Rating

Posted Date: August 25, 2020 MARC has affirmed CIMB Islamic Bank Berhad’s (CIMB Islamic) financial institution (FI) ratings of AAA/MARC-1/Stable. CIMB Islamic’s FI ratings are equalised to parent CIMB Bank Berhad (AAA/Stable), based on its strategic importance in Islamic banking, its shared branding and close operational integration within the group. The rating agency has concurrently …

MARC affirms CIMB Islamic’s financial institution and related issue ratings Read More »

Posted Date: August 25, 2020 MARC has affirmed its AAAIS rating on Aman Sukuk Berhad’s (Aman) Islamic Medium-Term Notes (IMTN) programme of up to RM10.0 billion with a stable outlook. The outstanding IMTN under the rated programme stood at RM4.07 billion as at May 31, 2020. Aman is a wholly-owned funding vehicle of PBLT Sdn …

MARC affirms AAA_IS rating on Aman Sukuk’s RM10.0 billion IMTN programme Read More »

Posted Date: August 21, 2020 MARC has extended its MARCWatch Negative placement on MEX II Sdn Bhd’s RM1.3 billion Sukuk Murabahah Programme and RM150.0 million Junior Bonds. MARC had first placed the ratings on watch in May 2020 because of the company’s lack of sufficient progress with respect to its 16.8-km Lebuhraya Putrajaya-KLIA highway project …

MARC extends MARCWatch Negative placement on MEX II’s ratings Read More »

Posted Date: August 13, 2020 MARC has affirmed its AAAIS(fg) rating on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme with a stable outlook. The affirmed rating and outlook reflect the credit strength of Danajamin Nasional Berhad (Danajamin) which has provided unconditional and irrevocable financial guarantee insurance on the programme. MARC maintains …

MARC affirms rating of AAA_IS(fg) on Masteel’s RM130.0 million guaranteed Sukuk Ijarah Programme Read More »

Posted Date: August 13, 2020 MARC has affirmed its ratings on WCT Holdings Berhad’s RM1.0 billion Medium Term Notes (MTN) Programme at AA- and its RM1.5 billion Sukuk Murabahah (Sukuk) Programme at AA-IS. The rating agency has also affirmed its rating on the RM1.0 billion Perpetual Sukuk Musharakah Programme at AIS. The outlook for all …

MARC affirms WCT Holdings’ debt and sukuk ratings Read More »

Posted Date: August 13, 2020 MARC has affirmed its AAAIS rating on MISC Berhad’s RM2.5 billion Islamic Medium-Term Notes (IMTN) programme with a stable outlook. Currently, there is no outstanding under the programme. The affirmed rating continues to benefit from rating uplift on MARC’s expectation of strong parental support from Petroliam Nasional Berhad (PETRONAS) based …

MARC affirms AAA_IS rating on MISC’s Islamic MTN Programme Read More »

Posted Date: August 13, 2020 MARC has withdrawn its AAAIS rating on Cagamas MBS Berhad’s asset-backed Sukuk Musyarakah of RM2,050.0 million (CMBS 2005-1). The rating withdrawal follows the full redemption of the final tranche (Series 6) of the RM400.0 million sukuk issued under CMBS 2005-1 and cancellation of the facility which was confirmed by the …

MARC withdraws rating on Cagamas MBS’ RM2,050.0 million asset-backed Sukuk Musyarakah (CMBS 2005-1) Read More »

Posted Date: August 13, 2020 MARC has affirmed its rating of AA-IS on toll road concessionaire Grand Sepadu (NK) Sdn Bhd’s RM210.0 million Sukuk Murabahah. The rating outlook has been revised to stable from negative. The outstanding sukuk stood at RM150.0 million as at August 5, 2020. The revised outlook incorporates a substantial reduction in …

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

Posted Date: August 7, 2020 MARC has affirmed its ratings of A+IS and A-IS on DRB-HICOM’s Sukuk Programme of up to RM3.5 billion and Perpetual Sukuk Musharakah Programme (Perpetual Sukuk) of up to RM2.0 billion. The ratings outlook has been revised to stable from positive. The affirmed senior sukuk rating is underpinned by our view …

MARC affirms DRB-HICOM’S ratings and revises outlook to stable Read More »

Posted Date: July 30, 2020 MARC has assigned a final rating of AA-IS to Malaysian Resources Corporation Berhad’s (MRCB) proposed Islamic Medium-Term Notes Programme of up to RM5.0 billion (Sukuk Murabahah) with a stable outlook. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have …

MARC assigns final rating of AA-_IS to MRCB’s proposed Islamic MTN Programme of up to RM5.0 billion Read More »