Ratings

MARC Ratings has assigned final ratings to Bank Muamalat Malaysia Berhad’s Sukuk Wakalah Programme of up to RM5.0 billion as follows: Senior Sukuk Wakalah at A+IS Tier-2 Subordinated Sukuk Wakalah at A-IS Additional Tier-1 Sukuk Wakalah at BBBIS The outlook on all ratings is stable. The rating agency has reviewed the final documentation for the […]

MARC Ratings has affirmed its financial institution (FI) rating of AAA on Bank Pertanian Malaysia Berhad (Agrobank). Concurrently, the rating agency has also affirmed its rating of AAAIS on Agrobank’s Islamic Medium-Term Notes Programme. The ratings outlook is stable. The ratings affirmation is premised on Agrobank’s status as a wholly government-owned development financial institution (DFI)

MARC Ratings has upgraded its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) to AA- from A+. The upgrade on the MTN rating follows the upgrade on Segi Astana’s standalone rating to A+ from A. Segi Astana’s MTN rating of AA- incorporates a single notch uplift on account of the

MARC Ratings has affirmed its AA-IS rating on UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar Dua) outstanding RM92.0 million Green Sustainable and Responsible Investment (SRI) sukuk with a stable outlook. UiTM Solar Dua owns and operates a 25MWac solar power plant in Pasir Gudang, Johor. The affirmed rating reflects the strength of the 21-year

MARC Ratings has withdrawn its rating of AAIS/Stable on BEWG (M) Sdn Bhd’s RM400.0 million Islamic Medium-Term Notes Programme (Sukuk Wakalah). The outstanding under the facility was settled in full on September 14, 2023. The facility was subsequently cancelled on September 15, 2023, as confirmed by the facility agent, ahead of its maturity on July

MARC Ratings has affirmed its AA-IS rating on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. MRCB’s established track record in property development with a focus on transit-oriented developments (TOD) and its strong position in the domestic construction sector with sizeable infrastructure contracts

MARC Ratings has affirmed its rating of AAAIS on Pengerang LNG (Two) Sdn Bhd’s (PLNG2) Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion. The rating outlook is stable. The rating affirmation incorporates the sizeable and predictable revenue from PLNG2’s regasification services. Under the Incentive-Based Regulation framework, PLNG2’s annual revenue requirement (ARR) is set

MARC Ratings has affirmed its rating of AAIS(cg)/Stable on VS Capital Management Sdn Bhd’s Islamic Medium-Term Notes (IMTN) Programme of up to RM1.0 billion. VS Capital Management is a wholly-owned funding vehicle of VS Industry Berhad (VSI) which has provided an unconditional and irrevocable guarantee on the IMTN. The rating reflects VSI’s strong cash flow

MARC Ratings has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM45.0 million Fixed Rate Serial Bonds. The rating outlook is stable. The rating affirmation reflects the credit strength of AEON Co (M) Berhad (AEON) which, as the principal lessee of CISB’s AEON Mall Ipoh Klebang, makes fixed lease payments that are