Press Releases - Category: Finance
Displaying 1-10 of 366 results.
Wednesday, Jul 31, 2019
MARC has affirmed its ratings of AAAIS and AA+IS on Danajamin Nasional Berhad’s (Danajamin) Senior and Subordinated Sukuk Murabahah of up to RM2.0 billion under its Sukuk Murabahah programme. Concurrently, the rating agency has affirmed the insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin. The outlook on all ratings is stable. The one-notch rat...

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Monday, Jul 29, 2019
MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 on Islamic Development Bank (IsDB). Concurrently, the rating agency affirmed its rating of AAAIS on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad, a trust established by IsDB. The outlook on the ratings is stable. The affirmed FI ratings reflect IsDB’s strong capitalisation, healt...

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Thursday, May 02, 2019
MARC has withdrawn its financial institution (FI) ratings of AAA/MARC-1 on Malayan Banking Berhad (Maybank), as well as its AAA rating on Maybank’s RM10.0 billion Senior Medium-Term Notes programme. The ratings carried a stable outlook. The ratings withdrawal is at the request of the issuer. Contacts: Douglas De Alwis, +603-2717 2965/ douglas@marc.com.my; Mohd Izazee Ismail, +603-2...

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Tuesday, Apr 09, 2019
MARC has affirmed its financial institution (FI) rating of AAA on The Export-Import Bank of Korea (KEXIM) and the issue rating of AAA on its Medium-Term Notes programme of RM1.0 billion. The FI and issue ratings are based on the domestic rating scale. The outlook on the ratings is stable. The FI rating on KEXIM is equalised to the Republic of Korea’s (South Korea) AAA/stable rating from MA...

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Tuesday, Apr 09, 2019
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, sound risk management practices and strong operating track record. These factors are moderated by a modest assets und...

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Wednesday, Jan 09, 2019
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 position which are underpinned by sound policy guidelines and governance structure established by the ...

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Friday, Dec 14, 2018
MARC has affirmed its AAA financial institution (FI) rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The rating reflects CGC’s public policy role as a development financial institution (DFI) for which the government through Bank Negara Malaysia (BNM) has continued to provide support. In its role, CGC provides credit guarantees on loans and financing exte...

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Tuesday, Dec 11, 2018
MARC has withdrawn its financial institution ratings of AAA/MARC-1 on The Bank of East Asia, Limited. The ratings carried a stable outlook. The ratings withdrawal is at the request of the bank. Upon the withdrawal, MARC will no longer provide analytical coverage on the bank. Contacts: Lee Kar Xuan, +603-2717 2964/ karxuan@marc.com.my; Sharidan Salleh, +603-2717 2954/ sharidan@marc...

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Wednesday, Nov 28, 2018
MARC has affirmed its AAA financial institution (FI) rating on Bank Pembangunan Malaysia Berhad (Bank Pembangunan). The rating carries a stable outlook. The FI rating is solely premised on Bank Pembangunan’s status as a wholly government-owned development financial institution (DFI) which was incorporated to extend loans and financial support to specific industries promoted by the governme...

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Friday, Nov 16, 2018
MARC has affirmed its financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA / MARC-1 with a stable outlook. Concurrently, MARC has also affirmed its corporate debt ratings on CIMB Bank’s existing subordinated debt and hybrid securities, which have been notched down from the bank’s FI ratings based on their relative loss severity risk profiles. The full list of issue rating...

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