Displaying 81-90 of 453 results.
Friday, Nov 27, 2015
MARC AFFIRMS ITS AAA(BG) AND AAA(FG) RATINGS ON PREMIER MERCHANDISE SDN BHD’S RM600 MILLION MTN PROGRAMME
MARC has affirmed its AAA(bg) and AAA(fg) ratings on Premier Merchandise Sdn Bhd’s (Premier Merchandise) RM300 million 7-year bank-guaranteed Medium-Term Notes (MTN) Programme (Tranche 1) and RM300 million 9-year Danajamin-guaranteed MTN Programme (Tranche 2) respectively. The outlook for the ratings is maintained at stable. The ratings are underpinned by the credit strength of the unconditiona...
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Friday, Nov 27, 2015
MARC AFFIRMS AA- RATING ON SPORTS TOTO MALAYSIA SDN BHD’S MEDIUM-TERM NOTES (IMTN) PROGRAMME; OUTLOOK STABLE
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 cash flow generation from its Numbers Forecasting Operations (NFO) and its entrenched market position in the domestic gaming industry. The rating is constrained by the periodic licens...
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Wednesday, Oct 28, 2015
MARC has maintained its AA-IS rating with a stable outlook on MMC Corporation Berhad’s (MMC) RM1.5 billion Sukuk Murabahah Programme following its assessment on the impact of the debt-funded acquisition of NCB Holdings Berhad (NCB) on the group. MARC’s rating action has taken into account MMC’s deleveraging plan over the near term to address the spike in group borrowings and leverage levels...
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Tuesday, Sep 22, 2015
MARC ASSIGNS RATING OF AA-IS TO MMC CORPORATION BERHAD’S PROPOSED RM1.5 BILLION SUKUK MURABAHAH PROGRAMME; OUTLOOK STABLE
MARC has assigned a rating of AA-IS with a stable outlook to MMC Corporation Berhad’s (MMC) proposed notes issuance of up to RM1.5 billion under a Sukuk Murabahah Programme (Sukuk Murabahah). The bulk of the proceeds from the proposed programme will be largely utilised to refinance MMC’s existing borrowings at the holding company level. MMC is mainly an investment holding company whose k...
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Wednesday, Apr 15, 2015
MARC has affirmed its MARC-1ID/AAAID ratings on Sime Darby Berhad’s (Sime Darby) RM4.5 billion Islamic Medium-Term Notes Programme (IMTN Programme) and RM500.0 million Islamic Commercial Papers (ICP) with a combined limit of RM4.5 billion (ICP/IMTN Programme). The outlook on the ratings is stable. MARC’s rating affirmation takes into consideration the challenging operating environment ...
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Monday, Apr 13, 2015
MARC has affirmed its AAAID rating on MISC Berhad's (MISC) RM2.5 billion Islamic Medium-Term Notes (IMTN) programme. The outlook on the rating is stable. The rating incorporates significant rating uplift from MISC’s standalone credit profile based on the rating agency’s assessment of very strong parental support from Petroliam Nasional Berhad (PETRONAS). In assessing parental support,...
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Tuesday, Mar 31, 2015
MARC AFFIRMS ITS AAA(BG) RATING ON BOUSTEAD HOLDINGS BERHAD'S RM1.0 BILLION BANK-GUARANTEED MTN PROGRAMME
MARC has affirmed its rating on Boustead Holdings Berhad’s (Boustead) RM1.0 billion Bank-Guaranteed Medium-Term Notes (BG MTN) programme at AAA(bg) 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 ...
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Tuesday, Mar 03, 2015
MARC has withdrawn its AA-IS rating on Weststar Capital Sdn Bhd’s RM900 million Sukuk Mudharabah Programme. The rating withdrawal follows the early redemption and subsequent cancellation of the Sukuk Mudharabah Programme on February 27, 2015 as confirmed by the facility agent.Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on the issuer.Contacts: Koh ...
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Friday, Dec 19, 2014
MARC has assigned a final rating of AIS to DRB-HICOM Berhad’s (DRB-HICOM) Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion. The outlook for the rating is stable. 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 docume...
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Tuesday, Dec 09, 2014
MARC AFFIRMS ITS AA-IS AND AIS RATINGS ON ALPHA CIRCLE’S RM540 MILLION SENIOR AND RM55 MILLION JUNIOR SUKUK MUSHARAKAH
MARC has affirmed the ratings of AA-IS and AIS on funding vehicle Alpha Circle Sdn Bhd’s (Alpha Circle) RM540 million Senior Sukuk Musharakah (Senior Sukuk) and RM55 million Junior Sukuk Musharakah (Junior Sukuk) respectively under a Sukuk Musharakah programme. The ratings carry a stable outlook. The two-notch rating differential between the Senior Sukuk and the Junior Sukuk reflects the la...
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