Press Releases - Category: Finance
Displaying 1-10 of 395 results.
Thursday, Dec 24, 2020
MARC has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB).  The IMR rating on KIB reflects the fund management company’s well-established investment processes and sound risk management practices. These factors are moderated by KIB’s modest assets under management (AUM) s...

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Wednesday, Dec 23, 2020
MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+/ MARC-1 on Kenanga Investment Bank Berhad (Kenanga). The ratings outlook is stable.Kenanga’s strong competitive position in the domestic stockbroking industry and its sound capital position are key rating drivers. The ratings also consider its moderate profitability metrics and adequate funding profile. Moder...

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Wednesday, Dec 23, 2020
MARC has affirmed Kuwait Finance House (Malaysia) Berhad's (KFH Malaysia) long-term and short-term financial institution (FI) ratings of AA+/MARC-1 with a stable outlook. The FI ratings are based on the national rating scale.KFH Malaysia’s long-term FI rating is anchored on the rating of its parent Kuwait Finance House KSC (KFH) of AAA from MARC based on public information. KFH Malaysia’s rati...

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Monday, Dec 21, 2020
MARC has affirmed its financial institution (FI) rating of AAA on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook.CGC’s status as a development financial institution (DFI) with an explicit public policy role, underpinned by the support extended by the government through Bank Negara Malaysia (BNM), remains a key rating factor. BNM is CGC’s main shareholder with 78.7% in...

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Thursday, Dec 17, 2020
MARC has withdrawn its long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee & Investment Facility. The ratings withdrawal is at the request of the entity. Contacts:Farhan Darham, +603-2717 2945/ farhan@marc.com.my;Mohd Izazee Ismail, +603-2717 2947/ izazee@marc.com.my....

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Wednesday, Dec 16, 2020
MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The ratings outlook is stable. The FI ratings reflect Bank Muamalat’s relatively modest size, strong capitalisation, moderate financial performance and weakening asset quality met...

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Tuesday, Oct 20, 2020
MARC has affirmed its financial institution (FI) rating of AAA on Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank). The rating outlook is stable.The affirmed FI rating is premised on SME Bank’s status as a wholly government-owned development financial institution (DFI) with a mandate to develop small and medium enterprise (SME) in the country. Held through the M...

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Thursday, Oct 01, 2020
MARC has assigned its rating of AAAIS to Bank Pembangunan Malaysia Berhad’s (Bank Pembangunan) RM5.0 billion Islamic Medium-Term Notes Programme. Concurrently, the rating agency has affirmed Bank Pembangunan’s financial institution (FI) rating at AAA. The ratings carry a stable outlook.Bank Pembangunan’s status as a wholly government-owned development financial institution (DFI) and its key ...

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Tuesday, Aug 25, 2020
MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings of AAA/MARC-1/Stable. CIMB Islamic’s FI ratings are equalised to parent CIMB Bank Berhad (AAA/Stable), based on its strategic importance in Islamic banking, its shared branding and close operational integration within the group. The rating agency has concurrently affirmed the ratings on CIMB Islamic...

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Tuesday, Aug 25, 2020
MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable. CIMB Group is a non-operating financial holding company whose key operating entities domestically are CIMB Bank Berhad, ...

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