Rating

Posted Date: December 23, 2020 MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+/ MARC-1 on Kenanga Investment Bank Berhad (Kenanga). The ratings outlook is stable. Kenanga’s strong competitive position in the domestic stockbroking industry and its sound capital position are key rating drivers. The ratings also consider its moderate profitability […]

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

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

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

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

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,

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

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

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,