Rating

Posted Date: October 28, 2021 MARC has affirmed its MARC-1/AA- ratings on Sunway Berhad’s issuances under the RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) Programmes, and MARC-1IS(cg)/AA-IS(cg) ratings on Sunway Treasury Sukuk Sdn Bhd’s issuances under the RM2.0 billion Sukuk Programme and RM10.0 billion Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) Programmes. All ratings carry a stable …

MARC affirms ratings on Sunway and Sunway Treasury’s Programmes Read More »

Posted Date: October 27, 2021 MARC has affirmed its rating of AA-IS on special-purpose vehicle SHC Capital Sdn Bhd’s RM80.0 million issuance under its RM200 million Islamic Medium-Term Notes (Sukuk Wakalah) Programme. The rating outlook is stable. There are no expectations of further drawdown in the medium term; any further drawdown will require a re-assessment …

MARC affirms AA-_IS rating on SHC Capital’s Sukuk Wakalah Programme Read More »

Posted Date: October 25, 2021 MARC has affirmed its rating on toll concessionaire Lebuhraya DUKE Fasa 3 Sdn Bhd’s (DUKE 3) RM3.64 billion Sukuk Wakalah at AA-IS with a stable outlook. The rating incorporates the accommodative sukuk repayment profile that allows for sufficient time for traffic volume on DUKE 3’s 32-km Setiawangsa-Pantai Expressway (SPE) to …

MARC affirms AA-_IS rating on DUKE 3’s RM3.64 billion sukuk Read More »

Posted Date: October 25, 2021 MARC has affirmed Tenaga Nasional Berhad’s (TNB) issuer rating at AAA and the sukuk rating on TNB’s outstanding RM2.0 billion Al-Bai’ Bithaman Ajil Islamic Financing Bonds (sukuk) at AAAIS. The ratings carry a stable outlook. TNB’s credit strength stems from its significant electricity generation capacity, lengthy and strong operational track …

MARC affirms Tenaga Nasional’s ratings with stable outlook Read More »

Posted Date: October 25, 2021 MARC has assigned a preliminary rating of A+IS to Yinson Holdings Berhad’s proposed RM1.0 billion Islamic Medium-Term Notes (IMTN) programme with a stable outlook. This follows the corporate credit rating of A+ that MARC assigned to Yinson on June 23, 2021. The rating on the IMTN programme is driven by …

MARC assigns A+_IS rating to Yinson’s proposed IMTN Programme Read More »

Posted Date: October 22, 2021 MARC has assigned a final rating of AAAIS to Bank Pertanian Malaysia Berhad’s (Agrobank) RM1.0 billion Islamic Medium-Term Notes Programme (IMTN Programme). The rating outlook is stable. The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in …

MARC assigns final rating of AAA_IS to Agrobank’s RM1.0 billion IMTN Programme Read More »

Posted Date: October 15, 2021 MARC has affirmed its AA- and AA-IS ratings on WCT Holdings Berhad’s RM1.0 billion Medium-Term Notes (MTN) Programme and RM1.5 billion Sukuk Murabahah Programme. Concurrently, the rating agency also affirmed its AIS rating on WCT Holdings’ RM1.0 billion Perpetual Sukuk Musharakah Programme. All ratings carry a stable outlook. The ratings …

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

Posted Date: October 15, 2021 MARC has downgraded its rating on Segi Astana Sdn Bhd’s RM415.0 million ASEAN Green Medium-Term Notes (MTN) facility to A+ from AA-. The rating outlook is maintained at negative. The rating benefits from a single notch uplift based on the undertaking from parent WCT Holdings Berhad (WCT) (AA-/Stable) to provide …

MARC downgrades rating on Segi Astana’s RM415.0 million ASEAN Green MTN facility and maintains outlook at negative Read More »

Posted Date: October 13, 2021 MARC has revised the ratings outlook on Konsortium Lebuhraya Utara-Timur (KL) Sdn Bhd’s (Kesturi) RM2.3 billion Sukuk Musharakah (Senior Sukuk) and RM180 million Redeemable Secured Junior Bonds to negative from stable. Concurrently, the rating agency has affirmed its AA-IS and A- ratings on the Senior Sukuk and Junior Bonds, with …

MARC affirms Kesturi’s ratings but revises outlook to negative Read More »

Posted Date: October 11, 2021 MARC has affirmed its ratings of MARC-1IS and A+IS on George Kent (Malaysia) Berhad’s (George Kent) RM100.0 million Islamic Commercial Papers Programme and RM500.0 million Islamic Medium-Term Notes Programme (collectively Sukuk Programmes), subject to a combined limit of RM500.0 million. The ratings outlook is stable. The rating affirmation mainly reflects …

MARC affirms ratings on George Kent’s debt papers Read More »