Rating

Posted Date: October 8, 2021 MARC has affirmed its AA-IS rating on Leader Energy Sdn Bhd’s outstanding ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Wakalah of RM255.0 million. The rating outlook is stable. Leader Energy is the investment holding company of two solar power project companies with solar power projects in Kuala Muda, Kedah. …

MARC affirms Leader Energy’s ASEAN Green Sri sukuk Wakalah rating at AA-_IS Read More »

Posted Date: October 7, 2021 MARC has affirmed its AAAIS rating on TTM Sukuk Berhad’s (TTM SPV) RM600.0 million Sukuk Murabahah, with a stable outlook. TTM SPV is the funding vehicle of Trans Thai-Malaysia (Thailand) Ltd (TTMT) for the construction of two additional gas pipelines to transport natural gas from the Malaysia-Thailand Joint Development Area …

MARC affirms AAA_IS rating on Trans Thailand-Malaysia Phase II’s Sukuk Murabahah Read More »

Posted Date: October 6, 2021 MARC has affirmed its investment manager rating (IMR) of IMR-2 on Kenanga Investors Berhad (KIB) and KIB’s wholly-owned subsidiary Kenanga Islamic Investors Berhad (KIIB). The IMR rating continues to factor KIB’s well-established investment processes and sound risk management practices. The IMR rating on KIIB mirrors KIB’s based on our assessment …

MARC affirms investment manager rating of IMR-2 on Kenanga Investors and Kenanga Islamic Investors Read More »

Posted Date: October 06, 2021 MARC views the acquisition of Danajamin Nasional Berhad (Danajamin) by Bank Pembangunan Malaysia Berhad (Bank Pembangunan) does not have immediate rating implications on both entities. The rating agency currently rates both entities at AAA with a stable outlook. Bank Pembangunan will acquire 50% of Danajamin’s shares from Credit Guarantee Corporation …

No rating impact on Bank Pembangunan and Danajamin from acquisition exercise Read More »

Posted Date: October 05, 2021 MARC has affirmed its rating of A+IS and MARC-1IS on TSH Sukuk Murabahah Sdn Bhd’s RM150 million Medium-Term Notes (IMTN) Programme and RM50 million Commercial Papers (ICP) Programme. Concurrently, the rating agency has affirmed its rating of A+IS on TSH Sukuk Ijarah Sdn Bhd’s RM300 million IMTN programme. The long-term …

MARC revises TSH’s ratings outlook to positive Read More »

Posted Date: October 5, 2021 MARC has affirmed its long-term and short-term financial institution (FI) ratings of A+ and MARC-1 with a stable outlook on Kenanga Investment Bank Berhad (Kenanga). Kenanga’s strong competitive position in the domestic stockbroking industry from which it has been able to generate moderate-to-strong income remains the key factor for the …

MARC affirms Kenanga Investment Bank’s FI ratings at A+/MARC-1 with stable outlook Read More »

Posted Date: October 5, 2021 MARC has affirmed its AA- rating on Central Impression Sdn Bhd’s (CISB) outstanding RM75 million Fixed Rate Serial Bonds. The rating outlook remains negative and is premised on our concern over the company’s liquidity position if an ongoing plan to clear its tax arrears of RM10 million is not realised. …

MARC affirms AA- rating on Central Impression’s existing Fixed Rate Serial Bonds Read More »

Posted Date: October 5, 2021 MARC has affirmed its AAAIS rating on Gas District Cooling (Putrajaya) Sdn Bhd’s (GDC Putrajaya) RM300 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) with a stable outlook. The current outstanding of RM50 million BaIDS is payable on December 2, 2022. The affirmed rating incorporates a three-notch uplift for parental …

MARC affirms AAA_IS rating on GDC Putrajaya’s RM300.0 million Islamic Debt Securities Read More »

Posted Date: September 30, 2021 MARC has affirmed its rating of A+IS on Sunsuria Berhad’s RM500.0 million Sukuk Wakalah Programme. The rating outlook is stable. The affirmed rating is primarily driven by Sunsuria’s healthy profit margin, net low leverage and strong liquidity position. These factors have placed the group in a better position relative to …

MARC affirms A+_IS rating on Sunsuria’s RM500.0 million Sukuk Wakalah Programme Read More »

Posted Date: September 27, 2021 MARC has affirmed its AAIS rating on BEWG (M) Sdn Bhd’s RM400.0 million Sukuk Wakalah with a stable outlook. Outstanding sukuk currently stands at RM190.0 million. The Sukuk Wakalah was raised to part fund the Kemaman water project for the Terengganu state government. The project was aimed at refurbishing and …

MARC affirms AAIS rating on BEWG’s RM400.0 million Sukuk Wakalah Read More »