MARC has withdrawn the A+ ID rating assigned to MHS Aviation Berhad’s RM140 million Al-Bai Bithaman Ajil Junior Notes with immediate effect following the full redemption of the notes on December 27, 2007 as confirmed by the facility agent, United Overseas Bank (Malaysia) Berhad....

MARC has reaffirmed its A+ID  rating of MHS Aviation Berhad’s (MHSA) RM140 million Junior Notes Issue (JNs). The rating outlook is developing. The rating reflects MHSA’s position as the only licensed provider of offshore oil and gas helicopter support services in Malaysia. The rating recognises that despite MHSA’s declining profitability since 2003, its debt protection measu...

On 5 October 2006, MARC received confirmation from Malaysian Trustees Berhad that MHS MHSA had fully redeemed its RM60 million BaIDS on 3 September 2006. As such, MARC no longer has any rating obligation on the BaIDS, and hereby withdraws the rating of AAID (AA Flat, Islamic Debt)....

MARC has removed MHS Aviation Berhad’s (MHSA) A+ID rating on its RM140 million Junior Notes Issue (JNs) from MARCWatch Developing, and affirmed the rating with a Stable Outlook.The rating was placed on MARCWatch Developing on November 8, 2006 due to initial concerns that the grounding of MHSA’s three Super Puma helicopters under charter to Exxon Mobil Exploration & Production Malay...

Following the crash involving the Super Puma helicopter chartered out to Exxon Mobil Exploration and Production Malaysia Inc (EMEPMI) last Sunday, 5 November 2006, the remaining three MHS Aviation Berhad’s (MHSA) Super Puma helicopters used for EMEPMI’s operations have been grounded, pending investigation. This was the second incident involving MHSA’s Super Puma helicopters used ...

The rating reaffirmation of AAID for MHS Aviation Berhad’s (MHSA) Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) reflects the company’s continued dominant position in the provision of aviation services to the oil and gas industry supported by its favourable outlook and strong cash flow protection to the bondholders derived from the substantial contractual revenues and monies deposited in...

MARC has reaffirmed the rating of AAID for MHS Aviation Berhad’s (MHSA) Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS). The reaffirmation reflects the company’s continued dominant position in the provision of aviation services to the oil and gas industry, favourable outlook prevailing in the oil and gas industry and strong cash flow protection to the bondholders derived from the high pro...

The rating affirmation of AAID for MHS Aviation Berhad’s (MHSA) Al-Bai Bithaman Ajil Islamic Serial Debt Securities (BaIDS) reflects the company’s continued dominant position in the provision of aviation services, as underlined by its ability in providing services that meet the demand for high safety standards by domestic oil and gas companies. MHSA’s exceptional track record is evident from...

Malaysian Rating Corporation Berhad (MARC) has assigned a long term rating of AA ID (Double A flat Islamic Debt) and A+ ID (Single A plus Islamic Debt) in respect of MHS Aviation Berhad’s (MHSA) (formerly known as MHS Aviation Sdn Bhd) proposed RM60 million Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) and RM140 million Nominal Value Junior Notes Issue (JNs) respectively. The rating of ...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed the MARC-1 (bg) short term rating in respect of MHS Aviation Sdn Bhd’s (MHSA) RM70 million Guaranteed Revolving Underwritten Facility (GRUF). The reaffirmation of the rating reflects the unconditional and irrevocable guarantee provided by Malayan Banking Berhad that considerably enhances the credit rating of the GRUF beyond that of MHSAâ...