Press Releases - Category: Trading/Services
Displaying 11-20 of 26 results.
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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Monday, Nov 03, 2014
MARC has assigned a preliminary rating of AIS to DRB-HICOM Berhad’s (DRB-HICOM) proposed Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion. Concurrently, the rating agency has affirmed its AA-IS rating on DRB-HICOM’s existing Islamic Medium-Term Notes (IMTN) Programme of up to RM1.8 billion. Both ratings carry a stable outlook.  The two-notch rating di...

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Monday, Dec 23, 2013
MARC has affirmed its rating of AA-IS on DRB-HICOM Berhad’s (DRB-HICOM) RM1.8 billion Islamic Medium Term Notes (IMTN) programme. Concurrently the rating outlook is revised to stable from negative. The outlook revision reflects MARC’s view that the negative pressure on DRB-HICOM’s credit metrics has eased as proceeds from a series of asset sales have been utilised to reduce group...

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Tuesday, Feb 19, 2013
MARC has affirmed the rating of AA-IS on DRB-HICOM Berhad’s (DRB-HICOM) RM1.8 billion Islamic Medium Term Notes (IMTN) programme. The rating outlook is maintained at negative. The affirmed rating considers DRB-HICOM’s asset disposals which give the holding company moderate visibility as to its funding sources for debt servicing requirements over the next two years. MARC’s assessm...

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Monday, Feb 27, 2012
MARC has revised the outlook on DRB-HICOM Berhad's (DRB-HICOM) AA-IS sukuk rating on its RM1.8 billion Islamic Medium Term Notes (IMTN) programme to negative from stable. The outlook revision recognises the potential weakening of DRB-HICOM's near-to-intermediate term financial profile due to its debt-funded acquisition of Proton Holdings Berhad (Proton). DRB-HICOM is acquiring a 42.74% stake in th...

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Wednesday, Nov 23, 2011
MARC has assigned a final rating of AA-IS with a stable outlook to DRB-HICOM Berhad’s RM1,800 million Islamic Medium-Term Notes Programme upon the receipt of final documentation for its forthcoming notes issuance. The terms and conditions of the notes have not changed in any material way from the draft documents on which the earlier preliminary rating of AA-IS was based. Full details on the ...

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Friday, Nov 11, 2011
MARC has assigned a preliminary rating of AA-IS to DRB-HICOM Berhad's (DRB-HICOM) proposed RM1.8 billion Islamic Medium-Term Notes Programme with a stable outlook pending final documentation review.The structure for the issuance of sukuk under the rated programme is based on the Shariah principle of murabahah. In the first leg of the murabahah transaction, DRB-HICOM will purchase Shariah-compliant...

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Tuesday, Jul 29, 2008
MARC has withdrawn the following ratings assigned to DRB-HICOM Berhad’s Islamic Debt Facilities with immediate effect following the full redemption and cancellation of the facilities as confirmed by the facility agent, MIMB Investment Bank Berhad:- - RM200.0 million Underwritten Murabahah CP/MTN rated A+ID / MARC-1ID;- RM120.0 million Murabahah CP/MTN rated A+ID / MARC-1ID and;-&nb...

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Thursday, Feb 07, 2008
MARC has revised its rating outlook on DRB-HICOM Berhad’s (DRB-HICOM) Islamic Debt Securities to positive from developing in connection with DRB-HICOM’s proposed divestment of its 20.2% stake in EON Capital (EONCap) to Primus Pacific Partners Ltd (Primus). This rating action affects the following rated facilities:- -    RM200.0 million Underwritten Murabahah CP/MTN rate...

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Friday, Dec 14, 2007
MARC has affirmed the ratings of DRB-HICOM Berhad’s (DRB-HICOM or the Group) RM200.0 million Underwritten Murabahah CP/MTN and RM120.0 million Murabahah CP/MTN facilities at A+ID /MARC-1ID  and RM680.0 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at A+ID . All ratings have been removed from MARCWatch Developing, where they had been placed October 2007 and assigned a ...

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