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MARC affirms the ratings of Serrisa Sinar Bhd’s (Serrisa Sinar) RM200 million Islamic commercial papers/Islamic Medium Term Notes (ICP/IMTN) (Senior Notes) and RM20 million Junior IMTN (Junior Notes) at MARC-1ID / AAID and AA-ID respectively. The outlook of the ratings is stable. The rating of the Junior Notes reflects its subordination to the Senior Notes in respect of profit payment ...
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MARC has withdrawn its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme. The withdrawal follows the full redemption of all outstanding amounts, and the cancellation of the facility effective July 26, 2013 as confirmed by the facility agent, CIMB Investment Bank Berhad. MARC will cease all analytical coverag...
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MARC has withdrawn its ratings of MARC-1ID/AAID on Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90 million Murabahah Underwritten Notes Issuance (MUNIF)/Islamic Medium Term Notes (IMTN) (collectively referred to as Senior Notes). This follows the full redemption of the RM10 million Senior Notes outstanding on April 19, 2013 and the cancellation of the facility effective May 27, 2013 as ...
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MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme. The rating outlook is revised to stable from negative. The rating action affects the last two outstanding tranches of RM10 million Islamic MTNs which will mature on May 24, 2013 and July 19, 2013. The outlook revision reflects MARC...
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MARC has affirmed its ratings of MARC-1ID/AAID on Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90 million Murabahah Underwritten Notes Issuance (MUNIF)/Islamic Medium Term Notes (IMTN) Facility (Senior Notes) and concurrently upgraded the rating on the RM10 million Junior IMTN Facility (Junior Notes) to AA-ID from A+ID. The outlook on the ratings is stable. The rating action affects RM1...
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MARC has affirmed the rating of Serrisa Sinar Bhd’s (Serrisa Sinar) RM200 million Islamic commercial papers/Islamic medium term notes (ICP/IMTN) (Senior Notes) at MARC-1ID/AAID and upgraded the rating of its RM20 million Junior IMTN (Junior Notes) to AA-ID. The ratings outlook is stable. The rating action affects RM75 million of outstanding notes issued under the programme comprising RM70 mi...
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MARC has affirmed its ratings of MARC-1IS and AAAIS on Pinnacle Tower Sdn Bhd’s (Pinnacle Tower) RM50 million Islamic Commercial Papers (ICP) and RM400 million Islamic Medium Term Notes (IMTN) respectively with a stable outlook. The rating action affects RM285 million of outstanding notes issued under the programme.Pinnacle Tower is a wholly-owned special purpose funding vehicle of Sacofa Sd...
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MARC has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/MediumTerm Notes (Islamic CP/MTN) Programme and revised the outlook to negative from stable. The rating action affects RM20 million of outstanding IMTNs.The outlook revision reflects the slower-than-expected pace of recovery in Symphony's operating performance and its finan...
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MARC has issued an errata notice pertaining to its January 2011 rating announcement and Credit Analysis Report on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes Programme.The rating agency said that an error occurred during the making of its press release on its January 2011 rating action and the publication of the corresponding Credit Analysis Repor...
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MARC AFFIRMS ITS MARC-1ID/AAID AND A+ID RATINGS ON TELE-FLOW CAPITAL SDN BHD ISLAMIC DEBT PROGRAMMES
MARC has affirmed its ratings on special purpose company Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) (Senior Notes) and RM10 million Junior Islamic Medium Term Notes (Junior Notes) at MARC-1ID /AAID and A+ID respectively. The rating outlook is stable. The rating action affects RM25 million ...
This article has been viewed 1311 times.