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MARC has withdrawn the MARC-1ID/AID/Stable ratings assigned to Mulpha International Berhad’s (Mulpha) RM25 million Murabahah Commercial Papers/Medium Term Notes (CP/MTN) facility with immediate effect following the cancellation of the programme as confirmed by the facility agent, AmInvestment Bank Berhad. No notes were outstanding under the facility prior to cancellation. MARC will according...
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MARC has withdrawn the MARC-1ID(bg)/AA-ID(bg) ratings assigned to Mulpha International Berhad’s (Mulpha) RM75 million Bank Guaranteed MUNIF with immediate effect following the cancellation of the programme as confirmed by the facility agent, AmInvestment Bank Berhad. There were no notes outstanding under the facility prior to cancellation.With the cancellation of the Bank Guaranteed MUNIF, M...
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MARC has affirmed its bank guaranteed ratings of MARC-1ID(bg)/AA-ID(bg) on Mulpha International Berhad’s (Mulpha) RM75 million Bank Guaranteed Murabahah Notes Issuance Facility (MUNIF). The outlook on the MUNIF ratings has been revised to positive to reflect the revised rating outlook of the lower of the financial institution ratings of AmInvestment Bank Berhad and CIMB Bank Berhad, the guar...
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MARC has affirmed its bank guaranteed ratings of MARC-1ID(bg)/AA-ID(bg) on Mulpha International Berhad’s (Mulpha) RM75 million Bank Guaranteed Murabahah Notes Issuance Facility (MUNIF). The bank guaranteed ratings reflect the lower of the financial institution ratings of AmInvestment Bank Berhad and CIMB Bank Berhad, both of which have provided unconditional and irrevocable bank guarantees i...
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MARC has affirmed its stand alone ratings on Mulpha International Berhad’s (MIB) RM25.0 million Murabahah Commercial Paper/Medium Term Notes (CP/MTN) facility at MARC-1ID/AID and its supported MARC-1ID(bg)/AA-ID(bg) ratings on MIB’s RM75.0 million Bank Guaranteed (BG) Murabahah Notes Issuance Facility (MUNIF). The affirmed BG ratings reflect the lower of the financial institution ratin...
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MARC has upgraded MIB’s short term rating on its RM25.0 million Murabahah Commercial Paper/Medium Term Notes (“CP/MTN”) to MARC-1ID from MARC-2ID while reaffirming its long-term rating on the facility at AID. The upgrade in the short term rating reflects MIB’s improved liquidity position, aided by the proceeds from the disposal of its assets. Its cash reserves balances as a...
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MARC has upgraded Mulpha International Bhd’s (“MIB”) RM75.0 million Bank Guaranteed Murabahah Notes Issuance Facility (“MUNIF”) long-term rating from A+(bg)ID to AA-(bg)ID and has reaffirmed the short-term rating of MARC-1(bg)ID. The ratings reflect the unconditional and irrevocable bank guarantees provided by AmInvestment Bank Berhad and CIMB Bank Berhad. On a separa...
This article has been viewed 968 times.
The affirmed ratings of A+(bg)ID/ MARC-1(bg)ID for Mulpha International Bhd’s (MIB) RM75.0 million Bank Guaranteed Murabahah Notes Issuance Facility (MUNIF) reflect the unconditional and irrevocable bank guarantees provided by AmMerchant Bank Berhad and Southern Bank Berhad; whilst the affirmed ratings of AID/ MARC-2ID for MIB’s RM25.0 million Murabahah Commercial Paper/ Medium Term Notes (CP/...
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MARC has assigned a rating of A+(bg)ID/ MARC-1(bg)ID to Mulpha International Berhad (MIB)’s RM75.0 million Proposed Bank Guaranteed Murabahah Notes Issuance Facility (MUNIF) reflecting the unconditional and irrevocable bank guarantees provided by AmMerchant Bank Berhad and Southern Bank Berhad; whilst the ratings of AID/ MARC-2ID assigned to MIB’s RM25.0 million Proposed Murabahah Commercial P...
This article has been viewed 893 times.