MARC has affirmed Utusan Melayu (Malaysia) Berhad’s corporate debt rating at MARC-3, reflecting the latter’s continued leading position, particularly in the Malay language daily and its improved financial performance. The rating is however moderated by the sensitivity of Utusan’s financial profile to changes in newsprint price, circulation figures and advertising revenue. The publishing & d...

MARC’s reaffirmation of MHS Aviation Sdn Bhd’s (MHSA) rating reflects the unconditional and irrevocable guarantee provided by Malayan Banking Berhad that considerably enhances the credit rating of the Guaranteed Revolving Underwritten Facility (GRUF) beyond that of MHSA’s stand-alone risk profile.MARC has nonetheless taken into consideration the unique interdependency of the company’s oper...

Malaysian Rating Corporation Berhad (MARC) has assigned ratings of MARC-1/AAAID to Malaysia International Shipping Corporation Berhad’s (MISC) RM1.5 billion Murabahah Commercial Paper/Medium Term Notes Programme (2000/2005) respectively. The ratings reflect strong and stable earnings from its predominantly low-risk business of LNG shipping, good profitability record, strong cash flow position, ...

Malaysian Rating Corporation Berhad (MARC) has assigned a short-term rating of MARC-1ID and a long-term rating of AID to Bumi Armada Navigation Sdn Bhd’s (BAN) RM80.0 million Murabahah Notes Issuance Facility and/or Medium-Term Notes. BAN’s ratings reflect the company’s good competitive position in the area of providing marine transportation, tanker operations and support services for the o...