Rating Announcements

MARC Ratings assigns preliminary rating of AA+IS to edotco Malaysia’s proposed RM3.0 billion Sukuk Wakalah Programme

MARC Ratings has assigned a preliminary rating of AA+IS to edotco Malaysia Sdn Bhd’s proposed Islamic Medium-Term Notes Programme (Sukuk Wakalah Programme) of up to RM3.0 billion with a stable outlook. The rating reflects edotco Malaysia’s solid market position as one of the country’s largest tower companies (towerco), high cash flow visibility from long-term tower …

MARC Ratings assigns preliminary rating of AA+IS to edotco Malaysia’s proposed RM3.0 billion Sukuk Wakalah Programme Read More »

MARC Ratings affirms KAF Investment Bank’s financial institution ratings with stable outlook

MARC Ratings has affirmed its financial institution (FI) ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF IB) with a stable outlook. KAF IB’s low-risk business model, underpinned by a conservative investment strategy, and strong liquidity and capitalisation levels remain key rating drivers. The susceptibility of KAF IB’s performance to domestic capital market conditions and …

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MARC Ratings affirms Agrobank’s financial institution rating with stable outlook

MARC Ratings has affirmed its financial institution (FI) rating of AAA on Bank Pertanian Malaysia Berhad (Agrobank). Concurrently, the rating agency has affirmed its rating of AAAIS on the bank’s Islamic Medium Term-Notes Programme of up to RM1.0 billion. The ratings outlook is stable. The FI rating is driven by Agrobank’s status as a wholly …

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MARC Ratings affirms CIMB Islamic’s financial institution and related issue ratings

MARC Ratings has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings of AAA/MARC-1/Stable and concurrently the sukuk issuance ratings 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 ratings are equalised to that of its parent CIMB …

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MARC Ratings affirms CIMB Bank’s financial institution ratings with stable outlook

MARC Ratings has affirmed its financial institution (FI) ratings on CIMB Bank Berhad at AAA/MARC-1. Concurrently, the rating agency has also affirmed its rating of AA+ on the bank’s existing RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. All the ratings carry a stable outlook. CIMB Bank’s high systemic importance in the domestic banking …

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MARC Ratings affirms CIMB Group Holdings’ ratings with stable outlook

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

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MARC Ratings assigns preliminary rating of AAIS(cg) to VS Industry’s funding vehicle’s proposed RM1.0 billion IMTN programme

MARC Ratings has assigned a preliminary rating of AAIS(cg) to funding vehicle VS Capital Management Sdn Bhd’s Islamic Medium-Term Notes (IMTN) programme of up to RM1.0 billion. The rating outlook is stable. The rating reflects the credit strength of VS Industry Berhad (VSI) on the basis of an unconditional and irrevocable corporate guarantee it will …

MARC Ratings assigns preliminary rating of AAIS(cg) to VS Industry’s funding vehicle’s proposed RM1.0 billion IMTN programme Read More »

MARC Ratings affirms ratings on Sunway Group issuances

MARC Ratings has affirmed its MARC-1/AA- ratings on Sunway Berhad’s issuances under the RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) Programmes. Concurrently, the ratings on Sunway Treasury Sukuk Sdn Bhd’s issuances under the RM2.0 billion Sukuk Programme and RM10.0 billion Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) Programmes have been affirmed at MARC-1IS(cg)/AA-IS(cg). Sunway Treasury Sukuk is …

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MARC Ratings affirms AAA/MARC-1 ratings on F&N Capital’s IMTN and ICP programmes

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. F&N Capital is a funding vehicle of Fraser & Neave Holdings Bhd (F&NHB) which has provided an …

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