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MARC has withdrawn its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (CP/MTN) Programme.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 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-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 has affirmed its ratings of MARC-2ID/AID on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes (Islamic CP/MTN) Programme with a stable outlook. The rating action affects RM35 million of outstanding Islamic MTNs.Symphony is a holding company. Through its subsidiaries, the company provides business process outsourcing (BPO) services, cheque processin...
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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 (Islamic CP/MTN) Programme. The outlook on the ratings is stable. The affirmed ratings reflect the strong niche competitive positions of the leading domestic provider of business process outsourcing (BPO) services, the stability of its BPO earnings a...
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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 (Islamic CP/MTN) Programme. The ratings carry a stable outlook. The affirmed ratings reflect Symphony’s dominance in the domestic market position in providing outsourced business process, the positive growth prospects of its business process ...
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MARC has affirmed the ratings of MARC-2ID/AID to Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Papers/Medium-Term Notes (CP/MTN) Programme. The ratings carry a developing outlook. The affirmed ratings are based on the average business risk profile of Symphony, in particular that of its main earnings contributor, Business Process Outsourcing (BPO) operations, and the p...
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MARC is of the view that the proposed disposals of Symphony Global Sdn Bhd (SGSB), Symphony Global Technologies Sdn Bhd (SGT) and Symphony Capital Sdn Bhd (SCSB) has no immediate impact to the corporate debt ratings of Symphony House Berhad’s (SHB) RM100 million Islamic Commercial Paper/Medium Term Notes (CP/TMN) at MARC-2ID/AID. SHB had announced on 27 February 2007, that it intends to disp...
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MARC has assigned the ratings of MARC-2ID/AID to Symphony House Berhad’s (Symphony) RM100.0 million Islamic Commercial Paper/Medium-Term Notes (CP/MTN) Programme. The ratings reflect, amongst others, Symphony’s cashflow generating capabilities supported by a healthy mix in various business segments; the growth potential of Symphony’s Business Process Outsourcing (BPO) services, v...
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