Rating

Posted Date: December 23, 2020 MARC has affirmed its rating of AA-IS to Leader Energy Sdn Bhd’s (Leader Energy) ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of up to RM260.0 million. The rating outlook is stable. The affirmed rating reflects MARC’s assessment that Leader Energy’s two solar power projects with a combined capacity …

MARC affirms AA-_IS rating on Leader Energy’s Asean Green SRI Sukuk Wakalah Read More »

Posted Date: December 21, 2020 MARC has affirmed its financial institution (FI) rating of AAA on Credit Guarantee Corporation Malaysia Berhad (CGC) with a stable outlook. CGC’s status as a development financial institution (DFI) with an explicit public policy role, underpinned by the support extended by the government through Bank Negara Malaysia (BNM), remains a …

MARC affirms FI rating of AAA on Credit Guarantee Corporation Malaysia Read More »

Posted Date: December 18, 2020 MARC has affirmed its AA-IS rating on MMC Corporation Berhad’s (MMC) RM2.5 billion Sukuk Murabahah Programme with a stable outlook. MMC’s significant competitive strengths in the engineering, ports and logistics segments that have translated to strong earnings generation remain key rating drivers. This is supported by steady earnings from its …

MARC affirms AA-_IS rating on MMC’s RM2.5 billion Sukuk Read More »

Posted Date: December 18, 2020 MARC has affirmed its AAAIS rating on Projek Lebuhraya Usahasama Berhad’s (PLUS) RM23.35 billion Sukuk Musharakah Programme, concurrently removing the rating from MARCWatch Developing where it had been placed since January 24, 2020. The rating outlook is stable. The rating action is premised on MARC’s view that as long as …

MARC removes PLUS from MARCWatch and affirms AAA_IS rating Read More »

Posted Date: December 18, 2020 MARC has assigned a preliminary rating of AA-IS to UiTM Solar Power Dua Sdn Bhd’s (UiTM Solar 2) proposed Green SRI Sukuk of up to RM100.0 million. The rating outlook is stable. UiTM Solar 2 was set up to develop and operate a 25MW solar power plant in Pasir Gudang, …

MARC assigns AA-_IS rating to UiTM Solar Power Dua’s proposed Green SRI Sukuk of up to RM100.0 million Read More »

Posted Date: December 17, 2020 MARC has assigned a final rating of AA-IS to special-purpose vehicle SHC Capital Sdn Bhd’s (SHC Capital) proposed RM80.0 million issuance under its RM200.0 million Islamic Medium-Term Notes Programme (Sukuk Wakalah). The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied …

MARC assigns final rating of AA-_IS to SHC Capital’s proposed Sukuk Wakalah Read More »

Posted Date: December 17, 2020 MARC has withdrawn its long-term and short-term counterparty credit ratings of AAA/MARC-1 on Credit Guarantee & Investment Facility. The ratings withdrawal is at the request of the entity. Contacts:Farhan Darham, +603-2717 2945/ farhan@marc.com.my; Mohd Izazee Ismail, +603-2717 2947/ izazee@marc.com.my. List related news | List related issues | List related reports

Posted Date: December 16, 2020 MARC has affirmed its AAIS rating on funding vehicle Fortune Premiere Sdn Bhd’s RM3.0 billion Multi-Currency Islamic Medium-Term Notes Programme (Sukuk Murabahah). The rating outlook is stable. Fortune Premiere’s rating reflects the credit strength of its parent company IOI Properties Group Berhad (IOI Properties) which has provided an unconditional and …

MARC affirms AAIS rating on Fortune Premiere’s RM3.0 billion Sukuk Murabahah Read More »

Posted Date: December 16, 2020 MARC has affirmed its financial institution (FI) ratings of A/MARC-1 on Bank Muamalat Malaysia Berhad (Bank Muamalat) and AIS rating on the bank’s Islamic Senior Notes Programme (Senior Sukuk) of up to RM2.0 billion. The ratings outlook is stable. The FI ratings reflect Bank Muamalat’s relatively modest size, strong capitalisation, …

MARC affirms Bank Muamalat’s financial institution ratings Read More »

Posted Date: December 16, 2020 MARC has affirmed its AA+IS rating on Celcom Networks Sdn Bhd’s (CNSB) RM5.0 billion Sukuk Murabahah Programme with a stable outlook. CNSB provides network telecommunication (telco) services to Celcom Axiata Berhad (Celcom) group. In assessing CNSB, MARC’s approach is to consider the overall credit profile of Celcom, premised on strong …

MARC affirms Celcom Networks’ AA+_IS rating Read More »