Ratings

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

MARC Ratings has affirmed its rating of AA-IS on MMC Port Holdings Berhad’s RM1.0 billion Sukuk Murabahah Programme with a stable outlook. The rating affirmation reflects the strong collective credit profile of port operators under MMC Port which continue to demonstrate robust operational track records and strong cash flow generation, enabling steady dividend upstreaming to …

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MARC Ratings affirms ratings on DRB-HICOM’s sukuk programmes

MARC Ratings has affirmed its ratings on DRB-HICOM Berhad’s RM3.5 billion Sukuk Programme and RM2.0 billion Perpetual Sukuk Musharakah Programme at AA-IS and AIS. The outlook on the ratings is stable. The two-notch rating differential between the programmes reflects the subordination of the perpetual sukuk to the senior sukuk. The outstanding under the programmes stood …

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MARC Ratings assigns final rating of A+IS to Yinson Holdings’ IMTN Programme

MARC Ratings has assigned a final rating of A+IS to Yinson Holdings Berhad’s (YHB) Islamic Medium-Term Notes (IMTN) (Sukuk Wakalah) Programme of up to RM2.0 billion. 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 …

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MARC Ratings extends MARCWatch Developing on KFH Malaysia amid planned withdrawal from the market

MARC Ratings has maintained its MARCWatch Developing status on Kuwait Finance House (Malaysia) Berhad (KFH Malaysia), under surveillance since 1 August 2024, after the bank’s decision to voluntarily exit the Malaysian market and wind down operations as part of parent KFH Group’s strategy to focus on the Middle East region. MARC Ratings considers KFH Malaysia …

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MARC Ratings assigns final rating to S P Setia’s ICP Programme of up to RM500.0 million

MARC Ratings has assigned a final rating of MARC-1IS to S P Setia Berhad’s RM500.0 million Islamic Commercial Papers (ICP) Programme. 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 on which the preliminary …

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MARC Ratings affirms MARC-1IS/AAIS rating on Northport’s RM1.0 billion Sukuk Wakalah Programmes

MARC Ratings has affirmed its ratings of MARC-1IS/AAIS on Northport (Malaysia) Bhd’s RM1.0 billion Islamic Commercial Papers (ICP) Programme/ Islamic Medium-Term Notes (IMTN) Programme (Sukuk Wakalah Programmes). The ICP programme has a sublimit of RM500 million. The long-term rating outlook is stable. The current outstanding under the programme comprises RM500.0 million IMTN. Northport’s well-established operational …

MARC Ratings affirms MARC-1IS/AAIS rating on Northport’s RM1.0 billion Sukuk Wakalah Programmes Read More »

MARC Ratings affirms SME Bank’s ratings with stable outlook

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

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