Press Releases - Category: Construction
Displaying 1-10 of 218 results.
Friday, Oct 13, 2017
MARC has affirmed its rating of B-IS with a stable outlook on Talam Transform Berhad’s (Talam) outstanding RM52.1 million Settlement Bithaman Ajil Islamic Debt Securities (Settlement BaIDs). The affirmed rating continues to reflect Talam’s weak business and financial profile and its reliance on asset disposals to meet financial obligations. During the period under review, Talam’s asset...

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Tuesday, Aug 08, 2017
MARC has withdrawn its rating of AAA on Special Port Vehicle Berhad’s asset-backed serial bonds facility. The rating withdrawal follows the full redemption and subsequent cancellation of the facility as confirmed by the facility agent. Upon the rating withdrawal, MARC will no longer be providing analytical coverage on the issuer. Contacts: Adib Asilah, +603-2717 2943/ asilah@marc....

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Friday, Jul 14, 2017
MARC has affirmed its AAA rating on Special Port Vehicle Berhad’s (SPVB) asset-backed serial bonds facility and concurrently revised the outlook to stable from negative. The rating action is premised on the sufficient amount in SPVB’s designated accounts to meet the RM180.0 million upcoming final principal repayment of Series 11 bond due on July 28, 2017. The designated accounts balance ...

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Wednesday, Jul 12, 2017
MARC today announced that the request for arbitration against WCT Holdings Berhad (WCT Holdings), filed by three companies over claims related to a Qatari project, has no immediate rating impact on WCT Holdings’ RM1.0 billion MTN Programme and RM1.5 billion Sukuk Murabahah Programme. The ratings remain at AA- and AA-IS respectively with a negative outlook. On July 10, 2017, WCT Holdings ann...

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Thursday, Feb 02, 2017
MARC has removed the ratings on WCT Holdings Berhad’s (WCT Holdings) RM1.0 billion MTN Programme and RM1.5 billion Sukuk Murabahah Programme from MARCWatch Developing. The ratings were placed on MARCWatch Developing on November 4, 2016 to enable the rating agency to reassess WCT Holdings’ business plan and the impact on its credit metrics following a major change in shareholders after the gro...

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Friday, Nov 18, 2016
MARC has affirmed the rating of AAA(fg) on special purpose vehicle TRIplc Ventures Sdn Bhd’s (TVSB) RM240.0 million Senior Medium-Term Notes (Senior MTN) Programme with a stable outlook. Both the affirmed rating and outlook are premised on the credit strength of an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the Senior MTN obligations. Danajamin ...

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Friday, Nov 04, 2016
MARC has today placed WCT Holdings Bhd’s (WCT Holdings) debt and sukuk ratings on MARCWatch Developing. The rating action affects the RM1.0 billion 15-year MTN and RM1.5 billion 15-year Sukuk Murabahah Programmes whose ratings of AA- and AA-IS respectively were affirmed with a negative outlook on October 7, 2015. The MARCWatch Developing placement reflects the potential change in the credi...

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Monday, Oct 24, 2016
MARC has withdrawn its MARC-1/AA- ratings on IJM Corporation Berhad’s RM1.0 billion Commercial Paper/Medium-Term Notes (CP/MTN) Programme. The ratings withdrawal follows the expiry and cancellation of the CP/MTN Programme on October 21, 2016, as confirmed by the facility agent. MARC will no longer be providing analytical coverage on the issuer following the ratings withdrawal. Cont...

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Tuesday, Oct 11, 2016
MARC has affirmed its rating on Talam Transform Berhad’s (Talam) outstanding RM52.1 million Settlement Bithaman Ajil Debt Securities (Settlement BaIDs) at B-IS with a stable outlook. The rating reflects the group’s weak financial position, its limited business prospects as well as its continued reliance on timely asset disposals to meet its substantial financial obligations. Talam’s ca...

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Monday, Aug 08, 2016
MARC has affirmed its AAA rating on Special Port Vehicle Berhad’s (SPVB) asset-backed serial bonds facility. The outlook remains negative. The affirmed rating takes into account the timely track record of payment of deferred repayment obligations from Port Klang Authority (PKA) to SPVB under the Sale and Purchase Agreement (SPA). The SPA dated November 2002 between Kuala Dimensi Sdn Bhd (K...

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