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Posted Date: December 15, 2021 MARC has affirmed its AAIS rating on ANIH Berhad’s RM2.5 billion Senior Sukuk Musharakah Programme with a stable outlook. ANIH is the concessionaire of Kuala Lumpur-Karak Highway (KL-Karak) and Phase 1 of East Coast Expressway (ECE1) until 2032. The rating reflects the company’s strong operating cash flow generation, underpinned by …
MARC affirms ANIH’S AAIS rating with stable outlook Read More »
Posted Date: December 15, 2021 MARC has affirmed its AA-IS rating with a stable outlook on AZRB Capital Sdn Bhd’s (ACSB) outstanding RM535.0 million Islamic Medium-Term Notes (Sukuk Murabahah). ACSB is a special-purpose vehicle of Ahmad Zaki Resources Berhad (AZRB) and was set up to subscribe to Redeemable Convertible Preference Shares (RCPS-i) issued by sister …
MARC affirms AA-IS rating on AZRB Capital’s RM535.0 million Sukuk Murabahah Read More »
Posted Date : December 15, 2021 MARC has affirmed its rating of AA-IS on Evyap Sabun Malaysia Sdn Bhd’s (Evyap Malaysia) RM500.0 million Sukuk Wakalah Programme with a stable outlook. As of date, the company has issued RM200 million sukuk. The rating is premised on Evyap Malaysia’s strong domestic market position in oleochemicals, its vertically …
MARC affirms AA-IS rating on Evyap Malaysia’s RM500.0 million sukuk programme Read More »
Posted Date: December 15, 2021 MARC has affirmed its ratings of MARC-1IS /AAIS to Cellco Capital Bhd’s (Cellco) RM520 million issuance (Issue 1) under its Islamic Commercial Papers/Islamic Medium-Term Notes (Sukuk Ijarah Programme) with a combined limit of up to RM1.0 billion. The ratings outlook is stable. Cellco is a special-purpose entity that was set …
MARC affirms MARC-1IS/AAIS ratings on Cellco’s RM520 million Sukuk Ijarah Programme Read More »
Posted Date: December 14, 2021 MARC has withdrawn its rating of AAAIS on Al-Bai’ Bithaman Ajil Islamic Financing Bonds of RM2.0 billion issued by Tenaga Nasional Berhad. The rating withdrawal follows the full redemption of the Islamic bonds upon maturity on December 13, 2021. Contacts:Lee Chi Han, +603-2717 2939/ chihan@marc.com.my;Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my. List …
MARC withdraws rating on maturity of Tenaga’s Islamic bonds Read More »
Posted Date: December 14, 2021 MARC has affirmed its financial institution (FI) rating of AAA with a stable outlook on Credit Guarantee Corporation Malaysia Berhad (CGC). The rating reflects CGC’s status as a development financial institution (DFI) with an explicit public policy role, underpinned by the support provided by the government through Bank Negara Malaysia …
MARC affirms FI rating of AAA on Credit Guarantee Corporation Malaysia Read More »
Posted Date: December 10, 2021 MARC has downgraded Serba Dinamik Holdings Berhad’s Islamic Medium-Term Notes Programme (IMTN) rating to CIS from BBIS/Negative. Serba Dinamik’s Islamic Commercial Papers (ICP) rating remains at MARC-4IS which is the lowest category under the non-investment grade, reflecting the heightened risk of non-repayment on the outstanding RM100 million ICP. MARC’s downgrade …
MARC downgrades Serba Dinamik’s IMTN rating to CIS Read More »
Posted Date: December 9, 2021 MARC has downgraded Senai-Desaru Expressway Berhad’s (SDEB) RM1.89 billion Islamic Medium-Term Notes Programme (Restructured Sukuk) rating to BBIS from BBB-IS. The rating outlook remains negative. The downgrade reflects our view that SDEB’s tight liquidity position has heightened the risk of the company not being able to address its upcoming financial …
Posted Date: December 9, 2021 MARC has affirmed its financial institution 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 ratings incorporate Bank Muamalat’s healthy capitalisation levels, stronger asset quality metrics …
MARC affirms Bank Muamalat’s financial institution ratings Read More »
Posted Date: November 30, 2021 MARC has affirmed its preliminary AA-IS rating on Sparks Energy 1 Sdn Bhd’s proposed ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Murabahah of up to RM220.0 million. The rating outlook is stable. Sparks Energy 1 is a special purpose vehicle incorporated to raise funding to develop two 30MWac solar …