Press Releases - Category: Plantations
Displaying 1-10 of 120 results.
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MARC has withdrawn its AAAIS(fg) rating on TSH Sukuk Musyarakah Sdn Bhd’s RM100.0 million Danajamin-guaranteed Islamic Medium-Term Notes (IMTN) programme.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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Friday, Jun 09, 2017
MARC has assigned a preliminary rating of AAIS to Sime Darby Plantation Sdn Bhd’s (SDP) Perpetual Subordinated Sukuk Programme of up to RM3.0 billion (Perpetual Sukuk) with a stable outlook. The Perpetual Sukuk is a novation of the existing Perpetual Sukuk of Sime Darby Berhad, currently the holding company of SDP. The existing outstanding amount under the Perpetual Sukuk is RM2.2 billion....

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Thursday, May 25, 2017
MARC has assigned a corporate credit rating of AAA to Sime Darby Plantation Sdn Bhd (SDP) with a stable outlook. The long-term rating benefits from a one-notch rating uplift for implicit support from government-linked investment company Permodalan Nasional Berhad (PNB), who will become SDP’s new direct majority shareholder upon the completion of the reorganisation of conglomerate Sime Darby Ber...

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Monday, Nov 07, 2016
MARC has affirmed its rating of AAAIS(fg) on special purpose vehicle TSH Sukuk Musyarakah Sdn Bhd’s (TSH Musyarakah) RM100.0 million Guaranteed Islamic Medium-Term Notes programme (Sukuk Musyarakah) with a stable outlook. The affirmed rating and outlook are based on the unconditional and irrevocable financial guarantee insurance provided by Danajamin Nasional Berhad (Danajamin) on which MARC ma...

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Monday, Nov 07, 2016
MARC has affirmed its ratings of MARC-1IS /AA-IS on special purpose entity TSH Sukuk Murabahah Sdn Bhd’s (TSH Murabahah) RM50.0 million Islamic Commercial Paper (ICP) and RM150.0 million Islamic Medium-Term Note (IMTN) programmes. The outlook is stable. The ratings affect the outstanding amount of RM150.0 million as at September 15, 2016 under the rated programmes. TSH Murabahah is a special pu...

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