Rating

Posted Date: July 15, 2021 MARC has assigned a rating of AIS to Tropicana Corporation Berhad’s (Tropicana) RM2.0 billion existing Perpetual Sukuk programme with a stable outlook. The Perpetual Sukuk is rated one notch lower than Tropicana’s corporate credit rating of A+/stable to reflect its features and is in line with MARC’s methodology on subordinated …

MARC assigns AIS rating to Tropicana’s RM2.0 billion existing Perpetual Sukuk programme Read More »

Posted Date: July 15, 2021 MARC has affirmed its ratings on Cagamas Berhad’s bonds and sukuk issuances as follows: Conventional and Islamic Commercial Papers (CP/ICP) programmes with a combined aggregate limit of RM20.0 billion                 at MARC-1/MARC-1IS Conventional and Islamic Medium-Term Notes (MTN/IMTN) programmes of up to RM60.0 billion at …

MARC affirms Cagamas’ ratings with stable outlook Read More »

Posted date: July 15, 2021 MARC has affirmed its rating of AA-IS on Grand Sepadu (NK) Sdn Bhd’s (Grand Sepadu) RM210 million Sukuk Murabahah Issuance, with a stable outlook. The affirmation reflects Grand Sepadu’s adequate cash flow coverage and moderately leveraged capital structure. Moderating the rating are uncertainties on the implementation of the scheduled toll …

MARC affirms AA-_IS rating on Grand Sepadu’s RM210.0 million sukuk Read More »

Posted Date: July 12, 2021 MARC has affirmed its long- and short-term financial institution (FI) ratings of AA-/MARC-1 on KAF Investment Bank Berhad (KAF IB) with a stable outlook. KAF IB’s low-risk business model, strong liquidity and healthy capitalisation levels remain key rating drivers. The susceptibility of its earnings performance to the domestic capital market conditions …

MARC affirms KAF Investment Bank’s FI ratings with stable outlook Read More »

Posted Date: June 23, 2021 MARC has assigned preliminary ratings of AAAIS /MARC-1IS on Small Medium Enterprise Development Bank Malaysia Berhad’s (SME Bank) proposed Islamic Medium-Term Notes (IMTNs) Programme of up to RM3.0 billion (which shall include Sustainability IMTNs) and Islamic Commercial Papers (ICPs) Programme of up to RM1.0 billion, with a combined limit in …

MARC assigns preliminary ratings of AAA_IS/MARC-1_IS to SME Bank’s proposed RM3.0 billion IMTN/ICP programmes Read More »

Posted Date: June 23, 2021 MARC has assigned a corporate credit rating of  A+ with a stable outlook to Yinson Holdings Berhad (Yinson). The assigned rating is primarily driven by the group’s strong business profile in the floating, production, storage and offloading vessels (FPSO) segment from which it has been able to secure recurrent sizeable …

MARC assigns corporate credit rating of A+/Stable to Yinson Holdings Berhad Read More »

Posted Date: June 22, 2021 MARC has affirmed its AA-IS rating on Southern Power Generation Sdn Bhd’s (Southern Power) Sukuk Wakalah of up to RM4.0 billion with a stable outlook. Southern Power has developed a 2x720MW combined-cycle gas-fired power plant in Pasir Gudang, which achieved commercial operation date (COD) on January 1, 2021 for Block …

MARC affirms rating on Southern Power’s RM4.0 billion Sukuk Wakalah programme Read More »

Posted Date: June 15, 2021 MARC has assigned a final rating of AA- to 7-Eleven Malaysia Holdings Bhd’s (7-Eleven Holdings) RM600.0 million Medium-Term Notes (MTN) 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 …

MARC assigns final rating of AA-/stable to 7-Eleven Malaysia’s RM600.0 million MTN programme Read More »

Posted Date: June 15, 2021 MARC has assigned a final rating of AAIS with a stable outlook to S P Setia’s RM3.0 billion Islamic Medium-Term Notes 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 …

MARC assigns final rating of AAIS/stable to S P Setia’s RM3.0 billion Islamic Medium-Term Notes programme Read More »

Posted Date: June 8, 2021 MARC has affirmed its A+IS(s) rating on Projek Lintasan Sungai Besi – Ulu Klang Sdn Bhd’s (PLSUKE) Sukuk Wakalah Programme of up to RM2.0 billion, with a stable outlook. The rating on the Sukuk Wakalah reflects the credit strength of Projek Lintasan Kota Holdings (PROLINTAS) as the provider of an …

MARC affirms PLSUKE’s ratings with stable outlook Read More »