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MARC Ratings has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook. There is no outstanding amount under the programme to date. The rating affirmation continues to incorporate MHB’s conservative balance sheet, solid liquidity and strong competitive position as the largest domestic …
MARC Ratings affirms AA-IS rating on MHB’s sukuk Read More »
MARC Ratings has affirmed its A+IS(s) rating on Projek Lintasan Sungai Besi – Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme of up to RM2.0 billion with a stable outlook. Concurrently, the rating agency has affirmed its rating of AAAIS(bg)/Stable on PLSUKE’s guaranteed facilities of up to RM500.0 million which were previously guaranteed by Danajamin …
MARC Ratings affirms PLSUKE’s ratings with stable outlook Read More »
MARC Ratings has affirmed its AAAIS rating on TNB Northern Energy Berhad’s outstanding sukuk of RM1.22 billion with a stable outlook. TNB Northern is the funding vehicle for TNB Prai Sdn Bhd (TNB Prai), which operates a 1,071.43MW combined-cycle gas turbine power plant (comprising two power generation units — Unit 10 and Unit 20 — …
MARC Ratings affirms AAAIS rating on TNB Northern’s sukuk Read More »
MARC Ratings has affirmed its AAAIS rating on TNB Western Energy Berhad’s (TNB Western) outstanding sukuk of RM3.7 billion with a stable outlook. The sukuk had been issued to fund the construction of the 1,000MW coal power plant in Manjung, Perak, for its parent TNB Manjung Five Sdn Bhd (TNB Manjung Five). The plant attained …
MARC Ratings affirms TNB Western Energy’s rating Read More »
MARC Ratings has affirmed TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes Programme rating at AA-IS with a stable outlook. The outstanding stood at RM90 million as at end-March 2023. TSH Sukuk Murabahah is the funding vehicle for TSH Resources Berhad (TSH) which has provided an irrevocable and unconditional undertaking to meet the purchase …
MARC Ratings has affirmed its financial institution (FI) rating of AAA on Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank). Concurrently, the rating agency has affirmed its ratings of AAAIS/MARC-1IS on the bank’s Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion and Islamic Commercial Papers (ICP) Programme of up to RM1.0 billion …
MARC Ratings affirms SME Bank’s financial institution rating with stable outlook Read More »
MARC Ratings has affirmed its AAIS rating on S P Setia Berhad’s RM3.0 billion Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The outstanding under the programme currently stands at RM2.0 billion. The affirmed rating primarily reflects S P Setia’s entrenched market position in township development and healthy sales track record, underpinned by sizeable …
MARC Ratings affirms AAIS rating on S P Setia’s RM3.0 billion IMTN programme Read More »
MARC Ratings highlights that Alpha Circle Sdn Bhd has not made the principal payment on the outstanding Senior Sukuk Musharakah of RM60 million and Junior Sukuk Musharakah of RM55 million due on May 31, 2023. This is due to insufficient funds in the designated account. We understand that sukukholders are likely to provide further indulgence …
MARC Ratings provides rating update on Alpha Circle’s sukuk Read More »
MARC Ratings has assigned a “Gold” Impact Assessment to Malaysian Resources Corporation Berhad’s (MRCB) Sustainable Financing Framework. The framework has been established to set the guiding principles for MRCB’s sustainable financing instruments for specific eligible projects that contribute towards environmental and social benefits. MARC Ratings has assessed the framework and is satisfied that it is …
MARC Ratings assigns “Gold” Impact Assessment to MRCB’s Sustainable Financing Framework Read More »
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 reflects the credit strength of the Terengganu state government to meet its payment obligations due on the Facility Payment Certificates (FPC) it issued for work completed by KAJV for the Kuala …
MARC Ratings affirms AA-IS rating on Konsortium KAJV’s RM1.0 billion Sukuk Wakalah Read More »