Ratings

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 …

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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 …

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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 …

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MARC Ratings affirms Putrajaya Bina’s Sukuk Wakalah Programme rating

MARC Ratings has affirmed its AAAIS rating on Putrajaya Bina Sdn Bhd’s (PBSB) RM1.58 billion Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable. The rating affirmation is mainly premised on the sufficiency of the periodic payment streams from the Malaysian government in the form of availability charges (AC) to meet the financial …

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MARC Ratings affirms ratings on Putrajaya Holdings’ sukuk programmes

MARC Ratings has affirmed its ratings on Putrajaya Holdings Sdn Bhd’s (PJH) sukuk programmes with a stable outlook. The list of sukuk programmes is appended at the end of this press announcement. The credit strength of the Malaysian government as the principal lessee of government buildings in Putrajaya under individual long-term lease-and-sublease agreements with PJH …

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MARC Ratings affirms CIMB Islamic’s ratings with stable outlook

MARC Ratings has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings of AAA/MARC-1/Stable. Concurrently, the rating agency has affirmed its ratings on CIMB Islamic’s sukuk issuances 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 Islamic’s FI ratings are …

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MARC Ratings affirms CIMB Group’s ratings with stable outlook

MARC Ratings has affirmed its long- and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Berhad (CIMB Group). The rating agency has concurrently affirmed its AA rating on the group’s RM10.0 billion Basel III-compliant Tier 2 Subordinated Debt Programme. The ratings outlook is stable. CIMB Group is Malaysia’s second-largest banking group with total …

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MARC Ratings affirms CIMB Bank’s ratings with stable outlook

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. The affirmation reflects the bank’s high systemic importance as the second-largest bank by assets …

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