Press Releases - Category: Trading/Services
Displaying 1-10 of 444 results.
Thursday, Sep 23, 2021
MARC has assigned its AA+IS rating to UMW Holdings Berhad’s (UMW) RM2.0 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) and AA-IS rating to UMW’s RM2.0 billion Perpetual Sukuk Programme (Perpetual Sukuk). The two-notch rating differential between the Sukuk Musharakah and Perpetual Sukuk is in line with MARC’s methodology on notching principles of subordinated and hybrid...

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Tuesday, Aug 24, 2021
MARC has lowered its ratings on Alpha Circle Sdn Bhd’s outstanding RM140 million Senior Sukuk Musharakah to BBIS from BBBIS and RM55 million Junior Sukuk Musharakah to BIS from BBIS. The rating action highlights the ongoing challenges surrounding the hire of foreign labour that has remained significantly affected by measures implemented to contain the COVID-19 pandemic. Among these are the ...

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Friday, Aug 13, 2021
MARC has affirmed its short-term rating of MARC-2IS on Bina Darulaman Berhad’s (BDB) RM100.0 million Islamic Commercial Papers (ICP) Programme with a stable outlook. The rating incorporates BDB’s competitive strength to be able to undertake public infrastructure and construction contracts in Kedah, its moderate position as a property developer, its moderate leverage position and adequate ...

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Monday, Jul 19, 2021
MARC has affirmed its AAAIS rating on MISC Berhad’s RM2.5 billion Islamic Medium-Term Notes programme with a stable outlook. The affirmed rating incorporates MISC’s position as a key global player in the energy-related shipping business, its stable revenue generation from long-term liquefied natural gas (LNG) and offshore contracts, as well as its healthy liquidity position. The rating co...

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Monday, May 24, 2021
MARC has lowered its ratings on Alpha Circle Sdn Bhd’s outstanding RM140 million Senior Sukuk Musharakah to BBBIS from AIS and RM55 million Junior Sukuk Musharakah to BBIS from BBBIS. The downgrades reflect increased concerns on Alpha Circle’s ability to meet its remaining sukuk repayments as its cash flow has been substantially impacted by the operational disruption in foreign worker per...

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Monday, Mar 22, 2021
MARC has affirmed its ratings of MARC-1IS /AA-IS on UEM Edgenta Berhad’s Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) under its Sukuk Murabahah programme of up to RM1.0 billion. The ratings outlook remains stable.The affirmed ratings are driven by UEM Edgenta’s strong business and financial profile from long-term contracts in regional healthcare support services and rec...

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Wednesday, Feb 24, 2021
MARC has placed its ratings on Alpha Circle Sdn Bhd’s Senior Sukuk Musharakah of AIS and Junior Sukuk Musharakah of BBBIS on MARCWatch Negative.The rating action follows Alpha Circle’s inability to meet payments totalling RM20.3 million due on February 23, 2021 which has now been extended to March 3, 2021 under an indulgence granted by sukukholders. Alpha Circle’s lack of funds has been attr...

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Thursday, Feb 11, 2021
MARC has lowered its ratings on Alpha Circle Sdn Bhd’s outstanding RM160 million Senior Sukuk Musharakah to AIS from AA-IS, and RM55 million Junior Sukuk Musharakah to BBBIS from AIS. The ratings outlook remains negative.Our rating action is premised on lingering issues related to the foreign labour force in the wake of border closures amid the COVID-19 pandemic. In addition to hampering new for...

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Friday, Dec 18, 2020
MARC has affirmed its AA-IS rating on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook.   MMC’s significant competitive strengths in the engineering, ports and logistics segments that have translated to strong earnings generation remain key rating drivers. This is supported by steady earnings from its energy and utilities segment. These str...

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Monday, Nov 30, 2020
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s RM540 million Senior Sukuk Musharakah and RM55 million Junior Sukuk Musharakah at AA-IS and AIS. The ratings outlook has been revised to negative from stable. The current outstanding of senior sukuk is RM160 million and junior sukuk is RM55 million.Alpha Circle is the funding vehicle of NERS Sdn Bhd, the contractor for the 12-year governmen...

This article has been viewed 269 times.