Press Releases - Category: Trading/Services
Displaying 1-10 of 13 results.
Friday, Jun 12, 2020
MARC has affirmed its short-term rating of MARC-2IS on Bina Darulaman Berhad’s (BDB) RM100.0 million Islamic Commercial Papers (ICP) Programme. The affirmed rating incorporates BDB’s status as a Kedah state-owned entity that has benefitted from state support in securing contracts for its road building division and facilitating land acquisition for its property division. The rating is cons...

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Thursday, Sep 05, 2019
MARC has affirmed its short-term rating of MARC-2IS on Bina Darulaman Berhad’s (BDB) RM100.0 million Islamic Commercial Papers (ICP) Programme. The outstanding notes under the programme stood at RM30.0 million as at end-August 2019. The affirmed rating incorporates BDB’s moderate debt level and the group’s improved business prospects that should lead to a financial turnaround over the ...

This article has been viewed 227 times.
Friday, Jun 29, 2018
MARC has affirmed its short-term rating of MARC-2IS on investment holding company Bina Darulaman Berhad’s (BDB) RM100.0 million Islamic Commercial Papers (ICP) Programme. The outlook for the rating is stable. The outstanding notes under the programme stood at RM50.0 million as at end-March 2018. The rating affirmation primarily reflects BDB’s strong liquidity position and moderate debt l...

This article has been viewed 365 times.
Tuesday, Jun 20, 2017
MARC has assigned a final short-term rating of MARC-2IS to Bina Darulaman Berhad’s (BDB) proposed RM100.0 million Islamic Commercial Papers (ICP) Programme. The outlook for the rating is stable. Upon review of the final documentation of the issuance, MARC is satisfied that the terms and conditions of the ICP have not changed in any material way from the draft documentation on which the ea...

This article has been viewed 408 times.
Wednesday, Jun 14, 2017
MARC has assigned a preliminary short-term rating of MARC-2IS to Bina Darulaman Berhad’s (BDB) proposed RM100.0 million Islamic Commercial Papers (ICP) Programme. The outlook for the rating is stable. The rating primarily reflects BDB’s moderate business and financial profile, characterised by improving profitability on the back of increased property development activities and a secured ...

This article has been viewed 416 times.
Wednesday, Jul 07, 2010
MARC has withdrawn its rating of MARC-1(bg) and AAA(bg) on Bluwater Developments Berhad’s RM47 million bank guaranteed commercial papers and RM 130 million bank guaranteed serial bonds respectively. The rating withdrawal follows the final redemption of its outstanding amount and cancellation of the facility on June 25, 2010, as confirmed by its lead arranger, Maybank Investment Bank Berhad.C...

This article has been viewed 599 times.
Thursday, Jan 07, 2010
MARC has affirmed the ratings of Bluwater Developments Berhad’s (Bluwater) RM47 million Bank Guaranteed Commercial Papers (CPs) and RM130 million Bank Guaranteed Serial Bonds (Bonds) at MARC-1(bg) and AAA(bg) respectively. The ratings carry a stable outlook. The affirmed ratings and outlook are underpinned by the unconditional and irrevocable bank guarantee provided by Malayan Banking Berhad...

This article has been viewed 610 times.
Tuesday, Jul 07, 2009
MARC has affirmed its MARC-1(bg) and AAA(bg) ratings of Bluwater Developments Berhad’s (Bluwater) (formerly known as Mines Resort Berhad) short- and long-term ratings of its RM47 million Bank Guaranteed Commercial Papers (CPs) and RM130 million Bank Guaranteed Serial Bonds (Bonds) respectively. The ratings carry a stable outlook. The affirmed ratings and outlook are underpinned by the uncond...

This article has been viewed 634 times.
Thursday, Nov 22, 2007
MARC has reaffirmed the short and long term ratings of Mines Resort Berhad’s (MRB) Bank Guaranteed Commercial Papers and Bank Guaranteed Serial Bonds at MARC-1(bg) and AAA(bg) respectively. The reaffirmed ratings reflect the strength of an unconditional and irrevocable guarantee provided by Malayan Banking Berhad (Maybank). The stable ratings outlook mirrors that of Maybank’s.  Ma...

This article has been viewed 645 times.
Tuesday, Nov 07, 2006
MARC has reaffirmed the short and long-term ratings of Mines Resort Berhad’s (MRB) Bank Guaranteed Commercial Papers and Bank Guaranteed Serial Bonds at MARC-1(bg) and AAA(bg) respectively, reflecting the unconditional and irrevocable guarantee provided by Malayan Banking Berhad (Maybank). On a stand alone basis, MARC maintains a cautious outlook for MRB, reflecting delays in its proposed pr...

This article has been viewed 638 times.