Ratings

MARC Ratings assigns final ratings of AA-IS/MARC-1IS to SIBS’ RM3.0 billion Sukuk Wakalah Programmes

MARC Ratings has assigned final ratings of AA-IS and MARC-1IS to SIBS Sdn Bhd’s Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion and Islamic Commercial Papers (ICP) Programme of up to RM500.0 million, with a combined aggregate limit of up to RM3.0 billion (Sukuk Wakalah Programmes). The rating outlook is stable. The rating …

MARC Ratings assigns final ratings of AA-IS/MARC-1IS to SIBS’ RM3.0 billion Sukuk Wakalah Programmes Read More »

MARC Ratings affirms ‘A’ rating on Singer’s RM300.0 million MTN Programme

MARC Ratings has affirmed its rating of A/Stable on Singer (Malaysia) Sdn Bhd’s RM300.0 million Medium-Term Notes (MTN) Programme. The outstanding amount as at end-September 2024 stood at RM150.0 million. Singer’s well-established domestic track record in the credit sale and hire-purchase financing of consumer durables and motorcycles, and its high profit margins are key drivers …

MARC Ratings affirms ‘A’ rating on Singer’s RM300.0 million MTN Programme Read More »

MARC Ratings affirms Chailease Berjaya’s AA-(cg) rating

MARC Ratings has affirmed its rating of AA-(cg)/Stable on Chailease Berjaya Credit Sdn Bhd’s (CBC) RM1.0 billion Medium-Term Notes (MTN) Programme. The programme is unconditionally and irrevocably guaranteed by CBC’s ultimate holding company, Chailease Holding Company Limited (CHC). Accordingly, the rating reflects the credit strength of CHC which carries a public information rating of AA-/Stable. …

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MARC Ratings affirms AAIS rating on IOI Properties’ unit’s RM3.0 billion Sukuk Murabahah Programme

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). The rating outlook is stable. Fortune Premiere is a wholly-owned funding vehicle of IOI Properties Group Berhad (IOI Properties). The rating reflects the credit strength of IOI Properties which has provided an unconditional and …

MARC Ratings affirms AAIS rating on IOI Properties’ unit’s RM3.0 billion Sukuk Murabahah Programme Read More »

MARC Ratings affirms Bank Pembangunan’s ratings with stable outlook

MARC Ratings has affirmed its financial institution rating of AAA on Bank Pembangunan Malaysia Berhad (BPMB) and the AAAIS rating on the bank’s Islamic Medium-Term Notes (IMTN) Programme. The IMTN Programme will be upsized to RM11.0 billion from the existing RM5.0 billion limit to support BPMB’s funding requirements as well as refinance its existing sukuk. …

MARC Ratings affirms Bank Pembangunan’s ratings with stable outlook Read More »

MARC Ratings assigns final short-term rating of MARC-1IS to Titijaya’s ICP

MARC Ratings has assigned a final short-term rating of MARC-1IS to Titijaya Land Berhad’s (Titijaya) RM300 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 …

MARC Ratings assigns final short-term rating of MARC-1IS to Titijaya’s ICP Read More »

MARC Ratings assigns preliminary ratings of AA-IS(CG)/AIS(CG) to TG Treasury’s proposed RM3.0 billion IMTN/ Perpetual Sukuk Programme

MARC Ratings has assigned preliminary ratings of AA-IS(cg)/AIS(cg) to TG Treasury Berhad’s proposed RM3.0 billion Islamic Medium-Term Notes (IMTN)/ Perpetual Sukuk Programme. Concurrently, MARC Ratings has affirmed its rating of AIS(cg) on TG Excellence Berhad’s RM3.0 billion Perpetual Sukuk Wakalah Programme. The outlook on all ratings is stable. TG Treasury and TG Excellence are wholly-owned …

MARC Ratings assigns preliminary ratings of AA-IS(CG)/AIS(CG) to TG Treasury’s proposed RM3.0 billion IMTN/ Perpetual Sukuk Programme Read More »

MARC Ratings assigns preliminary rating of AIS to HCK’s proposed RM2.0 billion Sukuk Programme

MARC Ratings has assigned a preliminary rating of AIS to HCK Cap Access Berhad’s proposed Islamic Medium-Term Notes (IMTN) Programme of up to RM2.0 billion with a stable outlook. HCK Cap Access is a wholly-owned funding vehicle of HCK Capital Group Berhad (HCK). The programme allows for the issuance of senior IMTN and/or subordinated perpetual …

MARC Ratings assigns preliminary rating of AIS to HCK’s proposed RM2.0 billion Sukuk Programme Read More »

MARC Ratings affirms Pac Lease’s ratings with stable outlook

MARC Ratings has affirmed its ratings of AA/MARC-1 on Pac Lease Berhad’s Medium-Term Notes/ Commercial Papers (MTN/CP) Programmes with a combined limit of RM1.5 billion. The long-term rating outlook is stable. As of October 31, 2024, the outstanding issuances stood at RM535 million MTNs and RM280 million CPs. Pac Lease’s strong market position and lengthy …

MARC Ratings affirms Pac Lease’s ratings with stable outlook Read More »