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MARC Ratings affirms AAIS rating on BEWG’S RM400.0 million Sukuk Wakalah

MARC Ratings has affirmed BEWG (M) Sdn Bhd’s (BEWG) RM400 million Sukuk Wakalah rating of AAIS with a stable outlook. BEWG is a 100%-subsidiary of Hong Kong–based Beijing Enterprises Water Group Limited (BEWGL), principally involved in the water treatment and distribution facilities project in Kemaman for the Terengganu state government. The rating incorporates the credit …

MARC Ratings affirms AAIS rating on BEWG’S RM400.0 million Sukuk Wakalah Read More »

MARC affirms Kenanga Investment Bank’s FI ratings at A+/MARC-1

MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+ and MARC-1 on Kenanga Investment Bank Berhad (Kenanga) with a stable outlook. The affirmed ratings are primarily premised on Kenanga’s strong competitive position in the retail stockbroking business in Malaysia, its healthy capital position, its moderate profitability metrics and adequate funding profile. …

MARC affirms Kenanga Investment Bank’s FI ratings at A+/MARC-1 Read More »

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