Press Releases - Category: Trading/Services
Displaying 1-5 of 5 results.
Tuesday, Mar 03, 2015
MARC has withdrawn its AA-IS rating on Weststar Capital Sdn Bhd’s RM900 million Sukuk Mudharabah Programme. The rating withdrawal follows the early redemption and subsequent cancellation of the Sukuk Mudharabah Programme on February 27, 2015 as confirmed by the facility agent.Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on the issuer.Contacts: Koh ...

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Thursday, Nov 06, 2014
MARC has affirmed its AA-IS rating on Weststar Capital Sdn Bhd’s (Weststar Capital) RM900 million Sukuk Mudharabah Programme with a stable outlook. Weststar Capital, a wholly-owned subsidiary of offshore helicopter service provider Weststar Aviation Services Sdn Bhd (Weststar), was set up for the sole purpose of facilitating the issuance of the sukuk.  The sukuk is secured by the right...

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Wednesday, Oct 16, 2013
MARC has affirmed its AA-IS on Weststar Capital Sdn Bhd's (Weststar Capital) RM900 million Sukuk Mudharabah Programme with a stable outlook. Established for the purpose of facilitating the issuance of the sukuk, Weststar Capital is a wholly-owned subsidiary of offshore helicopter operator Weststar Aviation Services Sdn Bhd (Weststar). ‎Securing the sukuk are the rights to receive 40% of revenu...

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Thursday, Nov 29, 2012
MARC has assigned a final rating of AA-IS with a stable outlook to Weststar Capital Sdn Bhd’s (Weststar Capital) RM900.0 million Sukuk Mudharabah Programme upon the receipt of final documentation for its forthcoming issuance. The terms and conditions of the Sukuk Mudharabah Programme remain substantially unchanged from the draft documents on which the earlier preliminary rating of AA-IS was ...

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Thursday, Oct 04, 2012
MARC has assigned a preliminary rating of AA-IS with a stable outlook to Weststar Capital Sdn Bhd's (Weststar Capital) proposed RM900 million Sukuk Mudharabah Programme. Weststar Capital is a special purpose entity wholly owned by Weststar Aviation Services Sdn Bhd (Weststar) that serves as the funding vehicle for the offshore aviation services provider.Proceeds from the notes will be used largely...

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