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MARC Ratings has upgraded its rating on SAJ Capital Sdn Bhd’s Sukuk Murabahah Programme of up to RM650 million to AAIS from AA-IS, with a stable outlook. SAJ Capital is a wholly-owned funding vehicle of Ranhill Capital Sdn Bhd, which holds an 80% stake in Ranhill SAJ Sdn Bhd, Johor’s sole source-to-tap water services provider. […]
MARC Ratings upgrades rating on SAJ Capital’s Sukuk Murabahah to AAIS Read More »
MARC Ratings has affirmed its AAAIS(cg)/MARC-1IS(cg) ratings on F&N Capital Sdn Bhd’s Islamic Medium-Term Notes/ Islamic Commercial Papers (IMTN/ICP) Programmes with a combined limit of up to RM3.0 billion. The rating outlook is stable. As F&N Capital is a wholly-owned funding vehicle of Fraser & Neave Holdings Bhd (F&NHB), and the programmes are backed by
Sime Darby Property NEV (Holdings) Sdn Bhd (SDP NEV) has established a RM2.6 billion Sukuk Programme, the world’s first sukuk financing structure dedicated to data centre infrastructure. The sukuk programme is issued under a Green Finance Framework that was assigned a “Gold” Impact Assessment by MARC Solutions Sdn Bhd. Maybank Investment Bank Berhad (Maybank IB)
MARC Ratings has affirmed its AA- rating on 7-Eleven Malaysia Holdings Berhad’s (7-Eleven Holdings) RM600.0 million Medium-Term Notes (MTN) Programme with a stable outlook. The programme has an outstanding of RM350.0 million as of 30 June 2026. The rating on 7 Eleven Holdings reflects the group’s strong market position as the largest convenience store operator
MARC Ratings affirms AA- rating on 7-Eleven Holdings’ MTN Programme Read More »
MARC Ratings has affirmed its AAIS(cg) rating on VS Capital Management Sdn Bhd’s Islamic Medium-Term Notes programme of up to RM1.0 billion, with a stable outlook. The rating reflects the credit strength of parent company VS Industry Berhad (VSI), which provides an unconditional and irrevocable guarantee on the programme. VSI’s established track record, strong cash
MARC Ratings affirms AAIS(cg) rating on VS Capital Management Read More »
MARC Ratings has affirmed its A+IS(s) and AAAIS(bg) ratings on Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme of up to RM2.0 billion and bank-guaranteed Facilities of up to RM500.0 million. The latter is guaranteed by Bank Pembangunan Malaysia Berhad (BPMB) which carries a financial institution rating of AAA from MARC Ratings.
MARC Ratings affirms PLSUKE’s ratings with stable outlook Read More »
MARC Ratings has affirmed its AAIS rating on Berapit Mobility Sdn Bhd’s (BMSB) RM1.5 billion Sustainability Islamic Medium-Term Notes Programme with a stable outlook. BMSB is a special-purpose vehicle established by its parent, SMH Rail Sdn Bhd, to undertake sale-and-leaseback transactions with Railway Assets Corporation (RAC). Sukuk proceeds were utilised to partially finance the acquisition
MARC Ratings affirms AAIS rating on Berapit Mobility’s RM1.5 billion sukuk programme Read More »
MARC Ratings has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) outstanding RM3.2 billion sukuk with a stable outlook. TNB Western serves as the funding vehicle for TNB Manjung Five Sdn Bhd, an indirect wholly-owned subsidiary of Tenaga Nasional Berhad (TNB). TNB Manjung Five operates a 1,000MW coal-fired power plant in Manjung,
MARC Ratings affirms TNB Western Energy’s AAAIS rating Read More »
MARC Ratings has withdrawn its AAAIS(bg) rating on Ranhill Sabah Energy II Sdn Bhd’s (RSEII) RM710.0 million Islamic Medium-Term Notes (IMTN) Programme following the early redemption of the outstanding RM200.0 million under Tranche 2 on 16 June 2026 and the subsequent cancellation of the programme, as confirmed by the facility agent. Accordingly, MARC Ratings will
MARC Ratings has affirmed its AAIS rating on Grand Sepadu (NK) Sdn Bhd’s RM210.0 million Sukuk Murabahah with a stable outlook. The sukuk has an outstanding balance of RM15.0 million, which is due for repayment on 11 June 2027. The rating affirmation reflects Grand Sepadu’s low leverage and strong coverage metrics, supported by ongoing debt
MARC Ratings affirms Grand Sepadu’s rating with stable outlook Read More »