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Posted Date: June 29, 2020 MARC has assigned a final rating of AA-IS to Leader Energy Sdn Bhd’s (Leader Energy) proposed ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of up to RM260.0 million. The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that …
Posted Date: June 19, 2020 MARC has affirmed its financial institution (FI) ratings of AAA/MARC-1 on Islamic Development Bank (IsDB), as well as its rating of AAAIS on the Sukuk Wakalah programme of up to RM400 million issued by Tadamun Services Berhad, a trust established by IsDB. The outlook on the ratings is stable. The …
MARC affirms Islamic Development Bank’s AAA/MARC-1 ratings with stable outlook Read More »
Posted Date: June 19, 2020 MARC has affirmed its AA-IS rating on SAJ Capital Sdn Bhd’s Sukuk Murabahah of up to RM650.0 million. The rating outlook is stable. SAJ Capital is 100%-owned by Ranhill Capital Sdn Bhd, which holds an 80% interest in Ranhill SAJ Sdn Bhd (RSAJ), the sole water treatment operator and treated …
MARC affirms AA-IS rating on SAJ Capital’s RM650.0 million Sukuk Murabahah Read More »
MARC has assigned preliminary ratings of AAAIS/MARC-1IS to Gas Malaysia Distribution Sdn Bhd’s (GMD) proposed Islamic Medium-Term Notes (IMTN) programme and Islamic Commercial Papers (ICP) programme with a combined limit of up to RM1.0 billion. The ratings outlook is stable. GMD is a wholly-owned subsidiary of Gas Malaysia Berhad and was established under a group-wide …
Posted Date: June 17, 2020 MARC has withdrawn its ratings of MARC-1/AA- on Murud Capital Sdn Bhd’s Senior Commercial Papers/Medium-Term Notes (Senior CP/MTN) programme of up to RM290 million. The rating withdrawal follows the full redemption of the outstanding RM244 million Senior CP and subsequent cancellation of the programme. Upon the withdrawal, MARC will no …
MARC withdraws ratings on Murud Capital’s Senior CP/MTN upon full redemption Read More »
MARC has assigned a preliminary 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 assigned rating incorporates MRCB’s established market position in property development, particularly in transit-oriented developments (TOD), that has benefitted from the support extended by its …
Posted Date: June 15, 2020 MARC has affirmed its AA-IS rating on Southern Power Generation Sdn Bhd’s (SPG) Sukuk Wakalah of up to RM4.0 billion with a stable outlook. SPG is a 51:49 joint venture between Tenaga Nasional Bhd (TNB) and SIPP Energy Sdn Bhd (SIPP) and was established to develop a 2×720-megawatt (MW) combined-cycle …
MARC affirms AA-IS rating on Southern Power’s Sukuk Wakalah of up to RM4.0 billion Read More »
Posted Date: June 12, 2020 MARC has affirmed its short-term rating of MARC-2IS on Bina Darulaman Berhad’s (BDB) RM100.0 million Islamic Commercial Papers (ICP) Programme. The affirmed rating incorporates BDB’s status as a Kedah state-owned entity that has benefitted from state support in securing contracts for its road building division and facilitating land acquisition for …
MARC affirms Bina Darulaman’s RM100.0 million ICP programme rating Read More »
Posted Date: June 03, 2020 MARC has assigned a final rating of AA-IS with a stable outlook to Pelabuhan Tanjung Pelepas Sdn Bhd’s (PTP) proposed RM1.9 billion Sukuk Murabahah 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 …
MARC assigns final rating of AA-IS to PTP’s RM1.9 billion Sukuk Read More »
Posted Date: May 22, 2020 MARC has affirmed its ratings on Ranhill Powertron II Sdn Bhd’s (RPII) RM140.0 million outstanding Islamic Medium-Term Notes (IMTN) at AAIS and RM350.0 million outstanding guaranteed IMTN at AAAIS(fg). The ratings outlook is stable. RPII owns and operates the 190-MW combined-cycle gas turbine (CCGT) Rugading Power Station in Sabah under …