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MARC Ratings has assigned a preliminary rating of AAIS(cg) to Sunway Healthcare Treasury Sdn Bhd’s (SH Treasury) existing unrated Islamic Medium-Term Notes (IMTN) Programme of up to RM5.0 billion with a stable outlook. The rating reflects the credit strength of parent Sunway Healthcare Holdings Sdn Bhd (SHH), on account of the unconditional and irrevocable guarantee …
MARC Ratings has revised its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) from AA- to A+ following the downgrade of parent WCT Holdings Berhad’s rating to A+ from AA-. WCT Holdings has provided a liquidity support undertaking to Segi Astana to ensure funds are sufficient or a refinancing is …
MARC Ratings revises Segi Astana’s MTN rating to A+ Read More »
MARC Ratings has lowered its rating on TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme to AIS(cg) from A+IS(cg). TG Excellence is a wholly-owned funding vehicle of Top Glove Corporation Bhd which has provided an irrevocable and unconditional guarantee on the perpetual sukuk programme. The rating action follows the downgrade of Top Glove’s corporate …
MARC Ratings has downgraded its ratings on WCT Holdings Berhad’s RM1.0 billion Medium-Term Notes (MTN) Programme to A+ from AA-, and RM1.5 billion Sukuk Murabahah Programme to A+IS from AA-IS. Concurrently, the rating on WCT Holdings’ RM1.0 billion Perpetual Sukuk Musharakah Programme has been lowered to A-IS from AIS. The ratings outlook has been revised …
MARC Ratings has removed ANIH Berhad’s rating from MARCWatch Negative placement where it has been since May 25, 2023. The placement was due to the uncertainties stemming from the new supplemental concession agreement (SCA) between ANIH and the government signed on November 17, 2022, including the potential weakening of its financial profile following the abolishment …
MARC Ratings removes ANIH’s rating from MARCWatch Negative Read More »
MARC Ratings has removed UMW Holdings Berhad’s (UMW) sukuk programme ratings from MARCWatch Developing, where they have been placed since August 25, 2023. The rating action then was taken to assess the potential impact from the significant change in UMW’s shareholding structure following the sale of Permodalan Nasional Berhad’s (PNB) 61.18% equity stake to Sime …
MARC Ratings has assigned a final rating of A-IS to Yinson Holdings Berhad’s RM1.0 billion Subordinated Perpetual Islamic Notes Programme. The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation …
MARC Ratings assigns final rating of A-IS to Yinson’s Perpetual Sukuk Programme Read More »
MARC Ratings has downgraded its rating on YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) to BBB+IS from AIS and concurrently placed the rating on MARCWatch Negative. The downgrade reflects the heightened concerns on YNH’s weak liquidity position vis-à-vis its financial obligations, compounded by further delays in sale of assets that would have …
MARC Ratings downgrades YNH’s IMTN programme rating to BBB+IS Read More »
MARC Ratings has assigned a final rating of AA-IS to LBS Bina Group Berhad’s RM750 million Islamic Medium-Term Notes Programme. The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation …
MARC Ratings assigns final rating of AA-IS to LBS Bina’s RM750.0 million sukuk programme Read More »
MARC Ratings has affirmed its ratings of MARC-1IS /AA-IS on UEM Edgenta Berhad’s Islamic Commercial Papers (ICP) and Islamic Medium-Term Notes (IMTN) under its Sukuk Murabahah Programme of up to RM1.0 billion. Concurrently, the rating outlook has been revised to positive from stable. The outstanding sukuk currently stands at RM250.0 million. The rating affirmation incorporates …
MARC Ratings revises UEM Edgenta’s rating outlook to positive Read More »