Press Releases - Category: Industrial Products
Displaying 1-10 of 359 results.
Tuesday, Feb 09, 2021
MARC has upgraded Top Glove Corporation Bhd’s (Top Glove) corporate credit rating to AA+ from AA and concurrently affirmed its rating of AA-IS(CG) on special purpose vehicle TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme. Top Glove, which owns 100% of TG Excellence, has provided a subordinated unconditional and irrevocable corporate guarantee on the perpetual sukuk. The...

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Friday, Nov 20, 2020
MARC has assigned a final rating of AA-IS with a stable outlook to Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) proposed RM500.0 million Sukuk Wakalah Programme. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based....

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Monday, Nov 16, 2020
MARC has assigned final ratings of AAIS / AA to special purpose vehicle OSK Rated Bond Sdn Bhd’s (OSKRB) proposed Sukuk Murabahah/Multi-Currency Medium-Term Notes Programme (Sukuk/MCMTN) with a combined limit of up to RM2.0 billion. The ratings outlook is stable. The assigned ratings apply to ringgit-denominated sukuk/notes issued under the programme.The rating agency has reviewed the final docu...

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Friday, Oct 30, 2020
MARC has assigned a preliminary rating of AA-IS to Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) proposed RM500.0 million Sukuk Wakalah Programme with a stable outlook. Evyap Malaysia is a subsidiary of Turkey-based Evyap Group, a longstanding and a well-established personal care product manufacturer with a strong market presence in Turkey and Eastern Europe. It owns and operates a vertic...

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Monday, Oct 05, 2020
MARC has assigned a final rating of AAAIS to Pengerang LNG (Two) Sdn Bhd’s (PLNG2) proposed Islamic Medium-Term Notes (IMTN) programme of up to RM3.0 billion. The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preli...

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Friday, Sep 18, 2020
MARC has assigned a preliminary rating of AAAIS to Pengerang LNG (Two) Sdn Bhd’s (PLNG2) proposed Islamic Medium-Term Notes (IMTN) programme of up to RM3.0 billion. The rating outlook is stable. PLNG2 owns a regasification terminal, Regasification Terminal Pengerang (RGTP), through which natural gas is supplied to the Pengerang Integrated Complex (PIC). It has a regasification capacity of u...

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Thursday, Aug 13, 2020
MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook reflect the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains an insurer financial strength rati...

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Thursday, Jul 30, 2020
MARC has assigned a final rating of AA-IS to Malaysian Resources Corporation Berhad’s (MRCB) proposed Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which t...

This article has been viewed 194 times.
Friday, Jul 24, 2020
MARC has assigned a final rating of AAAIS/MARC-1IS to Gas Malaysia Distribution Sdn Bhd’s proposed Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The ratings outlook is stable.The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not chang...

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Friday, Jun 19, 2020
MARC has assigned preliminary ratings of AAAIS/MARC-1IS to Gas Malaysia Distribution Sdn Bhd’s (GMD) proposed Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The ratings outlook is stable. GMD is a wholly-owned subsidiary of Gas Malaysia Berhad and was established under a group-wide reorganisation that in...

This article has been viewed 219 times.