Displaying 81-90 of 395 results.
Wednesday, Mar 08, 2017
MARC has affirmed its long-term and short-term financial institution ratings of AAA/MARC-1 on Hong Kong-based The Bank of East Asia, Limited (BEA). The outlook on the ratings is stable. The affirmed ratings reflect the bank’s capacity to meet its financial obligations on the Malaysian national rating scale. The ratings incorporate MARC’s expectations of systemic support bei...
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Friday, Mar 03, 2017
MARC has affirmed its ratings of A and BBB on special purpose vehicle RCE Advance Sdn Bhd’s (RCEA) outstanding RM5 million Class B and RM10 million Class C notes under the RM420 million Fixed Rate Medium-Term Notes (MTN) Programme respectively. The outlook on the ratings is stable. There is currently no outstanding Class A notes under the programme upon the repayment of RM5 million on November ...
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Wednesday, Jan 25, 2017
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 ratings affirmation is driven by CGIF’s strong leverage and liquidity position, supported by sound policy guidelines and a strong governance structure put in place...
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Thursday, Jan 19, 2017
MARC has affirmed national mortgage corporation Cagamas Berhad’s (Cagamas) bonds and sukuk issues ratings as follows: Conventional and Islamic Commercial Paper (CP/ICP) Programmes with an aggregate combined 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; a...
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Wednesday, Jan 11, 2017
MARC WITHDRAWS RATING ON CIMB BANK’S RM4.0 BILLION NON-INNOVATIVE TIER 1 STAPLED CAPITAL SECURITIES PROGRAMME
MARC has withdrawn its AA/stable rating on CIMB Bank Berhad’s (CIMB Bank) RM4.0 billion Non-Innovative Tier 1 Stapled Capital Securities Programme. The rating withdrawal follows the full redemption and subsequent cancellation of the programme as confirmed by the facility agent on January 9, 2017. MARC’s analytical coverage on CIMB Bank is now limited to the following debt issuances: ...
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Monday, Nov 28, 2016
MARC AFFIRMS ITS A/MARC-1 FINANCIAL INSTITUTION RATINGS ON BANK MUAMALAT MALAYSIA BERHAD; CONCURRENTLY AFFIRMS ITS AIS RATING ON THE BANK’S SUKUK PROGRAMME OF UP TO RM2.0 BILLION
MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and concurrently affirmed the AIS rating on the Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The outlook on the ratings is stable. The rating on Bank Muamalat’s Senior Sukuk issuance is equalised to its FI rating based on the seniority of the su...
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Thursday, Nov 17, 2016
MARC ASSIGNS COUNTERPARTY CREDIT RATINGS OF AAA/MARC-1 AND AFFIRMS ITS INSURER FINANCIAL STRENGTH RATING OF AAA ON DANAJAMIN NASIONAL BERHAD; OUTLOOK STABLE
MARC has affirmed its insurer financial strength rating of AAA on Danajamin Nasional Berhad (Danajamin). Concurrently, the rating agency has assigned long-term/short-term counterparty credit ratings of AAA/MARC-1 to Danajamin. The ratings carry a stable outlook. The ratings on Danajamin reflect its status as a government-sponsored and -owned financial guarantee insurer (FGI) that was set up...
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Tuesday, Nov 15, 2016
MARC AFFIRMS ITS AA+/MARC-1 CORPORATE CREDIT RATINGS ON CIMB GROUP HOLDINGS BERHAD; CONCURRENTLY AFFIRMS ITS AA RATING ON THE ISSUER’S RM10 BILLION SUBORDINATED DEBT PROGRAMME
MARC has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and accordingly affirmed its issue rating of AA on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme (sub-debt programme). The outlook on the ratings is stable. The one-notch rating differential between CIMB Group’s long-term cor...
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Friday, Nov 11, 2016
MARC has affirmed its financial institution (FI) ratings on CIMB Bank Berhad (CIMB Bank) at AAA/MARC-1 with a stable outlook. Concurrently, it has 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 rating by one or two notches based on their relative loss severity risk profiles. The full list is ...
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Friday, Nov 11, 2016
MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) rating at AAA/ MARC-1. Concurrently, the rating agency has affirmed its rating of AA+IS on CIMB Islamic’s RM5.0 billion Basel III-compliant Tier 2 Junior Sukuk programme and RM2.0 billion Tier 2 Junior Sukuk programme. The one-notch rating differential between the two ratings reflects the subordination of t...
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