Press Releases - Category: Finance
Displaying 71-80 of 395 results.
Wednesday, Aug 23, 2017
MARC has assigned ratings of AAAIS and AA+IS to Danajamin Nasional Berhad’s (Danajamin) Senior and Subordinated Sukuk Murabahah respectively of up to RM2.0 billion under a proposed sukuk programme. Concurrently, MARC has affirmed its insurer financial strength rating of AAA and counterparty credit ratings of AAA/MARC-1 on Danajamin. The ratings carry a stable outlook. The ratings are drive...

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Thursday, Aug 17, 2017
MARC has affirmed its ratings of MARC-1/AA on Hong Leong Financial Group Berhad's (HLFG) RM1.8 billion Commercial Papers and Medium-Term Notes (CP/MTN) programmes. The outlook has been revised to positive from stable. HLFG’s credit strength is driven by its key subsidiary, Hong Leong Bank Berhad (HLB), given that the bank continued to account for a significant portion of the group’s con...

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Tuesday, Aug 15, 2017
MARC has affirmed its long- and short-term financial institution (FI) ratings of AAA and MARC-1 respectively on Islamic Development Bank (IsDB). Concurrently, the rating agency affirmed its AAAIS rating on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad (Tadamun), a trust established by IsDB for the purpose of issuing the sukuk. The outlook on the ratings is s...

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Monday, Aug 07, 2017
MARC has affirmed its ratings on national mortgage corporation Cagamas Berhad’s (Cagamas) bonds and sukuk issues as follows: Conventional and Islamic Commercial Paper (CP/ICP) Programmes with a combined aggregate limit of RM20.0 billion at MARC-1/ MARC-1IS respectively; Conventional and Islamic Medium-Term Notes (MTN/IMTN) Programmes of up to RM40.0 billion at AAA / AAAIS respectively...

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Friday, Aug 04, 2017
MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 on Malayan Banking Berhad (Maybank) and concurrently affirmed the AAA rating on the bank’s RM10.0 billion Senior Medium-Term Note (MTN) programme. The outlook on the ratings is stable. The ratings affirmation incorporates Maybank’s very strong market position in loans and deposits, underpinned by its well-established ...

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Friday, Jul 21, 2017
MARC has withdrawn its financial institution ratings of AA-/MARC-1/stable on Hong Leong Investment Bank Berhad (HLIB) upon a request made by the bank. Following the withdrawal, MARC will no longer provide analytical coverage on HLIB. Contacts: Afeeq Amiri, +603-2717 2956/ afeeq@marc.com.my; Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my. ...

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Tuesday, May 16, 2017
MARC has assigned an investment manager rating of IMR-2 to Kenanga Investors Berhad (KIB) and to KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB). KIB is a fund management company managing both conventional and Islamic schemes while KIIB solely provides Shariah-compliant investment management services. This is the first rating announced by MARC under its investment man...

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Wednesday, Apr 12, 2017
MARC has affirmed its AAA financial institution rating on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. CGC is a development financial institution (DFI) with majority shareholding held by the central bank, Bank Negara Malaysia. Its public policy role is to facilitate access to financing for small and medium enterprises (SME) by providing credit guarantees on their...

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Tuesday, Apr 04, 2017
MARC has affirmed its ratings of AAA on The Export-Import Bank of Korea’s (KEXIM) RM1.0 billion Medium-Term Notes (MTN) programme and AAA/ AAAIS on KEXIM’s Conventional and/or Islamic MTN programmes with a combined nominal value of RM3.0 billion. The outlook on the ratings is stable. The ratings are based on the national rating scale. The ratings on KEXIM are equalised to MARC’s foreig...

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Monday, Mar 20, 2017
MARC has withdrawn its ratings of A and BBB on RCE Advance Sdn Bhd’s (RCEA) RM420 million Fixed Rate Medium-Term Notes (MTN) Programme comprising RM120 million Class B, and RM60 million Class C notes. The outlook on the ratings was stable. The withdrawal follows the redemption of all outstanding amounts under the MTN Programme on March 3, 2017. Upon the withdrawal of the ratings, MARC will...

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