Rating Announcements

MARC Ratings affirms AA-IS rating on ACSB’s RM535.0 million Sukuk Murabahah Programme

MARC Ratings has affirmed its AA-IS rating on AZRB Capital Sdn Bhd’s (ACSB) RM535.0 million Islamic Medium-Term Notes (Sukuk Murabahah) Programme with a stable outlook. The outstanding under the programme was RM435.0 million as at end-September 2024. As a funding vehicle for Ahmad Zaki Resources Berhad (AZRB), ACSB facilitates the subscription of Redeemable Convertible Preference …

MARC Ratings affirms AA-IS rating on ACSB’s RM535.0 million Sukuk Murabahah Programme Read More »

MARC Ratings affirms PETRONAS Dagangan’s ICP/IMTN ratings with stable outlook

MARC Ratings has affirmed its MARC-1IS/AAAIS ratings on PETRONAS Dagangan Berhad’s (PDB) RM10.0 billion nominal value Islamic Commercial Papers/ Islamic Medium-Term Notes (ICP/IMTN) Programmes. The long-term rating outlook is stable. The affirmed ratings reflect PDB’s well-established track record and its very strong market position in the domestic retailing and marketing of petroleum products. The ratings …

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MARC Ratings affirms AA- rating on STM Lottery’s MTN Programme

MARC Ratings has affirmed its rating of AA- on STM Lottery Sdn Bhd’s RM800.0 million 15-year Medium-Term Notes (MTN) Programme with a stable outlook. The rating affirmation considers STM Lottery’s key position as the leading licensed number forecast operator in the country, its long operating track record, as well as strong cash flow generation relative …

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MARC Ratings affirms AA-IS rating on MRCB’s RM5.0 billion IMTN Programme

MARC Ratings has affirmed its rating of AA-IS with a stable outlook on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme (Sukuk Murabahah) of up to RM5.0 billion. The affirmed rating is mainly driven by MRCB’s established property track record, particularly in transit-oriented developments (TOD), and further growth in its sizeable construction order book. …

MARC Ratings affirms AA-IS rating on MRCB’s RM5.0 billion IMTN Programme Read More »

MARC Ratings affirms MMC’s RM2.5 billion sukuk programme at AA-IS

MARC Ratings has affirmed its rating of AA-IS on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook. MMC group’s strong competitive strength and longstanding track record in key sectors of the economy, namely ports and logistics, engineering, and energy and utilities, remain the key rating drivers. The rating is moderated …

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MARC Ratings affirms IMR-2 rating on Kenanga Investors and Kenanga Islamic Investors

MARC Ratings has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB). KIIB is rated at the same level as parent KIB, reflecting its strategic role in supporting the group’s objectives in Islamic finance, and the high level of operational integration between …

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MARC Ratings assigns final rating of AAIS to Berapit Mobility’s RM1.5 billion sukuk programme

MARC Ratings has assigned a final rating of AAIS to Berapit Mobility Sdn Bhd’s RM1.5 billion Sustainability Islamic Medium-Term Notes (IMTN) Programme. The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the …

MARC Ratings assigns final rating of AAIS to Berapit Mobility’s RM1.5 billion sukuk programme Read More »