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MARC Ratings has affirmed its ratings of AAAIS(cg) /MARC-1IS(cg) on F&N Capital Sdn Bhd’s Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a combined limit of up to RM3.0 billion. The ratings outlook is stable. The ratings reflect the credit strength of Fraser & Neave Holdings Bhd (F&NHB), as the parent unconditionally …
MARC Ratings has affirmed its rating of AA-IS on Guan Chong Berhad’s (GCB) Sukuk Wakalah Programme of up to RM800.0 million with a stable outlook. The outstanding under the programme currently stands at RM600.0 million. GCB’s established market position in the midstream cocoa supply chain — as the largest cocoa grinder in Asia and fourth …
MARC Ratings affirms AA-IS rating on Guan Chong’s RM800.0 million sukuk programme Read More »
MARC Ratings has affirmed its long-term and short-term financial institution (FI) ratings of AAA/MARC-1/Stable on Islamic Development Bank (IsDB). Concurrently, MARC Ratings has affirmed the rating of AAAIS on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad, a trust established by IsDB. The affirmed FI ratings continue to be …
MARC Ratings affirms Islamic Development Bank’s AAA/MARC-1 ratings with stable outlook Read More »
MARC Ratings has affirmed its ratings on Putrajaya Holdings Sdn Bhd’s (PJH) outstanding issuances as follows: • RM1.0 billion 20-year Sukuk Wakalah Programme (due 2041) at AAAIS • RM370.0 million Sukuk Musharakah Programme (due 2030) at AAAIS • RM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS; and • RM1.5 billion Sukuk Musharakah Medium-Term Notes …
MARC Ratings affirms ratings on Putrajaya Holdings’ sukuk programmes Read More »
MARC Ratings has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Sukuk Wakalah Programme. The rating outlook is stable. The rating affirmation is premised on the quantum of the periodic payment streams from the Malaysian government (AAA/Stable) in the form of availability charges (AC) that is deemed sufficient to meet the …
MARC Ratings affirms Putrajaya Bina’s sukuk programme rating Read More »
MARC Ratings has affirmed its ratings of MARC-1IS /AIS on Gabungan AQRS Berhad’s (GBG) RM200.0 million Islamic Commercial Papers (ICP)/Islamic Medium-Term Notes (IMTN) Programme. The ratings outlook is stable. The total outstanding balance under the programme stood at RM35.0 million ICP as at end-April 2023. The long-term rating mainly reflects GBG’s moderate construction order book …
MARC Ratings affirms MARC-1IS/AIS ratings on Gabungan AQRS’ ICP/IMTN programme Read More »
MARC Ratings has affirmed its ratings of MARC-1IS/AA-IS on Johor Port Berhad’s (JPB) Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme with a combined limit of RM1.0 billion. The long-term rating carries a stable outlook. JPB operates Johor Port, a gateway port in Pasir Gudang, under a concession agreement expiring on March …
MARC Ratings affirms Johor Port Berhad’s rating at MARC-1IS/AA-IS Read More »
MARC Ratings has affirmed its MARC-1IS/AAIS ratings on Alam Flora Sdn Bhd’s RM700 million Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) programmes with a stable outlook. The rating affirmation remains underpinned by the strength of Alam Flora’s long-term concession agreement (CA) for waste collection and public cleansing with the Government of Malaysia. The affirmation …
MARC Ratings affirms MARC-1IS/AAIS ratings on Alam Flora’s sukuk Read More »
MARC Ratings has affirmed its rating on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion at AA-IS with a stable outlook. The rating affirmation is driven by the strong operational track record and healthy cash flow generation of PPSB, the operator of Penang Port, a key trade gateway …
MARC Ratings has assigned final ratings of MARC-1IS/AAAIS to PETRONAS Dagangan Berhad’s Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme with a combined limit of up to RM10.0 billion in nominal value. The ratings outlook is stable. The rating agency has reviewed the final documentation for the programmes and is satisfied that …