The rating of MK Land Holdings Berhad’s (MK Land) tranche 1 and tranche 2 serial bond ratings have been downgraded to A premised on the the vulnerability of its projects to the developments in the local property market, lower than expected take up rates of its recent launches in Damansara Damai (DDamai) and Damansara Perdana (DPerdana), and the company’s declining profitability and margins. T...

MARC has upgraded the rating of MK Land Holdings Berhad’s (MK Land) RM150 Million Nominal Value of 3,5 and 7 year bonds with 142.1 million warrants (2001-2008) – Tranche 1 and RM150 Million Nominal Value of 3,5 and 7 year bonds with 142.1 million warrants (2002-2009) – Tranche 2; from A to A+. This is based upon the company’s excellent business position, its strong financial position and ...

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...

MARC has raised the ratings on MK Land Berhad’s (MK Land) tranche 1 and tranche 2 serial bonds to A from A-. The upgrades reflect the group’s ability to improve its financial profile and the strength of the underlying issue structure in which secured sales have been earmarked for the redemption of the bond issues. Positive features of the issue structure include a minimum security coverage of ...

Corporate Debt Ratings:(i) Proposed Issue of Up to RM150 Million Nominal Value of Redeemable Secured Bonds With up to 142.1 Million Warrants (2001/2008) – Tranche 1 A-(ii) Proposed Issue of Up to RM150 Million Nominal Value of Redeemable Secured Bonds With up to 142.1 Million Warrants (2001/2008) – Tranche 2 A-Malaysian Rating Corporation Berhad (MARC) has assigned long-term ratings of A-...