Press Releases - Category: Property
Displaying 501-510 of 562 results.
Thursday, Oct 23, 2003
MARC has reaffirmed Putrajaya Holdings Sdn Bhd’s (PJH) long term and short term issuer rating of AAA and MARC-1, respectively and its Islamic corporate debt ratings of AAAID/MARC-1ID in respect of its Bai’ Bithaman Ajil Bonds Issuance Facilities for Parcels A, B, C, D & Public Facilities Precinct 10 and its Murabahah Commercial Papers/Medium Term Notes Programme for Parcel E. The reaffirmation...

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Tuesday, Sep 30, 2003
MARC has received confirmation from the Lead Arranger and Trustee that Europlus Corporation Sdn Bhd’s RM250 million Al-Bai Bithaman Ajil Islamic Debt Securities (2000-2003) have been fully redeemed on 29 September 2003. Hence, MARC no longer has any rating obligation on the debt securities and the A-ID rating is hereby withdrawn....

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Tuesday, Aug 05, 2003
MARC has withdrawn the corporate debt rating of Maxisegar Sdn Bhd RM300 million and RM600 million Al-Bai Bithaman Ajil Islamic Debt Securities (Baids) following the full redemption of the Baids on the 28th of July 2003....

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Wednesday, Jul 30, 2003
MARC has assigned a B- (B minus) rating to Land & General Berhad’s (L&G) redeemable convertible secured loan stocks (RCSLS) of RM320,962,637. The rating reflects the secured nature of the RCSLS and the relatively sustaining demand for L&G’s property development in Bandar Sri Damansara. These factors are offset by the weak composite competitiveness of L&G’s diverse business activities, its un...

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Friday, Jul 18, 2003
MARC assigned a MARC-3ID rating to Perspektif Perkasa Sdn Bhd’s (PPSB) Murabahah Underwritten Notes Issuance Facility (MUNIF) with a nominal value of RM188 million. The rating reflects the competitive position of the proposed development, Bandar Pinggiran Cyber, in terms of location, infrastructural accessibility and pricing. Despite the potentially high take-up for this proposed development, c...

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Tuesday, Jun 17, 2003
MARC has affirmed the long-term Islamic corporate debt rating of AID (Single A, Islamic Debt Securities) and short-term Islamic corporate debt rating of MARC-2ID assigned to Sunrise Berhad’s RM70 million Islamic Medium Term Notes and Murabahah Notes Issuance Facility and RM100 million Bai’ Bithaman Ajil Notes Issuance Facility respectively. The affirmed ratings reflect the commendable positi...

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Wednesday, Jun 11, 2003
M K Land Holdings Berhad’s (M K Land) tranche 1 and tranche 2 serial bonds ratings have been affirmed at A (single A flat)reflecting the relatively strong financial profile and the strength of the underlying issue structure in which secured sales have been earmarked for the redemption of the bond issues. The take-up rates of Damansara Damai (DDamai) and Damansara Perdana (DPerdana) projects, of...

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Wednesday, May 21, 2003
MARC has affirmed the Islamic corporate debt ratings of AAAID (Islamic Debt) to Putrajaya Holdings Sdn Bhd’s (‘PJH’) RM570 million nominal value Bai Bithaman Ajil (BBA) Bonds Issuance Facility (Parcel C) and RM850 million nominal value BBA Bonds Issuance Facility (Parcel D) respectively. The affirmation of PJH’s corporate debt ratings reflects its solid capitalization supported...

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Wednesday, Apr 30, 2003
Malaysian Rating Corporation Berhad (MARC) has reaffirmed the ratings of Midciti Resources Sdn Bhd’s (“Midciti Resources”) 7-year Secured Bai Al-Dayn Commercial Paper/Medium Term Notes Financing Programme with nominal value of up to RM1,000 million at MARC-1ID /AAAID, 8 to 12-year Secured Bai Al-Dayn Bonds with a nominal value of up to RM1,605 million at AAAID and the 13-year Bonds with a no...

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Friday, Apr 25, 2003
MARC has affirmed the long-term Islamic corporate debt rating of A-ID (A minus, Islamic Debt Securities) and short-term Islamic corporate debt rating of MARC-3ID assigned to Europlus Corporation Sdn Bhd’s (ECSB) RM250 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM350 million Murabahah Underwritten Notes Issuance Facility (MUNIF) respectively. The affirmed ratings reflect t...

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