Ratings

MARC Ratings has assigned preliminary AA+IS/MARC-1IS ratings to TH Properties Sdn Bhd’s proposed Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) Programmes with a combined aggregate limit of up to RM750 million. The outlook on the long-term rating is stable. The ratings reflect TH Properties’ status as a wholly-owned property development and facilities management […]

MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) outstanding RM605.0 million Green Sustainable and Responsible Investment (SRI) Sukuk with a stable outlook. QSP Semenanjung owns three 50MW power plants located in Gurun, Kedah; Jasin, Melaka; and Merchang, Terengganu. The rating is underpinned by QSP Semenanjung’s diversified portfolio

MARC Ratings has affirmed its AA-IS rating on Farm Fresh Berhad’s Islamic Medium-Term Notes (IMTN) Programme of RM1.0 billion under the Shariah principle of Wakalah Bi Al-Istithmar (Sukuk Wakalah Programme). The rating outlook is stable. The outstanding under the rated programme was RM625.0 million as at end-March 2026. Farm Fresh’s leading market share of 60.0%

MARC Ratings has maintained the MARCWatch Developing status on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), where it has remained since 1 August 2024 following the announcement of its voluntary withdrawal from the Malaysian market and planned wind-down of operations, in alignment with KFH Group’s strategic focus on the Middle East. Progress on the divestment

MARC Ratings has affirmed its AAAIS(bg) rating on Ranhill Sabah Energy II Sdn Bhd’s (RSEII) outstanding RM200.0 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating reflects the unconditional and irrevocable guarantee provided by Bank Pembangunan Malaysia Berhad (BPMB), rated AAA/Stable by MARC Ratings. RSEII owns and operates the 190MW combined-cycle gas

MARC Ratings has affirmed its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) at AA-. The rating outlook is stable. Segi Astana is the concessionaire for the integrated complex, gateway@klia2, at the Kuala Lumpur International Airport Terminal 2 (KLIA Terminal 2) in Sepang, Selangor. The rating affirmation reflects Segi Astana’s

MARC Ratings has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings at AAA/MARC-1 with a stable outlook. Concurrently, the rating agency has affirmed its ratings on CIMB Islamic’s sukuk programmes 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

MARC Ratings has affirmed its AA+/MARC-1 corporate credit ratings on CIMB Group Holdings Berhad (CIMB Group) and the AA rating on the group’s RM10.0 billion Basel III–compliant Tier 2 Subordinated Debt Programme. The outlook on all ratings is stable. CIMB Group is a non-operating financial holding company overseeing one of Malaysia’s largest banking groups, with

MARC Ratings has affirmed its financial institution ratings on CIMB Bank Berhad at AAA/MARC-1. The rating agency has concurrently affirmed its AA+ rating on the bank’s existing RM10.0 billion Basel III–compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable. CIMB Bank’s ratings reflect its systemic importance to the domestic banking system, underpinned by

MARC Ratings has affirmed its MARC-1IS/AIS ratings on Gabungan AQRS Berhad’s (GBG) RM200 million Islamic Commercial Papers/ Islamic Medium-Term Notes (ICP/IMTN) Programme with a stable outlook. The ratings affirmation reflects GBG’s established construction track record, that supports its ability to secure infrastructure contracts alongside its property development activities. This is moderated by limited near-term earnings