MARC has affirmed the rating of A+ with Stable Outlook to Petra Perdana Berhad’s (Petra) issuance of up to equivalent RM800 million Dual Currency Revolving Financing Facility comprising RM400 million Nominal Value Secured Serial Bonds (“Bonds”) under Tranche 1 and up to RM400 million Dual Currency Revolving Financing Facility under Tranche 2. The rating reflects the Group’s...

MARC said today that its ratings in relation to the following Issuances are not affected by Jebel Ali Free Zone International’s (JAFZI) withdrawal from the operation and management of the Port Klang Free Zone (PKFZ):Special Port Vehicle Bhd - RM1,310.0 million nominal amount asset-backed serial bonds; Transhipment Megahub Bhd - RM1,095.0 million bonds and up to RM360.0 million of Commercial ...

MARC has lifted the MARCWatch Developing placed on Bayu Padu Sdn Bhd’s (“Bayu Padu”) A+ID/MARC-1ID rated RM500 million Istisna’ Bonds and RM100 million Murabahah Commercial Papers/Medium-Term Notes (“MCP/MMTN”). Bayu Padu is a wholly-owned special purpose vehicle of SapuraCrest Petroleum Berhad (“SapuraCrest”) incorporated to facilitate the issuance ...

MARC has reaffirmed the ratings of Sime Darby Berhad’s (Sime Darby) RM1,500 million Al-Murabahah Commercial Papers/ Medium-Term Notes (MCP/MMTN) Programme at MARC-1ID/AAAID. The outlook of the ratings has been revised from stable to developing. The ratings reflect the strong financial condition of the Group characterised by a profitability record that is high by domestic standards which, in ...

MARC has assigned ratings of A+ID/MARC-2ID to Capable Aspect Sdn Bhd’s (CASB) proposed issuance of up to RM40 million Islamic Medium-Term Notes Issuance Facility/ Murabahah Underwritten Notes Issuance Facility (‘IMTN/MUNIF) respectively. The ratings carry a stable outlook. The ratings for CASB, a holding company, principally reflect the projected financial and credit profile of Sinagam...

The rating of BB- accorded to Olympia Industries Berhad’s (“OIB”) RM137,124,246 nominal value of Redeemable Unsecured Loan Stocks (“RULS”) reflects the risks associated with the implementation of the Group’s restructuring scheme. The rating carries a stable outlook.OIB is involved in property investment, construction, stock broking and lotteries/number forecast....

MARC said today that its AA-ID (cg) rating on KCB’s RM630 million Murabahah Medium Term Notes (MMTN) is not affected by Scomi Group Berhad’s (Scomi) announcement of a proposed divestment of 19.9% in the respective classes of the share capital in Scomi Oilfield Limited (Scomi Oilfield) to Standard Chartered Private Equity Limited for a total cash consideration of USD99.50 million.KCB is...

MARC said today that its AA- rating on SGB is not affected by the company’s recent announcements in relation to the following:SGB’s share sale agreement with MTrans Transportation Corp Sdn Bhd (MTC) to acquire 10,400,002 ordinary shares in MTrans Transportation Systems Sdn Bhd (MTrans), representing 40% of the issued and paid-up share capital of MTrans from MTC, for a total purchase co...

MARC has assigned a short term rating of MARC-1ID  to Straight A’s Portfolio Sdn Bhd’s (“SAP”) RM200 Million Murabahah Underwritten Notes Issuance Facility (“MUNIF”) with stable outlook. SAP is a special purpose vehicle (“SPV”) company formed by Oil-Line Engineering & Associates Sdn Bhd (“OLEA”) incorporated for the purpose of se...

On 5 October 2006, MARC received confirmation from Malaysian Trustees Berhad that MHS MHSA had fully redeemed its RM60 million BaIDS on 3 September 2006. As such, MARC no longer has any rating obligation on the BaIDS, and hereby withdraws the rating of AAID (AA Flat, Islamic Debt)....