Rating Announcements

MARC Ratings has upgraded its rating on Grand Sepadu (NK) Sdn Bhd’s RM210.0 million Sukuk Murabahah to AAIS from AA-IS. Concurrently, the rating outlook has been revised to stable from positive. The upgrade reflects Grand Sepadu’s strengthened financial profile, driven by ongoing debt reduction, consistent traffic demand and cash flow generation, and a demonstrated track […]

MARC Ratings has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings at AAA/MARC-1/Stable. Concurrently, the rating agency has affirmed its ratings on CIMB Islamic’s sukuk issuances 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 Islamic’s FI

MARC Ratings has affirmed its corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group) and AA rating on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The outlook on all ratings is stable. CIMB Group is the non-operating financial holding company of the country’s second-largest banking group with total

MARC Ratings has affirmed its financial institution ratings on CIMB Bank Berhad at AAA/MARC-1. The rating agency has concurrently affirmed its AA+ rating on the bank’s existing RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable. The affirmation reflects CIMB Bank’s systemic importance within the domestic banking system, with its

MARC Ratings has affirmed OCK Group Berhad’s (OCK) Islamic Commercial Papers (ICP) Programme rating at MARC-1IS and its Sukuk Murabahah Programme rating at AA-IS/Stable. The rating agency has considered the potential reduction in OCK’s ICP Programme to RM200.0 million (from RM500.0 million) and the concurrent increase in its Sukuk Murabahah Programme to RM1.0 billion (from

MARC Ratings has affirmed its AAIS/Stable rating on port operator Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) Islamic Medium-Term Notes (Sukuk Murabahah) Programme which will be upsized to RM3.5 billion from RM2.15 billion. The rating reflects PTP’s strong position as a major container transshipment port operator in the region, improved operating efficiency and healthy cash flow

MARC Ratings has affirmed its rating of A+IS on Sunsuria Berhad’s RM500.0 million Sukuk Wakalah Programme. The rating outlook is stable. The total outstanding amount under the programme stood at RM106 million as at end-February 2025. Sunsuria’s conservative approach to property development, healthy overall take-up rates and low-to-moderate leverage position remain key rating drivers. Moderating

MARC Ratings has assigned final ratings of AAA/AAAIS to Cagamas Berhad’s RM80.0 billion Conventional/Islamic Medium-Term Notes (MTN/IMTN) Programmes. The outlook on the ratings is stable. The rating agency has reviewed the final documentation for the programmes and is satisfied that the terms and conditions have not changed in any material way from the draft documentation

MARC Ratings has withdrawn its A+IS rating on UiTM Solar Power Sdn Bhd’s RM240.0 million Sukuk Programme. The rating withdrawal follows the full redemption of the outstanding amount under the programme and the subsequent cancellation of the programme, as confirmed by the facility agent on May 20, 2025. Accordingly, MARC Ratings will no longer provide