Press Releases - Category: Finance
Displaying 1-10 of 346 results.
Tuesday, Jun 26, 2018
MARC has withdrawn its rating of AAAIS on Cagamas Berhad’s RM5.0 billion Islamic Medium-Term Notes (IMTN) programme. The rating carried a stable outlook. The rating withdrawal follows the early cancellation of the programme as confirmed by the facility agent on June 22, 2018. Upon the withdrawal of the rating, MARC’s analytical coverage on Cagamas is now limited to its RM20.0 billion Con...

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Wednesday, Jun 13, 2018
MARC has affirmed its ratings on national mortgage corporation Cagamas Berhad’s bonds and sukuk issues as follows: Conventional and Islamic Commercial Papers (CP/ICP) programmes with a combined aggregate limit of RM20.0 billion at MARC-1/ MARC-1IS ; Conventional and Islamic Medium-Term Notes (MTN/IMTN) programmes of up to RM40.0 billion at AAA / AAAIS ; and IMTN programme of RM5....

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Monday, May 28, 2018
MARC has withdrawn its MARC-1/AA ratings on Hong Leong Financial Group’s (HLFG) RM1.8 billion Commercial Papers/Medium-Term Notes programmes. The ratings carried a positive outlook. The ratings withdrawal is at the request of the issuer. Upon the withdrawal, MARC will no longer provide analytical coverage on HLFG. Contacts: Douglas De Alwis, +603-2717 2965/ douglas@marc.com.my; Sh...

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Wednesday, May 16, 2018
MARC has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and on Kenanga Islamic Investors Berhad (KIIB). KIB is wholly owned by Kenanga Investment Bank Berhad (Kenanga), a key domestic financial group, and serves as its parent’s fund management arm by providing fund management services on both conventional and Islamic schemes. KIB’s wholly-owned s...

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Wednesday, Apr 11, 2018
MARC has withdrawn its MARC-1IS/MARC-1 ratings on Bank Pembangunan Malaysia Berhad’s Islamic/Conventional Commercial Papers (CP) programme of up to RM2.0 billion. The ratings carried a stable outlook. The ratings withdrawal follows the expiry of the CP programme on March 30, 2018. MARC will however continue to provide its financial institution (FI) rating on Bank Pembangunan. The bank curr...

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Friday, Mar 16, 2018
MARC has withdrawn its AAA/AAA-IS ratings on The Export-Import Bank of Korea’s (KEXIM) RM3.0 billion conventional and/or Islamic Medium-Term Notes (MTN) programme. The ratings carried a stable outlook. The ratings withdrawal follows the final redemption of the outstanding notes of RM500.0 million and expiry of the programme on March 12, 2018 as confirmed by the facility agent. Upon the withd...

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Thursday, Mar 08, 2018
MARC has assigned an intrinsic credit strength rating (ICSR) of BBB+ND to The Export-Import Bank of Korea (KEXIM). The ICSR is based on a non-domestic scale. Concurrently, the rating agency has affirmed KEXIM’s financial institution (FI) rating at AAA and its Medium-Term Notes (MTN) programme of RM1.0 billion and conventional and/or Islamic MTN programmes with a combined nominal value of RM3.0 ...

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Thursday, Jan 11, 2018
MARC has affirmed its long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee and Investment Facility (CGIF) with a stable outlook. The ratings are based on Malaysia’s national rating scale. The affirmed ratings reflect CGIF’s strong capital and liquidity positions which are underpinned by sound policy guidelines and a strong governance structure. Manila-b...

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Friday, Dec 29, 2017
MARC has assigned a final rating of AAAIS to CIMB Islamic Bank Berhad’s (CIMB Islamic) RM10.0 billion Sukuk Wakalah Programme (Sukuk Wakalah). The outlook on the rating is stable. Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the sukuk have not changed in any material way from the draft documentation on which the earlier prelimin...

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Thursday, Dec 21, 2017
MARC has affirmed its AAA financial institution rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. As a development financial institution (DFI), CGC plays a public policy role to facilitate access to financing for SMEs by providing credit guarantees on loans extended by financial institutions. It is majority-owned by Bank Negara Malaysia. MARC considers these k...

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