The upgrade of Sunrise Berhad’s (Sunrise) long-term rating of AID to A+ID reflects the company’s position as an established and successful condominium developer, evident from its signature development in Mont’Kiara (MK); strong financial position coupled with promising cash flow generation capacity, going forward. The short term rating has been maintained at MARC-2ID. Sunrise’s rating upgr...

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...

Malaysian Rating Corporation Berhad (MARC) has assigned a rating of AID (single A flat, Islamic Debt) to Sunrise Berhad’s (Sunrise) RM100.0 million Bai’ Bithaman Ajil Notes Issuance Facility and AID / MARC-2ID ratings to the RM70.0 million Islamic Medium Term Notes and Murabahah Notes Issuance Facility respectively. The rating reflects the commendable position of Sunrise as a reputable and aw...