Ratings

MARC Ratings assigns preliminary ratings of MARC-1IS/AA-IS to UDA’s proposed ICP/IMTN programmes of up to RM1.0 billion

MARC Ratings has assigned preliminary ratings of MARC-1IS /AA-IS to UDA Holdings Berhad’s (UDA) proposed Islamic Commercial Papers (ICP) programme of up to RM100.0 million and Islamic Medium-Term Notes (IMTN) programme of up to RM1.0 billion with a combined aggregate limit of up to RM1.0 billion with a stable outlook. The assigned ratings incorporate UDA’s …

MARC Ratings assigns preliminary ratings of MARC-1IS/AA-IS to UDA’s proposed ICP/IMTN programmes of up to RM1.0 billion Read More »

MARC Ratings affirms AA- rating on STM Lottery’s MTN Programme

MARC Ratings has affirmed its rating of AA- on STM Lottery Sdn Bhd’s (formerly known as Sports Toto Malaysia Sdn Bhd) RM800.0 million 15-year Medium-Term Notes (MTN) Programme with a stable outlook. STM Lottery’s entrenched domestic market position as a number forecast operator (NFO), its lengthy operating track record and strong cash flow generating ability …

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MARC Ratings affirms Berjaya Land’s ratings with stable outlook

MARC Ratings has affirmed its ratings on Berjaya Land Berhad’s (BLand) RM500.0 million Medium-Term Notes (MTN) Programme guaranteed by Danajamin Nasional Berhad at AAA(fg) and RM150.0 million MTN Programme guaranteed by OCBC Bank (Malaysia) Berhad at AAA(bg). The ratings outlook is stable. Currently, there is an outstanding of RM225 million under the Danajamin-guaranteed programme. There …

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MARC Ratings revises IOI Properties’ unit’s rating outlook to stable from negative

MARC Ratings has affirmed its AAIS rating on Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). Concurrently, the rating agency has revised the rating outlook to stable from negative. Fortune Premiere is a funding vehicle for IOI Properties Group Berhad which has provided an unconditional and irrevocable guarantee on the …

MARC Ratings revises IOI Properties’ unit’s rating outlook to stable from negative Read More »

MARC Ratings assigns final rating of AAAIS(s) to PLUS’ proposed RM25.2 billion IMTN Programme

MARC Ratings has assigned a final rating of AAAIS(s) to Projek Lebuhraya Usahasama Berhad’s (PLUS) proposed Islamic Medium-Term Notes (IMTN) Programme of up to RM25.2 billion. The rating carries a stable outlook. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in …

MARC Ratings assigns final rating of AAAIS(s) to PLUS’ proposed RM25.2 billion IMTN Programme Read More »

MARC Ratings affirms Cerah Sama’s AA-IS rating

MARC Ratings has affirmed its AA-IS rating on Cerah Sama Sdn Bhd’s RM420.0 million Sukuk with a stable outlook. The outstanding currently stands at RM330.0 million. The rating reflects the resilient traffic on the mature, 23-year-old Cheras-Kajang Highway and its stable cash flow generation. Cerah Sama’s strong liquidity position and accommodative sukuk repayment structure further …

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MARC Ratings affirms AA-IS rating on MMC Port Holdings’ Sukuk

MARC Ratings has affirmed its AA-IS rating on MMC Port Holdings’ RM1.0 billion Sukuk Murabahah programme with a stable outlook. MMC Port is an investment holding company of port operators whose strong competitive advantage in transhipment services in the region and trade gateways domestically as well as long operating track record remain key rating drivers. …

MARC Ratings affirms AA-IS rating on MMC Port Holdings’ Sukuk Read More »