Press Releases - Category: Finance
Displaying 41-50 of 395 results.
Friday, Nov 16, 2018
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 outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term corporate credit rating and its sub-debt programme...

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Thursday, Nov 15, 2018
MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and its AIS rating on the bank’s Islamic Senior Notes programme (Senior Sukuk) of up to RM2.0 billion. The rating on Bank Muamalat’s Senior Sukuk programme is equalised to its long-term FI rating based on the seniority of the sukuk. The outlook on the ratings is stable. T...

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Wednesday, Nov 14, 2018
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 Malaysia’s national rating scale. KFH Malaysia’s long-term FI rating has been notched down from its parent Kuwait Finance House KSC’s (KFH) long-term FI rating of AAA, premised on MARC’s ...

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Wednesday, Oct 17, 2018
MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+ and MARC-1 on Kenanga Investment Bank Berhad (Kenanga). The FI ratings are based on a national rating scale. The outlook on the ratings is stable. The affirmed ratings are primarily premised on Kenanga’s strong competitive position in the retail stockbroking business in Malaysia, its sound capital posit...

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Tuesday, Oct 16, 2018
MARC has affirmed Maybank Islamic Berhad’s long-term and short-term financial institution (FI) ratings of AAA and MARC-1 based on the domestic rating scale. Maybank Islamic’s long-term FI rating is equalised to parent Malayan Banking Berhad’s (Maybank) rating of AAA, based primarily on its strategic importance to the Maybank group. The ratings outlook is stable. MARC has also assigned ...

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Tuesday, Oct 16, 2018
MARC has affirmed its long-term and short-term financial institution (FI) ratings of AA- and MARC-1 on KAF Investment Bank Berhad (KAF IB) with a stable outlook. The affirmed ratings primarily reflect KAF IB’s strong capital ratios and liquidity levels, underpinned by a conservative investment strategy. The rating is moderated by the susceptibility of KAF IB’s performance to domestic cap...

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Tuesday, Aug 28, 2018
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 (Tadamun), a trust established by IsDB. The outlook on the ratings is stable. IsDB’s status as a multilateral development bank (MDB), i...

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Wednesday, Aug 08, 2018
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 its insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin. The outlook on all ratings is stable. The key rati...

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Wednesday, Aug 01, 2018
MARC has affirmed Malayan Banking Berhad’s (Maybank) financial institution (FI) ratings at AAA/MARC-1 and concurrently the rating on the bank’s RM10.0 billion Senior Medium-Term Notes (MTN) programme at AAA. The FI and issue ratings are based on a national rating scale. MARC has also assigned an intrinsic credit strength rating (ICSR) of A-ND to the bank. The ICSR is based on an internat...

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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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