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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 outstanding notes under the programme stood at RM30.0 million as at end-August 2019.
The affirmed rating incorporates BDB’s moderate debt level and the group’s improved business prospects that should lead to a financial turnaround over the ...
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MARC has withdrawn its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 10-year Medium-Term Notes (MTN) Programme. The rating
withdrawal follows the early cancellation of the programme, ahead of its
expiration on June 30, 2020, as confirmed by the facility agent on July 8, 2019.
The...
This article has been viewed 552 times.
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.
UEM Edgenta is majority owned by UEM Group Berhad, a wholly-owned
subsidiary of Khazanah Nasional Berhad with significant business interests in
key economic ...
This article has been viewed 628 times.
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 remains negative.
The affirmed ratings primarily consider the improvement in the volume of work permits issued for foreign workers with the uptrend reflecting moderate success of the government programme to rehire/legal...
This article has been viewed 699 times.
MARC has assigned ratings of MARC-1IS(cg)/AA-IS(cg) to Sunway Treasury Sukuk Sdn Bhd’s (STSSB) RM10.0 billion Sukuk Programme with a stable outlook. STSSB’s Sukuk Programme will carry an Al-Khafalah guarantee from Sunway Berhad (Sunway).
The new Sukuk Programme is expected to replace STSSB’s existing RM2.0 billion Sukuk Programme which MARC had affirmed at MARC-1IS(cg)/AA-IS(cg) on Nov...
This article has been viewed 664 times.
MARC has affirmed its AAAIS rating on MISC Berhad's RM2.5 billion Islamic Medium-Term Notes (IMTN) programme. The outlook on the rating is stable.
MISC is a key subsidiary of the national oil company Petroliam Nasional Berhad (PETRONAS). The affirmed rating benefits from a rating uplift from PETRONAS based on the significant operational and financial integration MISC has with its parent give...
This article has been viewed 500 times.
MARC has affirmed its AA-IS rating on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook.
The rating reflects MMC’s longstanding track record and strong market position in key sectors of the domestic economy namely ports, engineering and utilities. Its ports and utilities divisions which are underpinned by long-term concessions, and its engineer...
This article has been viewed 733 times.
MARC has affirmed its ratings of A+IS and A-IS on DRB-HICOM Berhad’s (DRB-HICOM) Islamic Medium-Term Notes (IMTN) Programme of up to RM1.8 billion and Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion. The two-notch rating differential between the Perpetual Sukuk and the IMTN is in line with MARC’s not...
This article has been viewed 605 times.
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 10-year Medium-Term Notes Programme (MTN-1) and RM800.0 million 15-year Medium-Term Notes Programme (MTN-2). The rating carries a stable outlook. The combined outstanding amount under the programmes, which cannot exceed RM800 million at any time, stood at RM745.0 million as at end-August 2018.
...
This article has been viewed 640 times.
MARC has withdrawn its ratings of AAA(bg) and AAA(fg) on Premier Merchandise Sdn Bhd’s RM300.0 million bank-guaranteed Medium-Term Notes (MTN) Programme and RM300.0 million Danajamin-guaranteed MTN Programme.
The outstanding amount of RM100.0 million under the Danajamin-guaranteed Programme and RM75.0 million under the bank-guaranteed MTN Programme were fully redeemed on July 11, 2018 and ...
This article has been viewed 479 times.