Rating

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 […]

Posted Date: February 25, 2022 MARC Ratings has assigned long-term ratings of AAA, AA and A to Kinabalu Capital Sdn Bhd’s Issue 3 of RM113 million Class A, RM21 million Class B and RM11 million Class C Medium-Term Notes (MTN). The ratings outlook is stable. Kinabalu Capital is a special purpose funding vehicle for its

Posted Date: February 24, 2022 MARC Ratings has assigned final ratings of MARC-1IS / AA-IS to UEM Sunrise Berhad’s Islamic Commercial Papers (ICP) Programme and Islamic Medium-Term Notes (IMTN) Programme with a combined nominal value of RM4.0 billion. The outlook on the ratings is stable. The rating agency has reviewed the final documentation for the

Posted Date: February 15, 2022 MARC Ratings has revised the ratings outlook to negative from stable on its A+IS and AIS ratings on Tropicana Corporation Berhad’s RM1.5 billion Islamic Medium-Term Notes Programme (Sukuk Wakalah) and RM2.0 billion Perpetual Sukuk Programme (Perpetual Sukuk). The outlook revision highlights the rating agency’s increasing concern over the rise in

Posted Date: February 15, 2022 MARC Ratings has lowered its ratings on Alpha Circle Sdn Bhd’s outstanding RM115 million Senior Sukuk Musharakah to BIS/negative from BBIS/negative and RM55 million Junior Sukuk Musharakah to CIS from BIS/negative. The downgrades reflect Alpha Circle’s weakened financial position to fully meet its upcoming senior sukuk payment of RM55 million

Posted date: February 15, 2022 MARC Ratings has assigned a preliminary rating of AA-IS to MMC Port Holdings Sdn Bhd’s (MMC Port) proposed RM1.0 billion Sukuk Murabahah Programme. The rating carries a stable outlook. The assigned rating is driven by MMC Port’s very strong competitive position among transhipment port operators regionally and among gateway port

Posted Date: February 7, 2022 MARC Ratings has withdrawn its financial institution (FI) rating of AAA on the Export-Import Bank of Korea (KEXIM), as well as its AAA rating on KEXIM’s Medium-Term Notes (MTN) programme of RM1.0 billion. The rating withdrawal on the MTN programme follows its expiry on February 2, 2022. With this withdrawal,

Posted Date: 28 January, 2022 MARC Ratings has placed its rating of AA-IS on UiTM Solar Power Sdn Bhd’s (UiTM Solar) outstanding RM202.3 million Green SRI Sukuk on MARCWatch Negative. UiTM Solar owns and operates a 50MW solar plant in Gambang, Pahang. The rating agency had on November 26, 2021, highlighted that the plant became

Posted Date: January 27, 2022 MARC Ratings has withdrawn its ratings of AA+/AA+IS on CIMB Bank Berhad’s RM5.0 billion Tier 2 Subordinated Debt and Junior Sukuk programmes. The ratings withdrawal follows the termination of the programmes as confirmed by the facility agent. MARC Ratings’ analytical coverage on CIMB Bank’s issuance is now limited to the

Posted Date: January 14, 2022 MARC Ratings has assigned its financial institution (FI) rating of A+ to MBSB Bank Berhad and a preliminary rating of A+IS to the bank’s proposed RM5.0 billion Sukuk Wakalah programme. The outlook on the ratings is stable. MBSB Bank’s strength in banking and financing, particularly in personal financing, and a