdrawn the AAAID rating assigned to Petronas Assets Sdn Bhd’s (Petronas Assets) RM282.0 million Bai’ Al-Dayn Notes Issuance Facility with immediate effect following the full redemption of the facility on May 9, 2008 as confirmed by the facility agent, CIMB Investment Bank Bhd.12 May 2008 ...
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MARC has placed its BBB+ rating on MK Land Holding Berhad’s (MK Land) RM300 million Serial Bonds Tranche 1 and Tranche 2 on MARCWatch Negative. The MARCWatch Negative placement of MK Land’s rating reflects liquidity concerns following MK Land’s announcement on May 2, 2008 that it is seeking the indulgence from bondholders of Tranche 1 and Tranche 2 bonds to defer future scheduled...
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MARC has withdrawn the MARC-2/A- ratings assigned to Equine Capital Berhad’s RM95 million CP/MTN programme with immediate effect following the full redemption of the facility on April 30, 2008 as confirmed by the facility agent, Alliance Investment Bank Berhad....
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MARC has assigned a rating of AAAIS for Putrajaya Holdings Sdn Bhd’s (PjH) up to RM1.5 billion Nominal Value Sukuk Musyarakah Medium-Term Notes Programme. The rating carries a Stable Outlook. The proceeds of the sukuk will be used mainly for Syariah compliant general working capital requirements of PjH, and to pay the balance of contract works in Parcel E subject to a ceiling of RM35 million...
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MARC has upgraded the rating of Ample Zone Berhad’s Sukuk Al-Ijarah (Sukuk) Class B of RM13.3 million from AIS to AA+IS and affirmed the rating of the RM75.0 million Class C Sukuk at BB-IS. The rating upgrade of Class B Sukuk reflects improvement in collateral value backing the Sukuk following the recent full redemption of Class A Sukuk as reflected in a significantly lower loan-to-value (LT...
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MARC has affirmed its AAIS rating on Diversified Venue Sdn Bhd’s (DVSB) RM200 million Sukuk Al-Ijarah Master Programme (Sukuk). The rating outlook is stable. The Sukuk programme is a structured transaction involving DVSB acquiring the beneficial ownership in the land and building designated as the UEM Group Berhad (UEM Group) Headquarters’ Building (the Building) from First Impact Sdn ...
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MARC has affirmed the A rating of Berjaya Land Berhad’s (BLand) five-year Secured Exchangeable Bonds (EB) with nominal value of up to RM900 million which are exchangeable into shares of leading domestic Numbers Forecast Operator (NFO), Berjaya Sports Toto Berhad (BToto). The rating outlook is stable. The rating on the EB reflects the resilient financial performance of BToto, the collateral c...
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