Press Releases - Category: Trading/Services
Displaying 1-10 of 13 results.
Tuesday, Nov 24, 2020
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 15-year Medium-Term Notes (MTN) Programme ending in 2032. The rating carries a stable outlook. Sports Toto’s ability to generate healthy cash flow as a number forecast operator (NFO) in the domestic gaming sector, its lengthy track record and its entrenched market position in the oligopolis...

This article has been viewed 150 times.
Thursday, Dec 05, 2019
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 15-year Medium-Term Notes (MTN) Programme. The rating carries a stable outlook. The affirmed rating is primarily driven by Sports Toto’s strong and steady cash flow generation and its entrenched market position in the domestic number forecast operator (NFO) gaming sector. The key moderating fac...

This article has been viewed 312 times.
Thursday, Jul 11, 2019
MARC has withdrawn its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 10-year Medium-Term Notes (MTN) Programme. The rating withdrawal follows the early cancellation of the programme, ahead of its expiration on June 30, 2020, as confirmed by the facility agent on July 8, 2019.  The...

This article has been viewed 380 times.
Friday, Sep 07, 2018
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 10-year Medium-Term Notes Programme (MTN-1) and RM800.0 million 15-year Medium-Term Notes Programme (MTN-2). The rating carries a stable outlook. The combined outstanding amount under the programmes, which cannot exceed RM800 million at any time, stood at RM745.0 million as at end-August 2018. ...

This article has been viewed 495 times.
Wednesday, Jun 21, 2017
MARC has assigned a final rating of AA- to Sports Toto Malaysia Sdn Bhd’s (Sports Toto) proposed RM800.0 million 15-year Medium-Term Notes Programme (MTN-2). The outlook on the rating is stable. Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the MTN-2 Programme have not changed in any material way from the draft documenta...

This article has been viewed 562 times.
Tuesday, Jun 20, 2017
MARC has assigned a preliminary rating of AA- to Sports Toto Malaysia Sdn Bhd’s (Sports Toto) proposed RM800.0 million 15-year Medium-Term Notes Programme (MTN-2). Concurrently, the rating agency has affirmed its AA- rating on Sports Toto’s existing RM800.0 million 10-year Medium-Term Notes Programme (MTN-1) which will expire in June 2020. The outlook on the ratings is stable. The drawdo...

This article has been viewed 536 times.
Wednesday, Nov 23, 2016
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million Medium-Term Notes Programme (MTN) with a stable outlook. The rating is primarily driven by Sports Toto’s strong and steady cash flow generation and its entrenched market position in the oligopolistic domestic gaming industry. Constraining rating factors are regulatory risk due to a periodic gam...

This article has been viewed 526 times.
Friday, Nov 27, 2015
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million Medium-Term Notes Programme (MTN) with a stable outlook. The rating is primarily driven by Sports Toto’s strong cash flow generation from its Numbers Forecasting Operations (NFO) and its entrenched market position in the domestic gaming industry. The rating is constrained by the periodic licens...

This article has been viewed 609 times.
Tuesday, Nov 11, 2014
MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million Medium-Term Note Programme (MTN) with a stable outlook. The affirmed rating reflects Sports Toto’s strong cash flow generation from its Numbers Forecasting Operations (NFO) and entrenched market position in Malaysia’s gaming sector. The rating is moderated by significant regulator...

This article has been viewed 981 times.
Wednesday, Oct 09, 2013
MARC has affirmed its AA- rating on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) up to RM800.0 million Medium Term Note Programme (MTN) with a stable outlook. The rating action affects the outstanding RM580.0 million under the MTN programme. The affirmed rating reflects Sports Toto’s strong cash flow generation from its longstanding involvement in the Numbers Forecasting Operations (NF...

This article has been viewed 1117 times.