MARC has affirmed its rating on Trinity Corporation Berhad’s (Trinity) outstanding RM92.8 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDs) at B-ID. The outlook is revised to stable from negative. The affirmed rating reflects Trinity’s weak business and financial profile arising from the group’s restricted ability to undertake new development projects and its co...

MARC has removed its rating on Trinity Corporation Berhad’s (Trinity) outstanding RM93.9 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDS) from MARCWatch Negative and concurrently downgraded the rating to B-ID from B+ID. The lowering of the rating reflects continuing uncertainty related to unresolved cross-default issues at the property developer which places the Settlement...

MARC continues to maintain the rating of B+ID on Trinity Corporation Berhad’s (Trinity) outstanding RM93.9 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDS) on MARCWatch Negative where it was first placed on May 25, 2012. MARC’s rating action is based on the potential cross-default risk on the Settlement BaIDS following the default of Trinity’s wholly-owned subs...

MARC has lifted the suspension of its rating of B+ID on Trinity Corporation Berhad’s (Trinity) outstanding RM95.1 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDS) and placed the rating on MARCWatch Negative.Since MARC announced the suspension of Trinity’s rating on February 27, 2012, the rating agency has received pertinent information on Trinity from the company&rsq...

MARC has suspended its B+ID rating on Trinity Corporation Berhad's (Trinity) Settlement Bithaman Ajil Islamic Debt Securities (Settlement BaIDS) following Trinity’s failure to provide important information for the rating agency to carry out its rating surveillance. The outstanding amount of the Settlement BaIDS stands at RM98.2 million as of February 24, 2012.MARC is unable to carry out its ...