Rating

Posted Date: November 18, 2021 MARC has affirmed Sime Darby Plantation Berhad’s (SD Plantation) corporate credit ratingat AAA with a stable outlook. The rating agency has concurrently affirmed its AAIS /Stable rating on SD Plantation’s Perpetual Subordinated Sukuk Programme (Perpetual Sukuk) of up to RM3.0 billion. The affirmed ratings are driven by SD Plantation’s strong […]

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

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

Posted Date: October 29, 2021 MARC has affirmed its ratings of A+IS and A-IS on DRB-HICOM Berhad’s Sukuk Programme of up to RM3.5 billion and Perpetual Sukuk Musharakah Programme of up to RM2.0 billion. All ratings carry a stable outlook. The ratings affirmation incorporates DRB-HICOM’s continued strength in its key automotive segment that is reflected

Posted Date: October 29, 2021 MARC has affirmed its rating of AA-IS on Penang Port Sdn Bhd’s (PPSB) Islamic Medium-Term Notes Issuance Programme of up to RM1.0 billion with a stable outlook. The affirmed rating factors in PPSB’s strength as the operator of Penang Port, a key trade gateway port in northern Malaysia, in generating

Posted Date: October 28, 2021 MARC has affirmed its AAA and MARC-1 ratings with a stable outlook on Kinabalu Capital Sdn Bhd’s outstanding RM20 million Class A Medium-Term Notes (MTN) and RM200 million Commercial Papers (CP) under Issue 1. The outstanding issuances will mature on December 22, 2021 and are in the process of being

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

Posted Date: October 28, 2021 MARC has affirmed its AAIS /AA ratings on OSK Rated Bond Sdn Bhd’s (OSKRB) 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. OSKRB is a special-purpose funding vehicle of parent OSK Holdings Berhad (OSK) which extended an unconditional

Posted Date: October 28, 2021 MARC has affirmed its rating of AAAIS on Pengerang LNG (Two) Sdn Bhd’s (PLNG2) Islamic Medium-Term Notes (IMTN) Programme of up to RM3.0 billion. The rating outlook is stable. The affirmed rating is premised on PLNG2’s stable and sizeable revenue generation ability under set tariffs for its regasification services, the

Posted Date: October 28, 2021 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 under the rated programme stood at RM3.22 billion as at October 26, 2021. Aman is a wholly-owned funding vehicle of PBLT Sdn Bhd,