MARC has reaffirmed its A- rating of Bintang Bulk Mover Sdn Bhd (BBM or the Group) with respect to its RM50 million 5-year secured serial bonds. The rating outlook is stable. The reaffirmed rating reflects BBM’s growing revenue base supported by cement transportation and container haulage businesses and its venture into complementary businesses such as warehousing. Moderating factors include...

MARC has reaffirmed its ratings on Bayu Padu Sdn Bhd’s (“Bayu Padu”) RM500 million Istisna’ Serial Bonds (“Istisna’ Bonds”) and RM100 million Murabahah Commercial Papers/ Medium Term Notes (“MCP/MMTN”) (cumulatively, Islamic debt facilities) at A+ID and MARC-1ID/A+ID respectively. The outlook on the ratings is stable. Bayu Padu is a wholly-owne...

MARC has affirmed the ratings of DRB-HICOM Berhad’s (DRB-HICOM or the Group) RM200.0 million Underwritten Murabahah CP/MTN and RM120.0 million Murabahah CP/MTN facilities at A+ID /MARC-1ID  and RM680.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at A+ID . All ratings have been removed from MARCWatch Developing, where they had been placed October 2007 and assigned a ...

MARC has withdrawn the MARC-1 rating assigned to Radicare (M) Sdn Bhd’s RM49.0 million CP Programme with immediate effect following the full redemption of the facility on 29 November 2007 as confirmed by the facility agent, MIDF Amanah Investment Bank Berhad....

MARC has affirmed the long term rating of Medi Innovation Sdn Bhd’s (MISB) RM100 million Islamic Medium Term Notes Issuance Facility (IMTN facility) at AID and the short and long term ratings of its RM50 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) at MARC-2ID/AID with a Stable Outlook. The ratings of MISB reflect the competi...

MARC has withdrawn its MARC-1ID/AAAID ratings on Kumpulan Sime Darby Berhad’s (formerly known as Sime Darby Berhad) RM1.5 billion Al-Murabahah Commercial Papers/Medium Term Notes (MCP/MMTN) Programme. This action follows the recent novation of Kumpulan Sime Darby Berhad’s MCP/MMTN Programme to Sime Darby Berhad (formerly known as Synergy Drive Berhad), and in respect of which MARC has ...

MARC has affirmed its corporate debt ratings on Scomi Group Bhd (Scomi) and KMCOB Capital Berhad (KMCOB Capital). KMCOB Capital is an indirect wholly-owned subsidiary of Scomi Oilfields Limited (SOL), the investment holding company of Scomi’s oilfield services division, and was established as a special purpose vehicle to issue the RM630.0 million Murabahah Medium Term Notes (MMTN) as part of...

MARC has affirmed its corporate debt ratings on Scomi Group Bhd (Scomi) and KMCOB Capital Berhad (KMCOB Capital). KMCOB Capital is an indirect wholly-owned subsidiary of Scomi Oilfields Limited (SOL), the investment holding company of Scomi’s oilfield services division, and was established as a special purpose vehicle to issue the RM630.0 million Murabahah Medium-Term Notes (MMTN) as part of...

MARC has assigned ‘AAAID/MARC-1ID’ and ‘MARC-1ID’ ratings to the novated RM1.5 billion Murabahah commercial paper/medium term notes programme and RM150 million Murabahah CP programme of Sime Darby Berhad (formerly known as Synergy Drive Berhad) (“SDB”). Arising from the merger of Golden Hope Plantation Berhad (“Golden Hope”), Kumpulan Guthrie Berhad ...

MARC has reaffirmed the short and long term ratings of Mines Resort Berhad’s (MRB) Bank Guaranteed Commercial Papers and Bank Guaranteed Serial Bonds at MARC-1(bg) and AAA(bg) respectively. The reaffirmed ratings reflect the strength of an unconditional and irrevocable guarantee provided by Malayan Banking Berhad (Maybank). The stable ratings outlook mirrors that of Maybank’s.  Ma...