The MARC Group of Companies comprises MARC Ratings, MARC Solutions, MARC Data and MARC Learning.
MARC's subsidiaries each provide distinct product offerings and services.
Find the vital information you need and stay up to date with the latest news from MARC.
MARC organises a diverse range of events throughout the year to engage with all stakeholders.
Let's get the conversation started - Get in touch with us!
MARC Ratings has affirmed its AA-IS rating on Jimah East Power Sdn Bhd’s (JEP) outstanding RM8.24 billion Sukuk Murabahah with a stable outlook. The affirmed rating is underpinned by JEP’s predictable cash flow from its 2×1,000-MW ultra-supercritical coal plant under a 25-year power purchase agreement (PPA) with its indirect 70% shareholder, Tenaga Nasional Berhad (TNB). …
MARC Ratings affirms Jimah East Power’s AA-IS rating Read More »
MARC Ratings has withdrawn its rating of AAAIS(bg)/Stable on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme guaranteed by Bank Pembangunan Malaysia Berhad at the request of the issuer. There is no outstanding under the programme which will expire on December 1, 2025. Following the withdrawal, MARC Ratings will no longer provide …
MARC Ratings has affirmed its rating of AAAIS on Pengerang LNG (Two) Sdn Bhd’s (PLNG2) Islamic Medium-Term Notes Programme of up to RM3.0 billion. The rating outlook is stable. PLNG2 owns a regasification terminal with a capacity of up to 3.5 million tonnes per annum (mtpa), through which natural gas has been substantially supplied to …
MARC Ratings affirms PLNG2’s rating with stable outlook Read More »
MARC Ratings has upgraded DRB-HICOM Berhad’s RM3.5 billion Sukuk Programme rating to AA-IS from A+IS. Accordingly, the rating outlook has been revised to stable from positive. The rating upgrade incorporates DRB-HICOM’s strengthened credit profile from the robust performance of its automotive operations in recent years, particularly its key subsidiary PROTON Holdings Berhad. Improving leverage and …
MARC Ratings upgrades DRB-HICOM’s Sukuk Programmes ratings Read More »
MARC Ratings has affirmed its AA+IS rating on Kapar Energy Ventures Sdn Bhd’s (KEV) outstanding RM320.0 million Sukuk Ijarah with a stable outlook. The affirmed rating benefits from a two-notch uplift from KEV’s standalone rating due to expected support from Tenaga Nasional Berhad (AAA/Stable), which has 60.0% ownership of KEV through its wholly-owned subsidiary TNB …
MARC Ratings affirms AA+IS rating on Kapar Energy Ventures’ sukuk Read More »
MARC Ratings has affirmed its AA-IS rating on SAJ Capital Sdn Bhd’s Sukuk Murabahah of up to RM650 million with a stable outlook. SAJ Capital is a wholly-owned funding vehicle of Ranhill Capital Sdn Bhd, which owns 80% of Ranhill SAJ Sdn Bhd. As the dividends from Ranhill SAJ form the source of the profit …
MARC Ratings has affirmed its rating on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion at AA-IS with a stable outlook. The rating affirmation considers PPSB’s strong track record as the operator of Penang Port, the key trade gateway port in northern Peninsular Malaysia that handles container and …
MARC Ratings has assigned preliminary ratings of AAA/AAAIS to Cagamas Berhad’s proposed Conventional/Islamic Medium-Term Notes (MTN/IMTN) Programmes with a combined limit of up to RM80.0 billion. Concurrently, the rating agency has affirmed its ratings on Cagamas’ bonds and sukuk issuances as follows: MARC-1/MARC-1IS on Conventional/Islamic Commercial Papers (CCP/ICP) Programmes with a combined limit of RM20.0 …
MARC Ratings has assigned a preliminary rating of AAIS to Berapit Mobility Sdn Bhd’s (BMSB) proposed Sustainability Islamic Medium-Term Notes Programme (sukuk programme) of up to RM1.5 billion. The outlook on the rating is stable. The rating reflects the size and predictability of operating cash flow under the long lease agreements of 25 years, the …
MARC Ratings has assigned a preliminary rating of AA-IS to Power Root Berhad’s proposed RM500.0 million Islamic Medium-Term Notes (IMTN) Programme. The rating outlook is stable. The assigned rating is premised on Power Root’s established position in the instant beverage sector, supported by an extensive sales network, and its steady financial performance, characterised by sustained …