MARC has withdrawn its ratings of MARC-1/A+ on Radicare (M) Sdn Bhd’s RM100 million CP/MTN Programme. The rating withdrawal follows the early redemption of the outstanding notes on August 30, 2012 and cancellation of the facility on November 28, 2012 as confirmed by its facility agent, MIDF Amanah Investment Bank Berhad.Contact: Nisha Fernandez. +603-2082 2269/ nisha@marc.com.my...

MARC has affirmed the ratings on Radicare Sdn Bhd’s (Radicare) RM100 million CP/MTN facility at MARC-1/A+. The rating outlook is revised to stable from negative. The rating action incorporates the indefinite extension of Radicare’s concession agreement (CA) granted by the Malaysian government after the expiry of a six-month extension in April 2012. The extension which will be in force ...

MARC has removed its MARC-1/A+ ratings on Radicare Sdn Bhd’s RM100 million CP/MTN facility from MARCWatch Negative following a six-month extension of its hospital support services concession which expired on October 28, 2011. The recent extension has alleviated near-term downward pressure on the company’s debt rating. Radicare’s issue ratings are affirmed at MARC-1/A+ with a nega...

MARC has removed its rating of A+ on Radicare Sdn Bhd’s (Radicare) RM50 million MTN facility from MARCWatch Negative and withdrawn the rating following the redemption in full of outstanding notes issued under the facility and cancellation of the facility on August 23, 2011. The A+ rating was placed on MARCWatch Negative on July 28, 2011 together with the rating agency’s MARC-1/A+ ratin...

MARC has placed Radicare Sdn Bhd’s (Radicare) issue ratings of MARC-1/A+ on its RM100 million CP/MTN facilities and A+ on its RM50 million MTN facility on MARCWatch Negative due to the increased uncertainty regarding the renewal of Radicare’s hospital support services concession which expires on October 28, 2011. The last rating action was taken on December 16, 2010 to affirm the ratin...

MARC has affirmed Radicare (M) Sdn Bhd’s (Radicare) ratings on its RM100 million Commercial Papers/Medium Term Notes (CP/MTN) and RM50 million Medium Term Notes (MTN) facilities at MARC-1/A+ and A+ respectively. The rating outlook has been revised to developing from stable to reflect the near-term expiry of Radicare’s 15-year concession agreement in October 2011. The extension of the c...

MARC has affirmed Radicare (M) Sdn Bhd’s (Radicare) ratings on its RM100.0 million Commercial Papers/Medium Term Notes (CP/MTN) and RM50.0 million Medium Term Notes (MTN) facilities at MARC-1/A+ and A+, respectively. The ratings outlook is stable. The affirmed ratings continue to reflect the group’s sustainable operating performance and debt servicing ability under a 15-year concession...

MARC has affirmed the ratings of MARC-1/A+ and A+ to Radicare (M) Sdn Bhd’s (Radicare) RM100.0 million Commercial Papers/Medium-Term Notes (CP/MTN) and RM50.0 million Medium-Term Notes (MTN) facilities respectively. The ratings outlook is stable. The affirmed ratings reflect steadily rising revenues underpinned by increasing demand for hospital support services for contracted hospitals that ...

MARC has withdrawn the MARC-1 rating assigned to Radicare (M) Sdn Bhd’s RM49.0 million CP Programme with immediate effect following the full redemption of the facility on 29 November 2007 as confirmed by the facility agent, MIDF Amanah Investment Bank Berhad....

MARC has assigned MARC-1/A+ and A+ ratings to Radicare (M) Sdn Bhd’s (Radicare) RM100.0 million Commercial Papers/Medium-Term Notes (CP/MTN) and RM50.0 million Medium-Term Notes (MTN) facilities respectively. The ratings carry a stable outlook. The ratings reflect the credit quality of the receivables securing the notes, a 1.20 times security cover of the amount issued under the CP/MTN facil...