Press Releases - Category: Trading/Services
Displaying 121-130 of 464 results.
Friday, Dec 27, 2013
MARC has affirmed the rating of AA-ID on Bayu Padu Sdn Bhd’s (Bayu Padu) RM500 million Istisna’ Serial Bonds (Istisna' Serial Bonds) with a stable outlook. The rating action affects RM130 million of outstanding Istisna' Serial Bonds. Bayu Padu is a special purpose funding entity of SapuraKencana Petroleum Berhad (SapuraKencana). SapuraKencana is one of the world’s largest integra...

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Monday, Dec 23, 2013
MARC has affirmed its rating of AA-IS on DRB-HICOM Berhad’s (DRB-HICOM) RM1.8 billion Islamic Medium Term Notes (IMTN) programme. Concurrently the rating outlook is revised to stable from negative. The outlook revision reflects MARC’s view that the negative pressure on DRB-HICOM’s credit metrics has eased as proceeds from a series of asset sales have been utilised to reduce group...

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Monday, Dec 09, 2013
MARC has withdrawn its A+IS(cg)  rating on KMCOB Capital Berhad’s (KMCOB) RM343.1 million Sukuk Murabahah Medium Term Notes (MTN) programme with immediate effect. The rating withdrawal follows the early redemption and full settlement of the programme on December 6, 2013 as confirmed by the facility agent, Hong Leong Investment Bank Berhad. MARC’s analytical coverage on KMCOB is no...

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Wednesday, Nov 27, 2013
MARC has withdrawn its AA-ID  and  AID ratings on Alpha Circle Sdn Bhd’s (Alpha Circle) RM345.0 million Senior Musharakah Medium Term Notes (MMTN) and RM35.0 million Junior MMTNs respectively with immediate effect. The rating withdrawals follow the early redemption of the outstanding RM315.0 million Senior MMTNs and RM35.0 million Junior MMTNs on November 19, 2013 as confirmed by t...

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Tuesday, Nov 19, 2013
MARC has assigned a final rating of AAA(fg) to KMCOB Capital Berhad’s (KMCOB Capital) Guaranteed Serial Bonds of up to RM320 million (Guaranteed Serial Bonds) with a stable outlook. Upon review of the final documentation of the forthcoming bond issuance, MARC is satisfied that the terms and conditions of the Guaranteed Serial Bonds have not changed in any material way from the draft document...

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Monday, Nov 11, 2013
MARC has assigned final ratings of AA-IS and AIS to Alpha Circle Sdn Bhd’s (Alpha Circle) RM540.0 million Senior Sukuk Musharakah and RM55.0 million Junior Sukuk Musharakah respectively under the Sukuk Musharakah programme. The outlook on the ratings is stable.Upon the receipt of the final documentation of the forthcoming issuance, MARC is satisfied that the terms and conditions of the Sukuk...

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Tuesday, Oct 29, 2013
MARC has issued this rating update as part of its ongoing surveillance process on its A+IS(cg) rating/Negative outlook on KMCOB Capital Berhad’s (KMCOB) Sukuk Murabahah Medium Term Notes programme (Sukuk Murabahah). Since MARC’s last rating action on KMCOB’s Sukuk Murabahah on April 9, 2013, the company has proposed to issue guaranteed serial bonds of up to RM320 million, to whic...

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Monday, Oct 28, 2013
MARC has affirmed its AAA(bg) and AAA(fg) ratings on investment holding company Premier Merchandise Sdn Bhd’s (Premier Merchandise) RM300 million seven-year bank-guaranteed Medium Term Notes (MTN) Programme (Tranche 1) and RM300 million nine-year Danajamin-guaranteed MTN Programme (Tranche 2) respectively. The outlook for both ratings is maintained at stable.The rating assigned on Tranche 1 ...

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Friday, Oct 25, 2013
MARC has affirmed the AAAID(s) rating on Sarawak Specialist Hospital & Medical Centre Sdn Bhd’s (SSHMC) outstanding RM61 million Istisna’ Serial Bonds with a stable outlook. The rating is underpinned by the irrevocable and unconditional obligation of the Sarawak State Government, via its State Financial Secretary Inc (SFS), to meet the repayment of the bonds under a redeemable pref...

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Wednesday, Oct 23, 2013
MARC has assigned preliminary ratings of AA-IS and AIS on special purpose company Alpha Circle Sdn Bhd’s (Alpha Circle) proposed RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) respectively under the Sukuk Musharakah programme. The ratings carry a stable outlook. The two-notch rating differential between the Senior Sukuk and the Ju...

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