Press Releases - Date: Previous 30 days
Displaying 1-9 of 9 results.
Wednesday, Jun 19, 2019
MARC has lowered TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk Ijarah IMTN) programme rating of AA-IS to A+IS. The rating outlook is stable. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH). The other funding vehicle is TSH Sukuk Murabahah Sdn Bhd (TSH Murabahah), which has RM50.0 mill...

This article has been viewed 17 times.
Wednesday, Jun 19, 2019
MARC has lowered TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) rating of MARC-1IS to MARC-2IS and RM150.0 million Sukuk Murabahah Medium-Term Notes (Sukuk Murabahah IMTN) programme rating of AA-IS to A+IS. The outlook is stable. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resou...

This article has been viewed 13 times.
Tuesday, Jun 11, 2019
MARC recommends affirming the Republic of Singapore’s (Singapore) foreign currency sovereign rating of AAA with a stable outlook based on its national rating scale. The AAA rating reflects Singapore’s prudent economic management, robust external position, high fiscal discipline, as well as strong governance and institutions. Its credit strengths are, however, tempered by its susceptibility to...

This article has been viewed 10 times.
Friday, May 31, 2019
MARC has withdrawn its AAAIS rating/stable outlook on Cagamas MBS Berhad’s RM245.0 million Tranche 5 under the RM2,110.0 million asset-backed sukuk Musyarakah issuance (CMBS 2007-1-i). The rating withdrawal follows the full redemption of the tranche as confirmed by the facility agent. MARC’s analytical coverage on CMBS 2007-1-i continues on the outstanding RM610.0 million under the remain...

This article has been viewed 21 times.
Monday, May 27, 2019
MARC has affirmed its ratings of AAA, AA and B- on Special Coral Sdn Bhd’s RM250.0 million Senior Class A Medium-Term Notes (MTN) (Class A MTN), RM50.0 million Senior Class B MTN (Class B MTN) and RM800.0 million Subordinated Class MTN. The ratings outlook is stable. As at April 1, 2019, Special Coral had outstanding Senior Class A MTN of RM200.0 million and Subordinated Class MTN of RM506.3 mi...

This article has been viewed 24 times.
Monday, May 27, 2019
MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s RM2,050.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2005-1) with a stable outlook. The rating affects the final tranche of sukuk under CMBS 2005-1 amounting to RM400.0 million. The rating affirmation mainly reflects CMBS 2005-1’s strong credit enhancement level of 356.6% as at end-September 2018 (Quarter 54) with an ou...

This article has been viewed 25 times.
Monday, May 27, 2019
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s RM2,060.0 million asset-backed fixed rate serial bonds (CMBS 2005-2) with a stable outlook. The rating affirmation essentially reflects CMBS 2005-2’s substantial credit enhancement level of 253.0% based on an outstanding principal balance of non-defaulted mortgages of RM933.5 million and combined cash and permitted investments of R...

This article has been viewed 23 times.
Monday, May 27, 2019
MARC has affirmed its AAA rating on Cagamas MBS Berhad’s RM2,410.0 million asset-backed fixed rate serial bonds (CMBS 2007-2) with a stable outlook. The rating affirmation mainly reflects CMBS 2007-2’s strong credit enhancement level of 220.4% as at August 31, 2018 (Quarter 46) with an outstanding principal of non-defaulted mortgage loans of RM755.9 million and combined cash and permitte...

This article has been viewed 21 times.
Monday, May 27, 2019
MARC has affirmed its AAAIS rating on Cagamas MBS Berhad’s RM2,110.0 million asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) with a stable outlook. The rating affirmation reflects CMBS 2007-1-i’s substantial credit enhancement level of 168.7% as at October 31, 2018 (Quarter 47) based on an outstanding principal of non-defaulted home financing of RM1,097.0 million and combined cash...

This article has been viewed 24 times.