MARC has placed Bayu Padu Sdn Bhd’s RM500 million Istisna’ Serial Bonds and RM100 million Murabahah Commercial Papers/Medium Term Notes (MCPs/MMTNs) on MARCWatch Developing. However, the ratings are maintained at A+ID/MARC-1ID.Bayu Padu Sdn Bhd, which is 100% owned by Sapuracrest Petroleum Berhad (“SapuraCrest”) is a special purpose vehicle (“SPV”) incorporated ...

MARC has affirmed the ratings of A+ID and MARC-1ID/A+ID assigned to Bayu Padu Sdn Bhd’s (wholly-owned by SapuraCrest Petroleum Bhd) RM500 million Istisna’ Serial Bonds (“Istisna Bonds”) and RM100 million Murabahah Commercial Papers/ Medium-Term Notes (“MCP/MMTNs”) facilities, which reflect: positive outlook of the oil and gas (“O&G”) industry, es...

MARC has assigned the ratings of A+ID and MARC-1ID/A+ID to Bayu Padu Sdn Bhd’s (wholly-owned by SapuraCrest Petroleum Berhad) Istisna’ Medium Term Notes (Istisna’ MTNs) and Murabahah Commercial Papers/Medium Term Notes (MCP/MMTN) facilities. The ratings reflect SapuraCrest Petroleum Berhad’s (SapuraCrest) competitive position as one of the largest Malaysian-owned integrated services provid...