Displaying 71-80 of 458 results.
Friday, Jan 06, 2017
MARC AFFIRMS AA-IS AND AIS RATINGS ON ALPHA CIRCLE’S RM540 MILLION SENIOR AND RM55 MILLION JUNIOR SUKUK MUSHARAKAH RESPECTIVELY
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 AFFIRMS ITS RATING OF AA-IS ON MMC CORPORATION BERHAD’S RM1.5 BILLION SUKUK MURABAHAH PROGRAMME
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...
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Thursday, Sep 08, 2016
MARC has downgraded its rating on DRB-HICOM Berhad’s (DRB-HICOM) Islamic Medium-Term Notes (IMTN) Programme of up to RM1.8 billion to A+IS from AA-IS. Concurrently, the rating agency has lowered the rating on the Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion to A-IS from AIS. The outlook on all ratings has been revised to stable from negative. The rating actions ...
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Monday, Jun 13, 2016
MARC has withdrawn its rating of DID on Malaysian Merchant Marine Berhad’s (MMM) RM120.0 million Al Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). The rating withdrawal follows the cancellation of the BaIDS programme on June 10, 2016, as confirmed by the facility agent. In MARC’s last rating action on April 2, 2010, the rating was downgraded to DID following MMM’s failure to mee...
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Friday, May 20, 2016
MARC has withdrawn its ratings of MARC-1(cg) and MARC-1ID(cg) on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) short-term debt programmes due to the expiration of the Conventional and Islamic Commercial Paper (CP and ICP) components of the combined RM3.5 billion programmes. The CP and ICP programmes were part of Tesco Malaysia’s RM3.5 billion CP and ICP, and Medium-Term Notes and Islamic...
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Monday, Mar 28, 2016
MARC AFFIRMS ITS AAAID RATING ON MISC BERHAD’S ISLAMIC MEDIUM-TERM NOTES PROGRAMME OF UP TO RM2.5 BILLION
MARC has affirmed its AAAID rating on MISC Berhad's RM2.5 billion Islamic Medium-Term Notes (IMTN) programme. The outlook on the rating is stable. The rating incorporates a three-notch rating uplift from MISC’s standalone rating based on MARC’s assessment of very strong parental support from Petroliam Nasional Berhad (PETRONAS) which carries a AAA/stable rating from the rating agency. The sup...
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Monday, Mar 14, 2016
MARC ASSIGNS FINAL RATING OF AAIS TO SIME DARBY BERHAD’S RM3.0 BILLION PERPETUAL SUBORDINATED SUKUK PROGRAMME; OUTLOOK NEGATIVE
MARC has assigned a final rating of AAIS to Sime Darby Berhad’s (Sime Darby) RM3.0 billion Perpetual Subordinated Sukuk Programme (Perpetual Sukuk). The rating outlook is negative. Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the Perpetual Sukuk have not changed in any material way from the draft documentation on which the earli...
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