The MARC Group of Companies comprises MARC Ratings, MARC Solutions, MARC Data and MARC Learning.
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MARC Ratings has affirmed its AA-IS rating on SHC Capital Sdn Bhd’s RM80 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme with a stable outlook. SHC Capital is a wholly-owned funding vehicle of Tunas Cool Energy Sdn Bhd (TUNAS), which is a subsidiary of Sin Heng Chan (Malaya) Berhad. TUNAS owns …
MARC Ratings has assigned a sub-sovereign credit rating of AA- with a stable outlook to the state of Kedah, based on the rating agency’s sub-sovereign rating scale. This is an unsolicited rating based on public information. Kedah’s rating is underpinned by its rising economic growth potential, supported by an expanding industrial base, and generally prudent …
MARC Ratings assigns sub-sovereign rating of AA- to Kedah Read More »
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. 7-Eleven Holdings’ entrenched market position in the domestic convenience store segment and its long operating track record remain key rating strengths. These strengths …
MARC Ratings affirms AA- rating on 7-Eleven Holdings’ MTN Programme Read More »
MARC Ratings has affirmed its AA-IS /Stable rating on AFA PRIME Berhad’s (formerly ANIH Berhad) RM2.5 billion Senior Sukuk Musharakah Programme. The current outstanding amount is RM1.1 billion. AFA PRIME is the toll concessionaire for the 60-km Kuala Lumpur-Karak Highway (KL-Karak) and the 174.5-km East Coast Expressway Phase 1 (ECE1). Since MARC Ratings’ last review, …
MARC Ratings has affirmed its financial institution ratings of A+/MARC-1/Stable on Bank Muamalat Malaysia Berhad (BMMB). The rating agency has concurrently affirmed its ratings on the bank’s Sukuk Wakalah Programme of up to RM5.0 billion as follows: Senior Sukuk Wakalah at A+IS /Stable Tier-2 Subordinated Sukuk Wakalah at AIS /Stable Additional Tier-1 (AT-1) Sukuk Wakalah …
MARC Ratings has affirmed its MARC-1IS/AAIS ratings on Alam Flora Sdn Bhd’s RM700 million Islamic Commercial Papers/ Islamic Medium-Term Notes (ICP/IMTN) Programmes with a stable outlook. The affirmation reflects Alam Flora’s stable cash flows under its 22-year waste collection and public cleansing concession agreement with the government (ending 31 August 2033), strong liquidity, and proven …
MARC Ratings affirms Alam Flora’s MARC-1IS/AAIS ratings Read More »
MARC Ratings has assigned final ratings of MARC-1IS/AAIS to Northport (Malaysia) Bhd’s RM1.0 billion Islamic Commercial Papers (ICP) Programme/ Islamic Medium-Term Notes (IMTN) Programme (Sukuk Wakalah Programmes). The ICP programme has a sublimit of RM500 million. The long-term rating outlook is stable. The rating agency has reviewed the final documentation for the programmes and is …
MARC Ratings assigns final ratings to Northport’s RM1.0 billion Sukuk Wakalah Programmes Read More »
MARC Ratings has affirmed its ratings on Sunway Group’s issuances as follows: Sunway Berhad’s RM2.0 billion Commercial Papers/ Medium-Term Notes (CP/MTN) Programme at MARC-1/AA- Sunway Berhad’s RM5.0 billion Perpetual Sukuk Programme at AIS Sunway Treasury Sukuk Sdn Bhd’s RM10.0 billion Islamic Medium-Term Notes (IMTN) Programme at AA-IS; and Sunway Treasury Sukuk Sdn Bhd’s RM10.0 billion …
MARC Ratings affirms ratings on Sunway Group’s issuances Read More »
MARC Ratings has affirmed its rating of AIS on HCK Cap Access Berhad’s RM2.0 billion Islamic Medium-Term Notes (IMTN) Programme. HCK Cap Access is a wholly-owned funding vehicle of HCK Capital Group Berhad (HCK). The rating outlook is stable. HCK has completed several mixed-development projects with educational establishments being a catalyst for sales. Completed projects …
MARC Ratings affirms rating of AIS on HCK’s RM2.0 billion sukuk programme Read More »
MARC Ratings has affirmed its ratings of AAAIS(cg)/MARC-1IS(cg) on F&N Capital Sdn Bhd’s Islamic Medium-Term Notes (IMTN)/ Islamic Commercial Papers (ICP) Programmes with a combined limit of up to RM3.0 billion. The rating outlook is stable. F&N Capital is a wholly-owned funding vehicle of Fraser & Neave Holdings Bhd (F&NHB) which has provided an unconditional …