Rating Announcements

MARC Ratings assigns “Gold” Impact Assessment to Paramount’s Sustainability-Linked Financing Framework

MARC Ratings has assigned a “Gold” Impact Assessment to Paramount Corporation Berhad’s Sustainability-Linked Financing Framework. The framework has been established to set the guiding principles for Paramount’s issuance of Sustainability-Linked Financing to achieve sustainability performance targets (SPTs) in relation to selected key performance indicators (KPIs). Bursa Malaysia-listed Paramount has been involved in property development since …

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MARC Ratings affirms Konsortium KAJV’s AA-IS rating

MARC Ratings has affirmed its AA-IS rating on Konsortium KAJV Sdn Bhd’s (KAJV) RM1.0 billion Sukuk Wakalah Programme with a stable outlook. The rating mirrors Terengganu’s sub-sovereign AA-/Stable rating and reflects the capacity of the Terengganu state government to meet its payment obligations due on the Facility Payment Certificates (FPC) it issued for work completed …

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MARC Ratings revises Tropicana’s ratings outlook to stable

MARC Ratings has revised its outlook on Tropicana Corporation Berhad’s rated programmes to stable from negative. Concurrently, the ratings on the programmes, the RM1.5 billion Islamic Medium-Term Notes (IMTN) (Sukuk Wakalah) and RM2.0 billion Perpetual Sukuk, have been affirmed at AIS and A-IS. The outlook revision considers the improved credit profile of Tropicana, driven by …

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MARC Ratings withdraws Bank Muamalat’s RM2.0 billion Senior Sukuk Programme rating

MARC Ratings has withdrawn its rating of A+IS on Bank Muamalat Malaysia Berhad’s RM2.0 billion Senior Sukuk Programme. The rating withdrawal follows the termination of the programme as confirmed by the facility agent on April 23, 2024. MARC Ratings’ analytical coverage on Bank Muamalat’s issuance is now limited to the bank’s RM5.0 billion Sukuk Wakalah …

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MARC Ratings assigns preliminary MARC-1IS rating to OCK’s proposed ICP Programme and affirms its Tranche 1 Sukuk rating at AA-IS

MARC Ratings has assigned a preliminary MARC-1IS rating to OCK Group Berhad’s (OCK) proposed RM500.0 million Islamic Commercial Papers (ICP) Programme. The rating agency has concurrently affirmed its AA-IS/Stable rating on OCK’s RM400.0 million Tranche 1 Sukuk Murabahah under its RM700 million Sukuk Murabahah Programme. As at end-February 2024, the outstanding amount under the Sukuk …

MARC Ratings assigns preliminary MARC-1IS rating to OCK’s proposed ICP Programme and affirms its Tranche 1 Sukuk rating at AA-IS Read More »