MARC downgrades YNH's sukuk to BBIS, with negative outlook

The downgrade was made as MARC removed the programme from its negative watch, in which it has been placed since Jan 18 due to YNH's weak financial position, delayed asset disposals and material issues concerning its key shareholder that have compounded the challenges that the group faces to address its weakening credit profile, MARC said in a statement.

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Avaland sets up RM1b sukuk programme

It said the programme has been assigned a long-term credit rating of AA3 with a stable outlook by RAM Rating Services Bhd, on the back of the group's "earnings visibility backed by its unbilled sales of RM852 million as at March 31".

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DONE DEAL: Terrace house, Bukit Jelutong, Selangor

DONE DEAL: Condo, Verticas Residensi, Bukit Ceylon, Kuala Lumpur DONE DEAL: Terraced house, Taman Desa Melati, Seremban, Negeri Sembilan Bordered by one of Shah Alam’s largest green lungs, average transaction prices for landed residential properties in Bukit Jelutong, Shah Alam, have strangely seen a 13.

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