Rating

MARC removes Serba Dinamik’s ICP/IMTN ratings from MARCWatch Negative and downgrades ratings to MARC-4IS/BBIS

Posted Date: November 12, 2021 MARC notes with heightened concern the recent developments in Serba Dinamik Holdings Berhad (Serba Dinamik) since placing the company’s Islamic programmes ratings on MARCWatch Negative at end-May 2021. The MARCWatch action then was taken pending clarity on issues raised on the group’s annual accounts for financial year 2020. The rating …

MARC removes Serba Dinamik’s ICP/IMTN ratings from MARCWatch Negative and downgrades ratings to MARC-4IS/BBIS Read More »

MARC affirms Bank Pembangunan’s financial institution and issue ratings with a stable outlook

Posted Date: November 11, 2021 MARC has affirmed Bank Pembangunan Malaysia Berhad’s (Bank Pembangunan) financial institution (FI) rating of AAA and accordingly the issue rating on the development financial institution’s (DFI) RM5.0 billion Islamic Medium-Term Notes (IMTN) Programme at AAAIS. The outlook on all ratings is stable. The ratings affirmation factors in Bank Pembangunan’s status …

MARC affirms Bank Pembangunan’s financial institution and issue ratings with a stable outlook Read More »

MARC affirms AA-IS rating on Guan Chong’s RM800.0 million Sukuk Programme

Posted Date: October 28, 2021 MARC has affirmed its rating of AA-IS on Guan Chong Berhad’s (GCB) Sukuk Wakalah Programme of up to RM800.0 million with a stable outlook. The affirmed rating reflects GCB’s strong position in the midstream cocoa supply chain as the largest cocoa grinder in Asia and fourth-largest in the world, as …

MARC affirms AA-IS rating on Guan Chong’s RM800.0 million Sukuk Programme Read More »