Press Releases - Category: Plantations
Displaying 1-10 of 124 results.
Wednesday, Jun 19, 2019
MARC has lowered TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk Ijarah IMTN) programme rating of AA-IS to A+IS. The rating outlook is stable. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH). The other funding vehicle is TSH Sukuk Murabahah Sdn Bhd (TSH Murabahah), which has RM50.0 mill...

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Wednesday, Jun 19, 2019
MARC has lowered TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (Sukuk Murabahah ICP) rating of MARC-1IS to MARC-2IS and RM150.0 million Sukuk Murabahah Medium-Term Notes (Sukuk Murabahah IMTN) programme rating of AA-IS to A+IS. The outlook is stable. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resou...

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Wednesday, Nov 28, 2018
MARC has affirmed its rating of AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Ijarah) RM300.0 million Sukuk Ijarah Medium-Term Notes (Sukuk IMTN) programme. TSH Ijarah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), a predominantly upstream crude palm oil (CPO) producer with majority of its oil palm plantations located in Kalimantan, Indonesia. ...

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Wednesday, Nov 28, 2018
MARC has affirmed its ratings of MARC-1IS/AA-IS on TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Sukuk Murabahah Commercial Papers (ICP) and RM150.0 million Sukuk Murabahah Medium-Term Notes (IMTN) programme with a stable outlook. TSH Murabahah is one of two special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) ope...

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Friday, Sep 14, 2018
MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit rating at AAA, and accordingly affirmed its Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The ratings outlook is stable. SD Plantation benefits from a one-notch rating uplift for implicit support from major shareholder Permodalan Nasional Berhad (PNB), a government-linked...

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Monday, Jun 25, 2018
MARC has withdrawn its AAAIS(fg) rating on TSH Sukuk Musyarakah Sdn Bhd’s RM100.0 million Danajamin-guaranteed Islamic Medium-Term Notes (IMTN) programme. The rating carried a stable outlook. TSH Sukuk Musyarakah is a special purpose funding vehicle of TSH Resources Berhad. The issuer had fully redeemed its outstanding amount of RM50.0 million under the programme on April 4, 2018. The programme...

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Wednesday, Jan 10, 2018
MARC has affirmed its rating of AA-IS on TSH Sukuk Ijarah Sdn Bhd’s (TSH Sukuk Ijarah) RM300.0 million Islamic Medium-Term Notes (IMTN) Programme. The outlook is stable. TSH Sukuk Ijarah is one of three special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) operations. The others are TSH Sukuk Musyarakah Sdn Bhd and TSH Sukuk Mura...

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Wednesday, Jan 10, 2018
MARC has affirmed its ratings of MARC-1IS /AA-IS on TSH Sukuk Murabahah Sdn Bhd’s (TSH Sukuk Murabahah) RM50.0 million Islamic Commercial Papers (ICP) and RM150.0 million Islamic Medium-Term Notes (IMTN) Programmes. The outlook is stable. TSH Sukuk Murabahah is one of three special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) op...

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Wednesday, Jan 10, 2018
MARC has affirmed its rating of AAAIS(fg) on special-purpose vehicle TSH Sukuk Musyarakah Sdn Bhd’s (TSH Sukuk Musyarakah) RM100.0 million Guaranteed Islamic Medium-Term Notes (IMTN) Programme. The outlook is stable. TSH Sukuk Musyarakah is one of three special purpose funding vehicles set up by its parent, TSH Resources Berhad (TSH), to fund TSH’s crude palm oil (CPO) operations. The others ...

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Friday, Jun 23, 2017
MARC has assigned a final rating of AAIS to Sime Darby Plantation Sdn Bhd’s (SDP) Perpetual Subordinated Sukuk Programme of up to RM3.0 billion (Perpetual Sukuk). The outlook on the rating is stable.Upon review of the final documentation of the proposed issuance, MARC is satisfied that the terms and conditions of the Perpetual Sukuk have not changed in any material way from the draft documentati...

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