Press Releases - Category: Trading/Services
Displaying 51-60 of 436 results.
Wednesday, Mar 15, 2017
MARC has assigned preliminary ratings of MARC-1IS/AA-IS to UEM Edgenta Berhad’s (UEM Edgenta) Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) under its Sukuk Murabahah Programme (Sukuk Murabahah) of up to RM1.0 billion. The outlook on the ratings is stable. UEM Edgenta’s long-term ratings are underpinned by MARC’s assessment of parental support from UEM Group Berhad. Th...

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Friday, Feb 24, 2017
MARC has affirmed its AAA(bg) rating on Boustead Holdings Berhad’s (Boustead) RM1.0 billion Bank-Guaranteed Medium-Term Notes (BG MTN) programme with a stable outlook. The rating reflects the credit strength of the syndicated bank guarantee facility provided by OCBC Bank (Malaysia) Berhad (OCBC Malaysia), Public Bank Berhad (Public Bank), Malayan Banking Berhad (Maybank) and The Bank of Ea...

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Wednesday, Feb 08, 2017
MARC has affirmed its ratings of MARC-1IS/AAAIS and AAIS on Sime Darby Berhad’s (Sime Darby) Islamic Commercial Paper/Islamic Medium-Term Note (ICP/IMTN) Programme with a combined limit of RM4.5 billion and Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion respectively. The two-notch rating differential between the Perpetual Sukuk and IMTN is in line with MARC’s ...

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Tuesday, Jan 10, 2017
MARC has withdrawn its AA-(cg) and AA-IS(cg) ratings with a negative outlook on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Medium-Term Notes Programmes respectively. There are currently no outstanding issuances under the rated programmes, which are currently in the process of being cancelled by the issuer. MARC’s ratings withdrawal is at the...

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Friday, Jan 06, 2017
MARC has affirmed its AAA(fg) rating on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320.0 million with a stable outlook. The rating and outlook reflect the unconditional and irrevocable financial guarantee provided by Danajamin Nasional Berhad (Danajamin), which carries MARC’s insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1. As at e...

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Friday, Jan 06, 2017
MARC has affirmed its ratings on Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) at AA-IS and AIS respectively with a stable outlook. The two-notch rating differential reflects the subordination of the Junior Sukuk to the Senior Sukuk in terms of payment and security. As at end-November 2016, the ...

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Wednesday, Dec 14, 2016
MARC has affirmed its rating of AA-IS with a stable outlook on MMC Corporation Berhad’s (MMC) RM1.5 billion Sukuk Murabahah Programme (Sukuk Murabahah). The rating affects the outstanding sukuk of RM1.3 billion issued as at November 30, 2016. The affirmed rating is driven by MMC group’s sizeable business operations and strong competitive position in three key businesses namely port and ...

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Friday, Dec 09, 2016
MARC has affirmed its AAA(bg) and AAA(fg) ratings on Premier Merchandise Sdn Bhd’s (Premier Merchandise) RM300 million 7-year Medium-Term Notes (MTN) Programme (Tranche 1) and RM300 million 9-year MTN Programme (Tranche 2) respectively with a stable outlook. Tranche 1 and Tranche 2 are guaranteed by Malayan Banking Berhad (Maybank) and Danajamin Nasional Berhad (Danajamin) respectively, and th...

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Wednesday, Nov 23, 2016
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million Medium-Term Notes Programme (MTN) with a stable outlook. The rating is primarily driven by Sports Toto’s strong and steady cash flow generation and its entrenched market position in the oligopolistic domestic gaming industry. Constraining rating factors are regulatory risk due to a periodic gam...

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Thursday, Oct 20, 2016
MARC is issuing this update on Sime Darby Berhad (Sime Darby) following the group’s recent asset disposals and share placement exercise, in line with its announced deleveraging exercise. The group has made steady progress in utilising the proceeds from the exercise to pare down its borrowings which rose sharply following the acquisition of New Britain Palm Oil Limited for RM6.0 billion in March...

This article has been viewed 580 times.