Ratings

MARC Ratings assigns preliminary rating of AA-IS to WM Senibong Capital’s proposed RM1.0 billion Sukuk Wakalah Programme

MARC Ratings has assigned a preliminary rating of AA-IS to special purpose vehicle WM Senibong Capital Berhad’s (WMSC) proposed Islamic Medium-Term Notes (Sukuk Wakalah) Programme of up to RM1.0 billion. The rating outlook is stable. WMSC is wholly owned by WM Senibong Sdn Bhd. The rating reflects the credit strength of property developer WM Senibong …

MARC Ratings assigns preliminary rating of AA-IS to WM Senibong Capital’s proposed RM1.0 billion Sukuk Wakalah Programme Read More »

MARC Ratings affirms UiTM Solar Power Dua’s sukuk rating at AA-IS

MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s outstanding RM87.0 million Green Sustainable and Responsible Investment (SRI) Sukuk with a stable outlook. UiTM Solar Power Dua owns and operates a 25MWac solar power plant in Pasir Gudang, Johor. The affirmed rating reflects the strength of the 21-year power purchase …

MARC Ratings affirms UiTM Solar Power Dua’s sukuk rating at AA-IS Read More »

MARC Ratings affirms ratings on UMW’s IMTN and Perpetual Sukuk Programmes

MARC Ratings has affirmed its AA+IS rating on UMW Holdings Berhad’s (UMW) RM2.0 billion Islamic Medium-Term Notes Programme (Sukuk Musharakah) and its AA-IS rating on the RM2.0 billion Perpetual Sukuk Programme. The outlook for all ratings is stable. UMW’s longstanding leading position in the domestic automotive market, significant automotive sales in recent years that have …

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MARC Ratings affirms AA- rating on Central Impression’s outstanding Fixed Rate Serial Bonds

MARC Ratings has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM30.0 million Fixed Rate Serial Bonds. The rating outlook is stable. The rating reflects the credit strength of AEON Co (M) Berhad (AEON), which, as the principal lessee of CISB-owned AEON Mall Ipoh Klebang, makes periodic fixed lease payments under a …

MARC Ratings affirms AA- rating on Central Impression’s outstanding Fixed Rate Serial Bonds Read More »

MARC Ratings affirms ratings on Yinson’s programmes

MARC Ratings has affirmed its A+IS rating on Yinson Holdings Berhad’s RM1.0 billion Islamic Medium-Term Notes Programme (Senior Sukuk). Concurrently, the rating agency has also affirmed its A-IS rating on the group’s RM1.0 billion Subordinated Perpetual Islamic Notes Programme (Perpetual Sukuk). The two-notch rating differential between the instruments reflects the subordinated structure of the Perpetual …

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MARC Ratings affirms AAIS rating on S P Setia’s RM3.0 billion IMTN Programme

MARC Ratings has affirmed its AAIS rating on S P Setia Berhad’s RM3.0 billion Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating reflects S P Setia’s established domestic market position in township development, its proven sales track record, and considerable landbank in strategic locations that would continue to provide strong developmental opportunities. …

MARC Ratings affirms AAIS rating on S P Setia’s RM3.0 billion IMTN Programme Read More »

MARC Ratings assigns final ratings of MARC-1IS/AA-IS to Malakoff Power’s RM1.2 billion ICP/IMTN programmes

MARC Ratings has assigned final ratings of MARC-1IS/AA-IS to Malakoff Power Berhad’s RM1.2 billion Islamic Commercial Papers and Islamic Medium-Term Notes (ICP/IMTN) programmes. The rating outlook is stable. The rating agency has reviewed the final documentation for the programmes and is satisfied that the terms and conditions have not changed in any material way from …

MARC Ratings assigns final ratings of MARC-1IS/AA-IS to Malakoff Power’s RM1.2 billion ICP/IMTN programmes Read More »

MARC Ratings affirms AAAIS rating on Aman Sukuk’s RM10.0 billion IMTN Programme

MARC Ratings has affirmed its AAAIS rating on Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) Programme of up to RM10.0 billion. The rating affirmation reflects the credit strength of the Malaysian government as the sole obligor of rental payment streams to meet the obligations under this programme. Aman has informed it will undertake an …

MARC Ratings affirms AAAIS rating on Aman Sukuk’s RM10.0 billion IMTN Programme Read More »

MARC Ratings revises Segi Astana’s MTN rating outlook to positive

MARC Ratings has affirmed Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) rating at A+ and revised the rating outlook to positive from stable. Segi Astana is the concessionaire for the integrated complex, gateway@klia2, at Kuala Lumpur International Airport Terminal 2 (KLIA Terminal 2) in Sepang, Selangor. The gateway@klia2 complex comprises a …

MARC Ratings revises Segi Astana’s MTN rating outlook to positive Read More »