Ratings

MARC Ratings assigns preliminary AAA/AAAIS ratings to Cagamas’ proposed MTN/IMTN Programme

MARC Ratings has assigned preliminary ratings of AAA/AAAIS to Cagamas Berhad’s proposed Conventional/Islamic Medium-Term Notes (MTN/IMTN) Programmes with a combined limit of up to RM80.0 billion. Concurrently, the rating agency has affirmed its ratings on Cagamas’ bonds and sukuk issuances as follows: MARC-1/MARC-1IS on Conventional/Islamic Commercial Papers (CCP/ICP) Programmes with a combined limit of RM20.0 …

MARC Ratings assigns preliminary AAA/AAAIS ratings to Cagamas’ proposed MTN/IMTN Programme Read More »

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

MARC Ratings has assigned a preliminary rating of AAIS to Berapit Mobility Sdn Bhd’s (BMSB) proposed Sustainability Islamic Medium-Term Notes Programme (sukuk programme) of up to RM1.5 billion. The outlook on the rating is stable. The rating reflects the size and predictability of operating cash flow under the long lease agreements of 25 years, the …

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

MARC Ratings assigns preliminary AA-IS rating to Power Root’s proposed RM500.0 million Sukuk Wakalah Programme

MARC Ratings has assigned a preliminary rating of AA-IS to Power Root Berhad’s proposed RM500.0 million Islamic Medium-Term Notes (IMTN) Programme. The rating outlook is stable. The assigned rating is premised on Power Root’s established position in the instant beverage sector, supported by an extensive sales network, and its steady financial performance, characterised by sustained …

MARC Ratings assigns preliminary AA-IS rating to Power Root’s proposed RM500.0 million Sukuk Wakalah Programme Read More »

MARC Ratings upgrades Evyap Malaysia’s RM500.0 million Sukuk Wakalah Programme rating to AAIS

MARC Ratings has upgraded Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme rating to AAIS from AA-IS and accordingly revised the rating outlook to stable from positive. Evyap Malaysia’s healthy operational and financial performance, and sustained strong credit metrics since the initial rating was assigned in 2020 are key rating drivers …

MARC Ratings upgrades Evyap Malaysia’s RM500.0 million Sukuk Wakalah Programme rating to AAIS Read More »

MARC Ratings affirms SME Bank’s financial institution rating with stable outlook

MARC Ratings has affirmed its financial institution rating on Small Medium Enterprise Development Bank Malaysia Berhad (SME Bank) at AAA. The rating agency has also affirmed its AAAIS/MARC-1IS ratings on the bank’s existing Islamic Medium-Term Notes Programme/ Islamic Commercial Papers Programme with a combined limit of RM3.0 billion. The rating outlook is stable. The affirmation …

MARC Ratings affirms SME Bank’s financial institution rating with stable outlook Read More »

MARC Ratings affirms ratings of AIS(cg)/MARC-1IS(cg) on SkyWorld Capital’s IMTN/CP Programmes of up to RM300.0 million

MARC Ratings has affirmed its ratings of AIS(cg)/MARC-1IS(cg) on special purpose funding vehicle SkyWorld Capital Berhad’s RM300.0 million Islamic Medium-Term Notes/Islamic Commercial Papers (IMTN/ICP) Programmes. The rating outlook is stable. The ratings reflect the credit profile of parent SkyWorld Development Berhad (SkyWorld) which has extended an irrevocable and unconditional guarantee on the programmes. As at …

MARC Ratings affirms ratings of AIS(cg)/MARC-1IS(cg) on SkyWorld Capital’s IMTN/CP Programmes of up to RM300.0 million Read More »

MARC Ratings affirms TSH’s rating of AA-IS with stable outlook

MARC Ratings has affirmed its rating of AA-IS on special purpose funding vehicle TSH Sukuk Murabahah Sdn Bhd’s RM150 million Islamic Medium-Term Notes (IMTN) Programme with a stable outlook. The rating assessment on TSH Sukuk Murabahah is based on the credit profile of parent TSH Resources Berhad (TSH) which has provided an irrevocable and unconditional …

MARC Ratings affirms TSH’s rating of AA-IS with stable outlook Read More »

MARC Ratings affirms AA-IS rating on MHB’s sukuk with stable outlook

MARC Ratings has affirmed its AA-IS rating on Malaysia Marine and Heavy Engineering Holdings Berhad’s (MHB) RM1.0 billion Sukuk Murabahah Programme with a stable outlook. Currently, the programme has no outstanding amount. The rating incorporates a one-notch uplift on MHB’s standalone rating premised on MARC Ratings’ assessment of the company’s status as a member of …

MARC Ratings affirms AA-IS rating on MHB’s sukuk with stable outlook Read More »