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Friday, Apr 16, 2021
MARC ASSIGNS PRELIMINARY RATING OF AA-IS /STABLE TO THE HOLSTEIN MILK COMPANY’S PROPOSED RM1.0 BILLION SUKUK WAKALAH PROGRAMME
MARC has assigned a preliminary rating of AA-IS with a stable outlook to The Holstein Milk Company Sdn Bhd’s (THMC) proposed RM1.0 billion Sukuk Wakalah Programme. THMC is an integrated dairy farming player with operations ranging from cattle breeding and milk processing in Malaysia and Australia, to distribution of dairy products.The assigned rating is driven by THMC’s growing market share in...
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Monday, Apr 05, 2021
MARC has affirmed its BBB-IS rating on Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes Programme (Restructured Sukuk) and revised the outlook to negative from stable. The rating affirmation is based on SDEB’s adequate near-term liquidity and the Restructured Sukuk’s accommodative back-ended amortisation structure with a step-up profit feature that ...
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