Rating Announcements

MARC Ratings has affirmed its rating of AA-IS with a stable outlook on MY E.G. Services Berhad’s (MYEG) Islamic Medium-Term Notes Programme of up to RM1.0 billion in nominal value. The rating affirmation incorporates MYEG’s well-established position as a concessionaire for e-government services, diversified revenue from non-concession businesses, high operating margin and healthy cash flow …

MARC Ratings affirms MYEG’s AA-_IS rating Read More »

MARC Ratings has maintained its ratings of AAIS/AA on funding vehicle OSK Rated Bond Sdn Bhd’s Sukuk Murabahah/ Multi-Currency Medium-Term Notes (Sukuk/MCMTN) Programmes which will be upsized to RM3.5 billion from RM2.0 billion. The ratings outlook is stable. The programmes carry an unconditional and irrevocable guarantee from OSK Holdings Berhad (OSK). The ratings continue to …

MARC Ratings maintains OSK unit’s Sukuk/MCMTN ratings on proposed upsize of up to RM3.5 billion Read More »

MARC Ratings has affirmed its AA-IS rating on Cerah Sama Sdn Bhd’s RM420.0 million Sukuk with a stable outlook. The outstanding currently stands at RM270.0 million. The rating affirmation reflects the traffic resilience on Cerah Sama’s mature Cheras-Kajang Highway and the company’s stable cash flow generation. The rating also reflects Cerah Sama’s strong liquidity position …

MARC Ratings affirms Cerah Sama’s AA-_IS rating Read More »

MARC Ratings has withdrawn its rating of AAAIS on MBSB Bank Berhad’s Tranche 2 under the RM2.295 billion Structured Covered Sukuk Murabahah facility. The rating withdrawal follows the full redemption of the outstanding amount of RM55.0 million on December 10, 2024, as confirmed by the facility agent. MARC Ratings’ analytical coverage on the Structured Covered …

MARC Ratings withdraws rating on MBSB Bank’s Tranche 2 Structured Covered Sukuk Murabahah Read More »

MARC Ratings has affirmed its ratings of MARC-1IS /AAIS on Cellco Capital Berhad’s (Cellco) RM520 million Issue 1 issued under its Islamic Commercial Papers/ Islamic Medium-Term Notes (Sukuk Ijarah) Programme with a combined limit of up to RM1.0 billion. The rating outlook is stable. Cellco is a special-purpose entity set up to raise funds via …

MARC Ratings affirms Cellco’s MARC-1_IS/AA_IS ratings Read More »

MARC Ratings has affirmed its rating of AAIS(cg) on Sunway Healthcare Treasury Sdn Bhd’s (SH Treasury) Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM5.0 billion. The rating outlook is stable. The rating reflects the credit strength of parent Sunway Healthcare Holdings Sdn Bhd (SHH), based on SHH’s unconditional and irrevocable guarantee on the …

MARC Ratings affirms Sunway Healthcare Treasury’s rating Read More »

MARC Ratings has affirmed its rating on Sime Darby Property Berhad’s (SD Property) RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Musharakah) at AA+IS with a stable outlook. The outstanding under the rated programme stood at RM1.4 billion as at November 30, 2024. The rating continues to reflect SD Property’s strong sales track record from …

MARC Ratings affirms AA+_IS rating on Sime Darby Property’s Sukuk Musharakah Programme Read More »

MARC Ratings has upgraded its rating on UEM Edgenta Berhad’s Islamic Medium-Term Notes (IMTN) under its RM1.0 billion Sukuk Murabahah Programme to AAIS from AA-IS. Accordingly, the rating outlook has been revised to stable from positive. The outstanding sukuk remains at RM250.0 million. The rating upgrade is premised on UEM Edgenta’s strengthened business profile underpinned …

MARC Ratings upgrades UEM Edgenta’s sukuk rating to AA_IS Read More »

MARC Ratings has affirmed its financial institution rating of AAA on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. The rating reflects MARC Ratings’ assessment of very high governmental support to CGC based on CGC’s policy role in supporting micro, small and medium-sized enterprises (MSMEs) in the country, and Bank Negara Malaysia’s (BNM) …

MARC Ratings affirms AAA rating on Credit Guarantee Corporation Malaysia Read More »