Press Releases - Category: Property
Displaying 1-10 of 437 results.
Thursday, Feb 21, 2019
MARC has affirmed its ratings of MARC-1IS/AA-IS on UEM Sunrise Berhad’s two Islamic Commercial Papers and Islamic Medium-Term Notes programmes (ICP/IMTN-1 and ICP/IMTN-2). The ratings outlook is stable. The ICP/IMTN programmes each has a programme limit of RM2.0 billion with a sublimit of RM500.0 million on the ICP issuances. The ratings affirmation incorporates UEM Sunrise’s longstandin...

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Friday, Feb 08, 2019
MARC has affirmed its rating of AAIS on Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). The rating outlook is stable. The rating applies only to ringgit-denominated notes issued under the multi-currency sukuk. Fortune Premiere is a wholly-owned funding vehicle of IOI Properties Group Berhad (IOI Properties) which has provided a...

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Wednesday, Jan 30, 2019
MARC has affirmed its AA- rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes facility (MTN facility). The rating outlook has been revised to negative from stable. The revised outlook mirrors that of its parent WCT Holdings Berhad (AA-/negative) which has provided a cash deficiency support undertaking that was the basis of a one-notch rating uplift from Segi Astana’s...

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Friday, Jan 18, 2019
MARC has affirmed its long-term ratings of AAA, AA and A on Kinabalu Capital Sdn Bhd’s (Kinabalu Capital) Issue 1 of RM220 million Class A, RM40 million Class B and RM20 million Class C medium-term notes (MTN). The rating agency also affirmed its MARC-1 rating on the commercial papers (CP) of up to RM280 million under the issuance.&nbs...

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Wednesday, Jan 09, 2019
MARC has affirmed its ratings on Putrajaya Holdings Sdn Bhd’s (PJH) issuances under the following programmes: RM370.0 million Sukuk Musharakah Programme (due 2030) at AAAIS/stable; RM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS/stable; RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme (due 2033) at AAAIS/stable The ratings affirmation is mainly premis...

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Wednesday, Nov 21, 2018
MARC has affirmed its ratings of MARC-1/AA- and MARC-1IS(cg)/AA-IS(cg) on Sunway Berhad’s (Sunway) RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) programme and Sunway Treasury Sukuk Sdn Bhd’s (STSSB) RM2.0 billion Sukuk programme. STSSB’s Sukuk programme carries an Al-Kafalah guarantee from Sunway. The affirmation is premised on Sunway Group’s expected total debt level of RM10...

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Thursday, Nov 15, 2018
MARC has affirmed its ratings on Berjaya Land Berhad’s (BLand) outstanding RM500.0 million Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Berhad (Danajamin) at AAA(fg) and RM150.0 million MTN Programme guaranteed by OCBC Bank (Malaysia) Berhad (OCBC Malaysia) at AAA(bg). The outlook on the ratings is stable. The affirmed ratings reflect the unconditional and irrevocable...

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Tuesday, Oct 30, 2018
MARC has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) 11-year Fixed Rate Serial Bonds of RM120.0 million. The rating carries a stable outlook. CISB is the owner of the AEON Klebang shopping mall in Ipoh. The affirmed rating reflects the credit strength of AEON Co. (M) Berhad (AEON), whose fixed lease payments to CISB as a principal lessee of the mall are deemed sufficient...

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Wednesday, Oct 10, 2018
MARC has affirmed its AAAIS rating with a stable outlook on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme. PBSB is developing nine blocks of government office buildings and one block of shared facilities in Parcel F, Precinct 1, Putrajaya under a 28-and-a-half-year concession agreement with the Malaysian government. The RM1.9 billion dev...

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Monday, Aug 27, 2018
MARC has removed its MARC-1/AA ratings on Murud Capital Sdn Bhd’s Senior Commercial Papers/Medium-Term Notes (Senior CP/MTN) programme of up to RM290.0 million from MARCWatch Negative. Concurrently, MARC has attached a negative outlook to the ratings. Murud Capital is the funding vehicle for MRCB-Quill REIT, the owner of Platinum Sentral, a commercial building with net lettable area (NLA) ...

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