Rating Announcements

MARC Ratings has affirmed its AAA financial institution (FI) rating on Bank Pembangunan Malaysia Berhad (BPMB) following the bank’s acquisition of two development financial institutions (DFI), namely Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) and Export-Import Bank of Malaysia Berhad (EXIM Bank). BPMB acquired the DFIs from Minister of Finance (Incorporated) (MOF Inc). […]

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. The rating outlook is stable. The outstanding under the rated programme was RM300.0 million as at end-February 2025. The rating affirmation reflects Farm Fresh’s healthy market position in

MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) outstanding RM665.0 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 A+IS(s) and AAAIS(bg) ratings on Projek Lintasan Sungai Besi-Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme of up to RM2.0 billion and bank-guaranteed Facilities of up to RM500.0 million. The latter is guaranteed by Bank Pembangunan Malaysia Berhad which carries a financial institution rating of AAA from MARC Ratings. All

MARC Ratings has assigned preliminary ratings to S P Setia Berhad’s proposed sukuk programmes as follows: RM3.5 billion Islamic Medium-Term Notes (IMTN)/ Perpetual Sukuk Programme with a sublimit of RM1.5 billion on the Perpetual Sukuk at AAIS /A+IS. The ratings outlook is stable. RM500.0 million Islamic Commercial Papers Programme at MARC-1IS. MARC Ratings maintains its

MARC Ratings has revised its rating outlook on Sinar Kamiri Sdn Bhd’s outstanding RM170.0 million ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah to positive from stable. Concurrently, the AA-IS rating on the Sukuk Wakalah has been affirmed. The rating agency will upgrade Sinar Kamiri’s rating within the next 6–12 months provided the current

MARC Ratings has affirmed its ratings on funding vehicle TG Treasury Berhad’s RM3.0 billion Islamic Medium-Term Notes (IMTN)/ Perpetual Sukuk Programme at AA-IS(cg)/AIS(cg). The outlook on the ratings is stable. The IMTN/ Perpetual Sukuk carry an irrevocable and unconditional guarantee from TG Treasury’s parent Top Glove Corporation Bhd (Top Glove); therefore, the senior-ranked IMTN rating

MARC Ratings has assigned final long-term ratings of AAA (Class A MTN of up to RM220 million), AA (Class B MTN of up to RM40 million) and A (Class C MTN of up to RM40 million) to Trusmadi Capital Sdn Bhd’s Issue 2 under the Medium-Term Notes (MTN) Programme of RM3.0 billion. The outlook on

MARC Ratings has affirmed its AA-IS and A- ratings on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s (Kesturi) RM2.3 billion Sukuk Musharakah (Senior Sukuk) and RM180 million Redeemable Secured Junior Bonds with a stable outlook. The rating differential between the Senior Sukuk and Junior Bonds reflects the latter’s subordinated status in line with the rating agency’s