Rating Announcements

MARC Ratings assigns final ratings of MARC-1IS and AAAIS to Pantai Holdings’ ICP and IMTN Programmes

MARC Ratings has assigned final ratings of MARC-1IS  and AAAIS  to Pantai Holdings Sdn Bhd’s existing Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme, collectively “Sukuk Programmes”, with a combined aggregate limit of up to RM15 billion. The long-term rating outlook is stable. The rating agency has reviewed the final documentation for […]

MARC Ratings assigns final ratings of MARC-1IS and AAAIS to Pantai Holdings’ ICP and IMTN Programmes Read More »

MARC Solutions assigns “Gold” Impact Assessment to Tadau Energy’s Green Finance Framework

MARC Solutions has assigned a “Gold” Impact Assessment to Tadau Energy Sdn Bhd’s Green Finance Framework. The framework sets forth the guiding principles for Tadau Energy’s issuance of green financing to fund Eligible Projects that contribute towards environmental benefits. Tadau Energy is a power generation company driving the adoption of photovoltaic and other renewable energy

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MARC Ratings assigns preliminary rating of AAIS to Tadau Energy’s proposed Sukuk Wakalah

MARC Ratings has assigned a preliminary rating of AAIS to Tadau Energy Sdn Bhd’s proposed ASEAN Green Sustainable and Responsible Investment Sukuk Wakalah of up to RM215 million with a stable outlook. Proceeds from the issuance will primarily be used to refinance Tadau Energy’s existing sukuk, which will be cancelled following the planned refinancing. The

MARC Ratings assigns preliminary rating of AAIS to Tadau Energy’s proposed Sukuk Wakalah Read More »

MARC Ratings affirms CGS MY’s ratings with stable outlook

MARC Ratings has affirmed its AA/Stable non-bank financial institution rating on CGS International Securities Malaysia Sdn Bhd (CGS MY) and the MARC-1 rating on CGS MY’s Commercial Papers (CP) Programme of up to RM1.0 billion in nominal value. The ratings reflect CGS MY’s strong standing in Malaysia’s stockbroking sector, consistently ranking among the top two

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MARC Ratings affirms China’s sovereign rating at AAA

MARC Ratings has affirmed the People’s Republic of China’s (China) sovereign rating at AAA with a stable outlook based on the rating agency’s national rating scale. This is an unsolicited rating based on public information. The AAA rating reflects several credit strengths, including the nation’s competitiveness in the global supply chain, robust external position, and

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MARC Ratings assigns preliminary rating of AA-IS to DUKE 3’s proposed Sukuk Murabahah and affirms its Sukuk Wakalah rating at AA-IS

MARC Ratings has assigned a preliminary rating of AA-IS to Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) proposed Sukuk Murabahah Programme (Sukuk Murabahah) and affirmed its AA-IS rating on the Sukuk Wakalah Programme of up to RM3.64 billion (Sukuk Wakalah), both with a stable outlook. The Sukuk Murabahah will be issued in exchange for

MARC Ratings assigns preliminary rating of AA-IS to DUKE 3’s proposed Sukuk Murabahah and affirms its Sukuk Wakalah rating at AA-IS Read More »

MARC Solutions assigns “Gold” Impact Assessment to Guthrie’s Sustainable Finance and Sustainability-linked Financing Framework

MARC Solutions has assigned a “Gold” Impact Assessment to both the Sustainable Finance and Sustainability-linked Finance components of SD Guthrie Berhad’s (Guthrie) Sustainability Financing Framework. The framework was established to outline the group’s approach to undertaking sustainability finance transactions to deliver environmental and social (E&S) benefits. Guthrie is a global producer of certified sustainable palm

MARC Solutions assigns “Gold” Impact Assessment to Guthrie’s Sustainable Finance and Sustainability-linked Financing Framework Read More »

MARC Ratings assigns preliminary ratings of MARC-1IS and AAAIS to Pantai Holdings’ ICP and IMTN Programmes

MARC Ratings has assigned ratings of MARC-1IS and AAAIS to Pantai Holdings Sdn Bhd’s existing Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme (collectively Sukuk Programmes) with a combined aggregate limit of up to RM15 billion. The long-term rating outlook is stable. Pantai Holdings is a wholly-owned subsidiary of IHH Healthcare Berhad

MARC Ratings assigns preliminary ratings of MARC-1IS and AAAIS to Pantai Holdings’ ICP and IMTN Programmes Read More »

MARC Ratings affirms SD Guthrie’s ratings; assigns preliminary ratings on proposed Sukuk Wakalah Programme

MARC Ratings has affirmed its corporate credit rating on SD Guthrie Berhad at AAA. In addition, the rating on SD Guthrie’s existing Perpetual Subordinated Sukuk Programme has been affirmed at AAIS. Concurrently, the rating agency has assigned preliminary ratings of AAAIS to SD Guthrie’s proposed Senior Islamic Medium-Term Notes (Senior Sukuk Wakalah), and AAIS to

MARC Ratings affirms SD Guthrie’s ratings; assigns preliminary ratings on proposed Sukuk Wakalah Programme Read More »

MARC Ratings affirms YNH’s rating at BBIS with negative outlook

MARC Ratings has affirmed its BBIS rating with a negative outlook on YNH Property Berhad’s (YNH) RM700 million Islamic Medium-Term Notes Programme (Sukuk Wakalah). The rating takes into account the challenges faced by YNH, as reflected in its credit profile, notwithstanding recent asset monetisation efforts that helped the company meet certain financial obligations. However, YNH

MARC Ratings affirms YNH’s rating at BBIS with negative outlook Read More »