Rating

Posted Date: November 24, 2020 MARC has affirmed its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 15-year Medium-Term Notes (MTN) Programme ending in 2032. The rating carries a stable outlook. Sports Toto’s ability to generate healthy cash flow as a number forecast operator (NFO) in the domestic gaming sector, …

MARC affirms AA- rating on Sports Toto Malaysia’s RM800.0 million MTN programme Read More »

Posted Date: November 23, 2020 MARC has assigned a final rating of A+IS with a stable outlook to Sunsuria Berhad’s RM500.0 million Sukuk Wakalah 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 draft documentation …

MARC assigns final rating of A+_IS to Sunsuria’s RM500.0 million Sukuk Wakalah programme Read More »

Posted Date: November 20, 2020 MARC has assigned a final rating of AA-IS with a stable outlook to Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) proposed RM500.0 million Sukuk Wakalah 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 …

MARC assigns final rating of AA-_IS to Evyap’s RM500.0 million Sukuk Read More »

Posted Date: November 19, 2020 MARC has assigned a final rating of AA-IS with a stable outlook to Guan Chong Berhad’s proposed RM800.0 million Sukuk Wakalah 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 AA-_IS to Guan Chong’s RM800.0 million sukuk Read More »

Posted Date: November 19, 2020 MARC has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah with a stable outlook. TTM SPV is the funding vehicle for the second phase of the Trans Thailand-Malaysia project (TTM Phase II), consisting of two gas pipelines between the Malaysia-Thailand Joint Development Area and …

MARC affirms AAA_IS rating on Trans Thailand-Malaysia phase II’s Sukuk Murabahah Read More »

Posted Date: November 18, 2020 MARC has downgraded MEX II Sdn Bhd’s (MEX II) RM1.3 billion Sukuk Murabahah Programme rating to BBBIS from AIS, and its RM150.0 million Junior Bonds to BB from BBB. The ratings remain on MARCWatch Negative. The ratings have been on MARCWatch Negative since May 2020 following insufficient progress with respect …

MARC downgrades MEX II’s Sukuk Murabahah rating to BBBIS Read More »

Posted Date: November 16, 2020 MARC has assigned final ratings of AAIS/AA to special purpose vehicle OSK Rated Bond Sdn Bhd’s (OSKRB) proposed Sukuk Murabahah/Multi-Currency Medium-Term Notes Programme (Sukuk/MCMTN) with a combined limit of up to RM2.0 billion. The ratings outlook is stable. The assigned ratings apply to ringgit-denominated sukuk/notes issued under the programme. The …

MARC assigns final ratings of AAIS/AA to OSK unit’s proposed sukuk/mcmtn Read More »

Posted Date: November 13, 2020 MARC has affirmed its rating of AA-IS on Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah and concurrently revised the rating outlook to stable from negative. DUKE 3 is undertaking the Setiawangsa-Pantai Expressway (SPE) project under a concession agreement with the government ending August 5, 2069. …

MARC revises DUKE 3’s rating outlook to stable Read More »

Posted Date: November 10, 2020 MARC has affirmed its AAA and MARC-1 ratings on Kinabalu Capital Sdn Bhd’s RM20 million Class A Medium-Term-Notes (MTN) and RM200 million Commercial Papers (CP) under Issue 1. The aggregate outstanding nominal value of MTN and CP programmes under Issue 1 is capped at RM220 million. The ratings outlook is …

MARC affirms Kinabalu Capital’s Class A MTN and CP ratings under Issue 1 Read More »

Posted Date: November 5, 2020 MARC has assigned its preliminary rating of AA-IS to special-purpose vehicle SHC Capital Sdn Bhd’s proposed RM80.0 million issuance under its RM200 million IMTN (Sukuk Wakalah) programme. The rating outlook is stable. There are no expectations of further drawdown in the medium term; any further drawdown will require a re-assessment …

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