Rating Announcements

MARC Ratings has assigned final ratings of AA-(cg)/MARC-1(cg) to Moneymax Treasure Sdn Bhd’s (MTSB) RM200.0 million Tranche 1 (including RM50.0 million Commercial Papers sub-limit) under its RM500.0 million Commercial Papers/ Medium-Term Notes (CP/MTN) Programme. The rating outlook is stable. The facility is jointly and severally, irrevocably and unconditionally guaranteed by Cash Online Sdn Bhd and […]

MARC Ratings has assigned preliminary AA+IS/MARC-1IS ratings to TH Properties Sdn Bhd’s proposed Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) Programmes with a combined aggregate limit of up to RM750 million. The outlook on the long-term rating is stable. The ratings reflect TH Properties’ status as a wholly-owned property development and facilities management

MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) outstanding RM605.0 million Green Sustainable and Responsible Investment (SRI) Sukuk with a stable outlook. QSP Semenanjung owns three 50MW power plants located in Gurun, Kedah; Jasin, Melaka; and Merchang, Terengganu. The rating is underpinned by QSP Semenanjung’s diversified portfolio

MARC Ratings has affirmed its AA-IS rating on Farm Fresh Berhad’s Islamic Medium-Term Notes (IMTN) Programme of RM1.0 billion under the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah Programme). The rating outlook is stable. The outstanding under the rated programme was RM625.0 million as at end-March 2026. Farm Fresh’s leading market share of 60.0%

MARC Ratings has maintained the MARCWatch Developing status on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), where it has remained since 1 August 2024 following the announcement of its voluntary withdrawal from the Malaysian market and planned wind-down of operations, in alignment with KFH Group’s strategic focus on the Middle East. Progress on the divestment

MARC Ratings has affirmed its AAAIS(bg) rating on Ranhill Sabah Energy II Sdn Bhd’s (RSEII) outstanding RM200.0 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating reflects the unconditional and irrevocable guarantee provided by Bank Pembangunan Malaysia Berhad (BPMB), rated AAA/Stable by MARC Ratings. RSEII owns and operates the 190MW combined-cycle gas

MARC Ratings has affirmed its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) at AA-. The rating outlook is stable. Segi Astana is the concessionaire for the integrated complex, gateway@klia2, at the Kuala Lumpur International Airport Terminal 2 (KLIA Terminal 2) in Sepang, Selangor. The rating affirmation reflects Segi Astana’s

MARC Ratings has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings at AAA/MARC-1 with a stable outlook. Concurrently, the rating agency has affirmed its ratings on CIMB Islamic’s sukuk programmes as follows: RM10.0 billion Senior Sukuk Wakalah Programme (Sukuk Wakalah) at AAAIS/Stable RM5.0 billion Tier 2 Junior Sukuk Programme at AA+IS/Stable CIMB