Press Releases - Date: Previous 30 days
Displaying 1-10 of 10 results.
Friday, Apr 16, 2021
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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Thursday, Apr 01, 2021
MARC has affirmed its ratings of AAA, AA and B- on special purpose vehicle Special Coral Sdn Bhd’s RM250.0 million Senior Class A Medium-Term Notes (MTN), RM50.0 million Senior Class B MTN and RM800.0 million Subordinated Class MTN under the existing RM1.1 billion MTN programme. The ratings outlook is stable. Special Coral owns about 91.6% of the strata area in Queensbay Mall, an eight-storey sh...

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Wednesday, Mar 31, 2021
MARC has affirmed its public information foreign currency sovereign rating of AAA/stable on the People’s Republic of China, based on its national rating scale. The AAA rating reflects several credit strengths, including a large and well-diversified, resilient economy. Thanks to an effective stimulus package, China’s quarterly recovery was quick and it managed to avoid an economic contraction i...

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Friday, Mar 26, 2021
MARC has downgraded MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme and RM150.0 million Junior Bonds ratings to CIS/C, from BBIS and B. The rating action is driven by the liquidity pressure MEX II is facing and the likelihood of missing an upcoming payment on its sukuk. MEX II has a sukuk repayment of RM68.7 million due on April 29, 2021 against which it has a cash balance...

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Wednesday, Mar 24, 2021
MARC has assigned a "Gold" Sustainability Sukuk Assessment to Agroto Business (M) Sdn Bhd's (Agroto) ASEAN Sustainability Sustainable and Responsible Investment (SRI) Sukuk Programme Framework (Framework). The assessment is driven by our expectation that the net proceeds of the sukuk to be issued will be directed towards qualifying capital expenditures on the issuer's sustainable and modern integr...

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Tuesday, Mar 23, 2021
MARC has withdrawn its ratings of MARC-1IS / AAAIS on Petronas Dagangan Berhad’s Islamic Commercial Papers and Islamic Medium-Term Notes programme of up to RM2.0 billion. The ratings withdrawal follows the programme’s expiry on March 19, 2021.Contacts:Lee Chi Han, +603-2717 2939/ chihan@marc.com.my;Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my....

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Monday, Mar 22, 2021
MARC has assigned a rating of AAAIS with a stable outlook on Putrajaya Holdings Sdn Bhd (PJH)’s proposed RM1.0 billion 20-year Sukuk Wakalah Programme. Concurrently, the rating agency has affirmed its existing ratings on PJH’s other issuances, the list of which is provided at end of this announcement. The ratings outlook is stable. Proceeds from the new programme will be used for the cons...

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Monday, Mar 22, 2021
MARC has affirmed its ratings of MARC-1IS /AA-IS on UEM Edgenta Berhad’s Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) under its Sukuk Murabahah programme of up to RM1.0 billion. The ratings outlook remains stable.The affirmed ratings are driven by UEM Edgenta’s strong business and financial profile from long-term contracts in regional healthcare support services and rec...

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Friday, Mar 19, 2021
MARC has affirmed its AAAIS and AAA ratings on Cagamas MBS Berhad’s (Cagamas MBS) asset-backed Sukuk Musyarakah issuances (CMBS 2007-1-i) and fixed rate serial bonds issuances (CMBS 2005-2; CMBS 2007-2). The outlook on all ratings is stable. Cagamas MBS is a wholly-owned special purpose vehicle of Cagamas Holdings Berhad and was established to undertake the securitisation of conventional an...

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