Press Releases
Displaying 1-10 of 3084 results.
Friday, Jan 15, 2021
MARC has assigned preliminary ratings of MARC-1IS/AAIS to Cellco Capital Bhd’s (Cellco) proposed RM520 million issuance (Issue 1) under its Islamic Commercial Papers/Islamic Medium-Term Notes (Sukuk Ijarah Programme) with a combined limit of up to RM1.0 billion. The ratings outlook is stable.Cellco is a special-purpose entity set up to undertake the Sukuk Ijarah Programme for its parent, Stealth...

This article has been viewed 236 times.
Wednesday, Jan 13, 2021
MARC has assigned preliminary ratings of MARC-1IS and A+IS to George Kent (Malaysia) Berhad’s (George Kent) proposed RM100.0 million Islamic Commercial Papers (ICP) Programme and RM500.0 million Islamic Medium-Term Notes (IMTN) Programme subject to a combined limit of RM500.0 million. The ratings outlook is stable.The assigned ratings reflect George Kent’s conservative capital structure, stron...

This article has been viewed 40 times.
Monday, Jan 11, 2021
MARC has affirmed its ratings on Berjaya Land Berhad’s (BLand) RM500.0 million Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Berhad (Danajamin) at AAA(fg) and RM150.0 million MTN Programme guaranteed by OCBC Bank (Malaysia) Berhad (OCBC Malaysia) at AAA(bg). The ratings outlook is stable. The affirmed ratings reflect the unconditional and irrevocable guarantees provided by D...

This article has been viewed 15 times.
Friday, Jan 08, 2021
MARC has withdrawn its rating of AAA on Special Coral Sdn Bhd’s RM250.0 million Senior Class A Medium-Term Notes (MTN) under the RM1.1 billion MTN Programme. The rating withdrawal follows completion of the refinancing exercise and full redemption of the outstanding RM200.0 million Senior Class A MTN. MARC’s analytical coverage on the RM1.1 billion MTN Programme is now limited to the RM250...

This article has been viewed 25 times.
Friday, Jan 08, 2021
MARC has withdrawn its ratings of MARC-1/AA- on Sunway Berhad’s RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) programme. The rating withdrawal follows completion of the refinancing exercise and full redemption of the programme upon its expiry on November 27, 2020. The programme was refinanced with a new equivalent CP/MTN programme issued by Sunway in July 2020, which is rated M...

This article has been viewed 24 times.
Friday, Jan 08, 2021
MARC has affirmed its MARC-1IS /AA-IS ratings on UEM Sunrise Berhad’s two Islamic Commercial Papers and Islamic Medium-Term Notes programmes (ICP/IMTN-1 and ICP/IMTN-2) with a stable outlook. Each of the ICP/IMTN programmes has a limit of RM2.0 billion with a sublimit of RM500.0 million on the ICP issuances. The affirmed rating action does not factor in the credit implications on UEM Sunris...

This article has been viewed 31 times.
Tuesday, Jan 05, 2021
MARC has received confirmation that Sistem Penyuraian Trafik KL Barat’s (SPRINT) RM510.0 million Al-Bithaman Ajil Islamic Debt Securities (BaIDS) have been fully redeemed and cancelled on December 29, 2020.Accordingly, MARC has withdrawn its A+IS/Developing rating and will no longer provide analytical coverage on the issuer. Contacts:Ati Affira Kholid, 03-2717 2941/ affira@marc.com.my;Hafiz...

This article has been viewed 29 times.
Tuesday, Jan 05, 2021
MARC has affirmed its AA-IS  rating on Cerah Sama Sdn Bhd’s (Cerah Sama) RM420.0 million sukuk with a stable outlook. Cerah Sama is the investment holding company of Grand Saga Sdn Bhd, the concessionaire of the 11.5-km Cheras-Kajang Highway. The rating affirmation reflects the company’s (1) resilient cash flows and stable revenue base (underpinned by the steady traffic performance o...

This article has been viewed 24 times.
Tuesday, Dec 29, 2020
MARC has affirmed its AAIS rating on ANIH Berhad's RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032.The affirmed rating reflects ANIH’s healthy cash flow generation and adequate debt coverage, underpinned by stable traffic performance of KL-Karak and EC...

This article has been viewed 40 times.
Thursday, Dec 24, 2020
MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating of AAA and sukuk rating of AAAIS on TNB’s RM2.0 billion Al-Bai’ Bithaman Ajil Islamic Financing Bonds (sukuk). The ratings outlook is stable. The ratings incorporate a two-notch rating uplift based on MARC's assessment of a high likelihood of government support given TNB’s critical role as the country’s principal energy ...

This article has been viewed 52 times.