Displaying 21-30 of 451 results.
Friday, Aug 07, 2020
MARC has affirmed its ratings of A+IS and A-IS on DRB-HICOM’s Sukuk Programme of up to RM3.5 billion and Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion. The ratings outlook has been revised to stable from positive.The affirmed senior sukuk rating is underpinned by our view that DRB-HICOM is better placed to withstand the impact from the COVID-19 pandemic on its fai...
This article has been viewed 436 times.
Friday, Jun 12, 2020
MARC has affirmed its short-term rating of MARC-2IS on Bina Darulaman Berhad’s (BDB) RM100.0 million Islamic Commercial Papers (ICP) Programme. The affirmed rating incorporates BDB’s status as a Kedah state-owned entity that has benefitted from state support in securing contracts for its road building division and facilitating land acquisition for its property division. The rating is cons...
This article has been viewed 331 times.
Wednesday, Apr 08, 2020
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 is stable. The affirmed ratings reflect UEM Edgenta’s strong business and financial profile, stemming mainly from long-term contracts in its growing regional healthcare ...
This article has been viewed 341 times.
Friday, Mar 13, 2020
MARC has affirmed its AA-IS rating on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook. The affirmed rating remains driven by MMC’s significant strength in ports and logistics, engineering, and utilities operations that continue to be steadily strengthened. Underpinned by long-term concessions (ports and utilities) and sizeable government...
This article has been viewed 446 times.
Thursday, Feb 13, 2020
MARC has affirmed its AAAIS rating on MISC Berhad's RM2.5 billion Islamic Medium-Term Notes (IMTN) programme with a stable outlook. The rating affirmation is driven by MISC’s position as a key global player in the energy-related shipping business with a large fleet of shipping vessels, its revenue-generating ability from long-term liquefied natural gas (LNG) and offshore contracts, its mode...
This article has been viewed 395 times.
Wednesday, Jan 15, 2020
MARC AFFIRMS AA-IS AND AIS RATINGS ON ALPHA CIRCLE'S SENIOR AND JUNIOR SUKUK MUSHARAKAH AND REVISES OUTLOOK TO STABLE
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 stable from negative.The outlook revision incorporates the improvement in the volume of foreign worker permits issued since the conclusion of the government-initiated rehiring programme in June 2018. D...
This article has been viewed 477 times.
Wednesday, Dec 18, 2019
MARC has withdrawn its rating of A+IS on DRB HICOM Berhad’s RM1.8 Billion Islamic Medium-Term Notes Programme. The rating withdrawal follows the early redemption of the outstanding amount of RM1.8 billion on December 12 and subsequent cancellation of the programme on December 16, 2019, as confirmed by the facility agent. MARC’s analytical coverage on DRB HICOM is now limited to the fo...
This article has been viewed 484 times.
Wednesday, Dec 11, 2019
MARC ASSIGNS FINAL RATING OF A+IS TO DRB-HICOM’S PROPOSED SUKUK PROGRAMME WITH A NOMINAL VALUE OF UP TO RM3.5 BILLION
MARC has assigned a final rating of A+IS with a positive outlook to DRB-HICOM Berhad’s proposed Sukuk Programme with a nominal value of up to RM3.5 billion. Upon review of the final documentation for the programme, the rating agency is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the earlier preliminary rating of A+IS wa...
This article has been viewed 494 times.
Thursday, Dec 05, 2019
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 15-year Medium-Term Notes (MTN) Programme. The rating carries a stable outlook. The affirmed rating is primarily driven by Sports Toto’s strong and steady cash flow generation and its entrenched market position in the domestic number forecast operator (NFO) gaming sector. The key moderating fac...
This article has been viewed 443 times.
Monday, Nov 04, 2019
MARC ASSIGNS PRELIMINARY RATING OF A+IS TO DRB-HICOM’S PROPOSED ISSUANCE OF UP TO RM3.5 BILLION SUKUK PROGRAMME WITH POSITIVE OUTLOOK
MARC has assigned its rating of A+IS to DRB-HICOM Berhad’s proposed Islamic Medium-Term Notes Programme (Sukuk Programme) with a nominal value of up to RM3.5 billion. The rating outlook is positive. Concurrently, MARC has affirmed its ratings of A+IS and A-IS on DRB-HICOM’s existing Islamic Medium-Term Notes (IMTN) Programme of up to RM1.8 billion and Perpetual Sukuk Musharakah Programme of u...
This article has been viewed 518 times.