Rating

MARC Ratings affirms Farm Fresh’s rating at AA-IS with stable outlook

MARC Ratings has affirmed its rating of AA-IS on Farm Fresh Berhad’s Islamic Medium-Term Notes (IMTN) Programme of RM1.0 billion under the Shariah principle of Wakalah Bi Al-Istithmar. The rating outlook is stable. The rating affirmation reflects Farm Fresh’s growing sales track record for its wide range of dairy products, and strong domestic market position …

MARC Ratings affirms Farm Fresh’s rating at AA-IS with stable outlook Read More »

MARC Ratings withdraws rating on TSH Sukuk Ijarah’s IMTN upon full redemption

Posted Date: March 10, 2022 MARC Ratings has withdrawn its rating of A+IS on TSH Sukuk Ijarah Sdn Bhd’s RM300 million Medium-Term Notes (IMTN) Programme. The rating withdrawal follows the full redemption of the outstanding RM15 million and subsequent cancellation of the programme. TSH Sukuk Ijarah is a wholly-owned special purpose funding vehicle of TSH …

MARC Ratings withdraws rating on TSH Sukuk Ijarah’s IMTN upon full redemption Read More »

MARC Ratings affirms ratings on Cagamas MBS’ asset-backed Sukuk Musyarakah and fixed rate serial bonds

Posted Date: March 09, 2022 MARC Ratings has affirmed its AAAIS and AAA ratings on Cagamas MBS Berhad’s asset-backed Sukuk Musyarakah issuance (CMBS 2007-1-i) and fixed rate serial bonds issuances (CMBS 2005-2; CMBS 2007-2). The outlook on all ratings is stable. Cagamas MBS was established to undertake the securitisation of conventional and Islamic home financing …

MARC Ratings affirms ratings on Cagamas MBS’ asset-backed Sukuk Musyarakah and fixed rate serial bonds Read More »

MARC Ratings assigns final rating of A+IS to MBSB Bank’s RM5.0 billion Sustainability Sukuk Wakalah Programme

Posted Date: March 9, 2022 MARC Ratings has assigned a final rating of A+IS to MBSB Bank Berhad’s RM5.0 billion Islamic Medium-Term Notes (Sustainability Sukuk Wakalah) Programme. The outlook on the rating is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not …

MARC Ratings assigns final rating of A+IS to MBSB Bank’s RM5.0 billion Sustainability Sukuk Wakalah Programme Read More »

MARC Ratings assigns final rating of A+IS to Tan Chong Motor’s Sukuk Murabahah Programme

Posted Date: March 9, 2022 MARC Ratings has assigned a final rating of A+IS to Tan Chong Motor Holdings Berhad’s (TCMH) RM1.5 billion Islamic Medium-Term Notes (Sukuk Murabahah) Programme. The rating is confined to a RM500.0 million issuance and any further drawdown will require a reassessment of the rating. The outlook on the rating is …

MARC Ratings assigns final rating of A+IS to Tan Chong Motor’s Sukuk Murabahah Programme Read More »

MARC Ratings assigns a final rating of A+IS to YNH’s RM700 million Sukuk Wakalah Programme

Posted Date: February 28, 2022 MARC Ratings has assigned a final rating of A+IS to YNH Property Berhad’s (YNH) Islamic Medium-Term Notes Programme (Sukuk Wakalah) of up to RM700 million with a stable outlook. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not …

MARC Ratings assigns a final rating of A+IS to YNH’s RM700 million Sukuk Wakalah Programme Read More »

MARC Ratings assigns final rating of AA-IS(CG) to KPJ-guaranteed RM3.0 billion Sukuk Wakalah

Posted Date: February 28, 2022 MARC Ratings has assigned a final rating of AA-IS(CG) to Point Zone (M) Sdn Bhd’s Islamic Medium-Term Notes (Sukuk Wakalah) programme of RM3.0 billion with a stable outlook. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed …

MARC Ratings assigns final rating of AA-IS(CG) to KPJ-guaranteed RM3.0 billion Sukuk Wakalah Read More »