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MARC has withdrawn its AAAID(bg) rating on Horizon Hills Development Sdn Bhd’s Islamic Bank-Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million. The rating withdrawal follows the final redemption of RM30 million IMTN on August 12, 2016 and the expiration of the IMTN Programme on August 15, 2016, as confirmed by the facility agent.
Upon the withdrawal of the rating, MARC wil...
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MARC has affirmed its rating of AAAID(bg) on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank-Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million with a stable outlook. The affirmed rating on the IMTN Programme reflects the credit quality of the unconditional and irrevocable guarantee provided by Public Bank Berhad (PBB) on which MARC has a public information ra...
This article has been viewed 1031 times.
MARC has affirmed its ratings of AAAID(bg) on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank-Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million with a stable outlook. The affirmed rating on the IMTN Programme reflects the credit quality of the unconditional and irrevocable guarantee provided by Public Bank Berhad (PBB) on which MARC has a public informati...
This article has been viewed 1043 times.
MARC has withdrawn its rating of MARC-1ID(S) on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Commercial Papers (ICP) Programme of up to RM70.0 million. The rating withdrawal follows the maturity of the facility on June 13, 2014 and subsequent cancellation as confirmed by the facility agent. MARC’s analytical coverage on Horizon Hills is now limited to the Islamic Bank-Gu...
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MARC has affirmed its ratings of AAAID(bg) and MARC-1ID(s) on property developer Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium Term Notes (IMTN) Programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million respectively. The ratings carry a stable outlook. The affirmed rating on the IMTN Programme is based on the unc...
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MARC has affirmed its AAAID(bg) and MARC-1ID(s) ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium Term Notes (IMTN) Programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million respectively. The ratings carry a stable outlook. Horizon Hills is jointly-owned by UEM Land Berhad (UEM Land) and Gamuda Berhad (Gam...
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MARC has affirmed its ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium-Term Notes (IMTN) programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million at AAAID(bg) and MARC-1ID(s) respectively. The IMTN programme is unconditionally and irrevocably guaranteed by Public Bank Berhad. The AAA rating on the IMTN p...
This article has been viewed 1231 times.
MARC has resolved its MARCWatch Developing placements of Sunrise Berhad's (Sunrise) and Horizon Hills Development Sdn Bhd's (Horizon Hills) respective debt ratings upon the former becoming a wholly-owned subsidiary of UEM Land Holdings Berhad (ULHB). Horizon Hills is a 50:50 joint venture between ULHB’s wholly-owned subsidiary UEM Land Berhad (UEM Land) and Gamuda Berhad (Gamuda).The ratings...
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MARC is placing the following ratings on Sunrise Berhad (Sunrise) and Horizon Hills Development Sdn Bhd (Horizon Hills) on MARCWatch Developing following a conditional takeover bid for Sunrise by UEM Land Holdings Berhad (UEM Land):Sunrise's A+ID rating on its RM400 million Islamic Medium Term Notes (IMTN) Programme; andHorizon Hills' MARC-1ID(s) rating on its RM70 million Islamic Commercial Paper...
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MARC has affirmed its ratings on Horizon Hills Development Sdn Bhd’s (Horizon Hills) Islamic Bank Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million and Islamic Commercial Papers (ICP) Programme of up to RM70 million at AAAID(bg) and MARC-1ID(s) respectively. The ratings carry a stable outlook. The IMTN benefits from an unconditional and irrevocable guarantee by Public Bank...
This article has been viewed 1301 times.