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Thursday, Jul 22, 2010
MARC AFFIRMS ITS AID RATING ON ANTARA STEEL MILLS SDN BHD’S RM500 MILLION BaIDS FACILITY, REVISES OUTLOOK TO POSITIVE
MARC has affirmed the rating of Antara Steel Mills Sdn Bhd’s (Antara) RM500 million Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) at AID. The rating outlook is revised to positive from stable. The affirmed rating and outlook revision incorporates Antara’s overall operating profile and r...
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Wednesday, Oct 14, 2009
MARC AFFIRMS ITS AID RATING ON ANTARA STEEL MILLS SDN BHD’S RM500 MILLION BaIDS FACILITY; REMOVES RATINGS FROM MARCWATCH NEGATIVE
MARC has affirmed the AID rating on Antara Steel Mills Sdn Bhd’s (Antara) RM500.0 Million Bai’ Bithaman Ajil Islamic Debt Securities and concurrently removed the rating from MARCWatch Negative where it had been since February 3, 2009 over concerns on the financial impact of a three-month shutdown ...
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Tuesday, Sep 15, 2009
ANTARA STEEL MILLS SDN BHD’S AID RATING ON ITS RM500 MILLION BaIDS REMAINS ON MARCWATCH NEGATIVE
MARC continues to maintain its AID rating on Antara Steel Mills Sdn Bhd’s (Antara) RM500 million Bai’ Bithaman Ajil Islamic Debt Securities (BAIDS) Programme on MARCWatch Negative pending the conclusion of our ongoing review of its rating for possible downgrade. The BaIDS was initially placed on M...
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Thursday, May 21, 2009
ANTARA STEEL MILLS SDN BHD’S AID RATING ON ITS RM500 MILLION BaIDS REMAINS ON MARCWATCH NEGATIVE
MARC’s AID rating on Antara Steel Mills Sdn Bhd’s (Antara) RM500 million Bai’ Bithaman Ajil Islamic Debt Securities (BAIDS) Programme remains on MARCWatch Negative pending finalisation of our ongoing rating review. The BaIDS had been placed on MARCWatch Negative on February 3, 2009 due to co...
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Tuesday, Feb 3, 2009
MARC PLACES ITS AID RATINGS ON ANTARA STEEL MILLS SDN BHD’S BaIDS ON MARCWATCH NEGATIVE
MARC has placed its AID ratings on Antara Steel Mills Sdn Bhd’s (Antara) RM500 million Bai’ Bithaman Ajil Islamic Debt Securities (BAIDS) Programme on MARCWatch Negative. The rating action follows recent confirmation from Antara that its Labuan-based Hot Briquetted Iron (HBI) plant had remained sh...
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Wednesday, Feb 20, 2008
MARC AFFIRMS THE AID RATING OF ANTARA STEEL MILLS SDN BHD’S (ANTARA) RM500.0 MILLION BAI’ BITHAMAN AJIL ISLAMIC DEBT SECURITIES (BaIDS OR ISLAMIC DEBT) AND REVISES THE OUTLOOK TO POSITIVE FROM STABLE
MARC has affirmed the rating of Antara Steel Mills Sdn Bhd’s (Antara) Islamic debt at AID  and revised the outlook to positive from stable. The rating affirmation reflects the strong recovery of Antara’s HBI operations in Labuan, which contributed substantially to the group’s bottom lin...
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Thursday, Sep 14, 2006
MARC DOWNGRADES ANTARA STEEL MILLS SDN BHD’S (“ANTARA”) RM500 MILLION BAI’ BITHAMAN AJIL ISLAMIC DEBT SECURITIES (BaIDS) RATING TO A ID WITH A STABLE OUTLOOK
MARC has downgraded the rating of Antara Steel Mill Sdn Bhd’s (“Antara”) Islamic debt from A+ID to AID  with a stable outlook. The rating reflects the deterioration in the financial profile of the company arising from the under performance in FY2006 of its billets ...
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Monday, Apr 10, 2006
MARC PLACES ANTARA STEEL MILLS SDN BHD’S (“ANTARA”) RM500 MILLION BAI’ BITHAMAN AJIL ISLAMIC DEBT SECURITIES (BaIDS) ON MARCWATCH WITH NEGATIVE OUTLOOK
MARC has placed Antara Steel Mills Sdn Bhd’s (“Antara”) RM500 million Bai’ Bithaman Ajil Islamic debt securities (BaIDS) on MARCWatch with Negative Outlook. Antara’s initial rating of A+ ID was assigned in August 2005. This action is based on Antara’s disclosure to MARC on 3 April 2006 on the shutdown of the groups HBI plant in Labuan since 31 October 2005 and the failure on the part of Antara to ...
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Thursday, Aug 25, 2005
MARC ASSIGNS A+ID TO ANTARA STEEL MILLS SDN BHD’S PROPOSED RM500 MILLION BAI’ BITHAMAN AJIL ISLAMIC DEBT SECURITIES
MARC has assigned a rating of A+ID (A Plus, Islamic Debt) to Antara Steel Mill Sdn Bhd’s (Antara) proposed RM500 million Bai’ Bithaman Ajil Islamic Debt Securities. The rating is supported by Antara’s association with one of the largest steel players in Malaysia, the Lion Group; good operating track record; strong overseas demand for its hot briquetted iron (HBI); tight issue structure and sustain...
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