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MARC Ratings has affirmed its AAAIS/MARC-1IS ratings on Gas Malaysia Distribution Sdn Bhd’s (GMD) Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The outstanding under the programmes stood at RM241.0 million as at end-April 2023. The ratings outlook is stable. GMD is the …
MARC Ratings affirms AAAIS/MARC-1IS ratings on Gas Malaysia Read More »
MARC Ratings has affirmed its AA- rating on 7-Eleven Malaysia Holdings Berhad’s (7-Eleven Holdings) RM600.0 million Medium-Term Notes (MTN) Programme with a stable outlook. 7-Eleven Holdings’ established market position, strong financial performance and long operating track record in the convenience store segment remain key rating drivers. The rating has incorporated the strong growth prospects of …
MARC Ratings affirms AA- rating on 7-Eleven Holdings’ MTN programme Read More »
MARC Ratings is providing this update on ANIH Berhad in connection with the concessionaire’s new supplemental concession agreement (SCA) with the government. The SCA follows ANIH’s existing concession agreement on Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) expiring in 2032. ANIH currently has an outstanding RM1.48 billion sukuk under the …
MARC Ratings issues update on concessionaire ANIH Read More »
MARC Ratings has affirmed its A+IS rating on Yinson Holdings Berhad’s Islamic Medium-Term Notes (IMTN) programme of up to RM1.0 billion with a stable outlook. Yinson’s established track record in providing floating, production, storage and offloading vessels (FPSOs) for the oil and gas industry, its strong earnings visibility from sizeable charter contracts, and healthy profit …
MARC Ratings affirms A+IS rating on Yinson’s Sukuk Read More »
MARC Ratings has assigned final ratings of AIS(cg)/MARC-1IS(cg) to SkyWorld Capital Berhad’s RM300.0 million Islamic Medium-Term Notes (IMTN) and Islamic Commercial Papers (ICP) programmes with a stable outlook. 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 has affirmed its AAIS rating on Kimanis Power Sdn Bhd’s (KPSB) outstanding RM485.0 million Sukuk Programme. The outlook on the rating is stable. KPSB’s 285MW combined-cycle gas plant has continued to perform in line with our expectations, meeting all stipulated requirements under its 21-year power purchase agreement (PPA) with offtaker, Sabah Electricity Sdn …
MARC Ratings affirms AAIS rating on Kimanis Power’s Sukuk Read More »
MARC Ratings has affirmed its AA-IS rating on Quantum Solar Park (Semenanjung) Sdn Bhd’s (QSP Semenanjung) outstanding RM775.0 million Green Sustainable and Responsible Investment Sukuk with a stable outlook. QSP Semenanjung owns three 50MW power plants located in Gurun, Kedah; Jasin, Melaka; and Merchang, Terengganu. In 2022, energy generation from the Merchang plant surpassed its …
MARC Ratings affirms QSP Semenanjung’s rating with stable outlook Read More »
MARC Ratings has affirmed its rating on Ranhill Powertron II Sdn Bhd’s (RPII) RM350.0 million Islamic Medium-Term Notes (IMTN) at AAAIS(bg) with a stable outlook. The affirmation reflects the unconditional and irrevocable guarantee from Bank Pembangunan Malaysia Berhad (BPMB) which carries a financial institution rating of AAA/Stable from MARC Ratings. BPMB replaced Danajamin Nasional Berhad …
MARC Ratings affirms Ranhill Powertron II’s rating with stable outlook Read More »
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. The rating outlook is stable. Farm Fresh remains the largest vertically integrated dairy farming player domestically with a well-established distribution network. It currently operates 2,829 acres of farmland …
MARC Ratings affirms Farm Fresh’s rating at AA-IS Read More »
MARC Ratings has downgraded its ratings on Tropicana Corporation Berhad’s RM1.5 billion Islamic Medium-Term Notes (IMTN) Programme (Sukuk Wakalah) and RM2.0 billion Perpetual Sukuk programme to AIS and A-IS from A+IS and AIS. The outstanding under the Sukuk Wakalah and Perpetual Sukuk programme currently stands at RM1.5 billion and RM648.0 million. The ratings outlook remains …