Ratings

MARC Ratings has affirmed its MARC-1IS/AAAIS ratings on PETRONAS Dagangan Berhad’s (PDB) RM10.0 billion nominal value Islamic Commercial Papers/ Islamic Medium-Term Notes (ICP/IMTN) Programmes. The long-term rating outlook is stable. The affirmed ratings reflect PDB’s well-established track record and its very strong market position in the domestic retailing and marketing of petroleum products. The ratings …

MARC Ratings affirms PETRONAS Dagangan’s ICP/IMTN ratings with stable outlook Read More »

MARC Ratings has affirmed its rating of AA- on STM Lottery Sdn Bhd’s RM800.0 million 15-year Medium-Term Notes (MTN) Programme with a stable outlook. The rating affirmation considers STM Lottery’s key position as the leading licensed number forecast operator in the country, its long operating track record, as well as strong cash flow generation relative …

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

MARC Ratings has affirmed its rating of AA-IS with a stable outlook on Malaysian Resources Corporation Berhad’s (MRCB) Islamic Medium-Term Notes Programme (Sukuk Murabahah) of up to RM5.0 billion. The affirmed rating is mainly driven by MRCB’s established property track record, particularly in transit-oriented developments (TOD), and further growth in its sizeable construction order book. …

MARC Ratings affirms AA-_IS rating on MRCB’s RM5.0 billion IMTN Programme Read More »

MARC Ratings has affirmed SD Guthrie Berhad’s corporate credit rating at AAA. Concurrently, the rating agency has also affirmed its rating on SD Guthrie’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion at AAIS. The two-notch rating differential between SD Guthrie’s corporate credit rating and the Perpetual Sukuk rating is in line …

MARC Ratings affirms ratings on SD Guthrie Read More »

MARC Ratings has affirmed its rating of AA-IS on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook. MMC group’s strong competitive strength and longstanding track record in key sectors of the economy, namely ports and logistics, engineering, and energy and utilities, remain the key rating drivers. The rating is moderated …

MARC Ratings affirms MMC’s RM2.5 billion sukuk programme at AA-_IS Read More »

MARC Ratings has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB). KIIB is rated at the same level as parent KIB, reflecting its strategic role in supporting the group’s objectives in Islamic finance, and the high level of operational integration between …

MARC Ratings affirms IMR-2 rating on Kenanga Investors and Kenanga Islamic Investors Read More »

MARC Ratings has assigned a final rating of AAIS to Berapit Mobility Sdn Bhd’s RM1.5 billion Sustainability Islamic Medium-Term Notes (IMTN) 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 …

MARC Ratings assigns final rating of AA_IS to Berapit Mobility’s RM1.5 billion sukuk programme Read More »

MARC Ratings has affirmed its rating of AAIS on Northport (Malaysia) Bhd’s RM1.5 billion Sukuk Musharakah Programme with a stable outlook. Northport’s well-established operational track record as a key port operator in Port Klang and healthy profitability remain key rating drivers. The rating is mainly moderated by concerns on global trade flows and higher capex …

MARC Ratings affirms AA_IS rating on Northport’s RM1.5 billion Sukuk Musharakah Read More »

MARC Ratings has upgraded its rating on Point Zone (M) Sdn Bhd’s Sukuk Wakalah Programme to AAIS(cg) from AA-IS(cg) and accordingly revised the rating outlook to stable from positive. The rating reflects the credit strength of Point Zone’s parent KPJ Healthcare Berhad (KPJ) which has provided an unconditional and irrevocable guarantee on the sukuk programme. …

MARC Ratings upgrades rating on KPJ-related entity’s sukuk programme to AA_IS(cg) Read More »

MARC Ratings has assigned a final rating of AIS to Tropicana Corporation Berhad’s RM1.5 billion Islamic Medium-Term Notes (IMTN) (Sukuk Wakalah) 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 …

MARC Ratings assigns final rating of A_IS to Tropicana’s RM1.5 billion IMTN Programme Read More »