Rating

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, […]

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

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

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

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

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

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

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

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

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