23.10.2012 - MARC affirms ratings on Synergy's MYR 380 mln Islamic Medium Term Notes
The outlook on the rating is stable. The affirmed rating and outlook reflect an unconditional and irrevocable guarantee provided by Danajamin Nasional Berhad (Danajamin) on the Sukuk obligations. MARC's current AAA/stable rating for Danajamin is based on its strong capital base, ample liquidity and its status as a government-sponsored financial guarantee insurer. Senari Synergy is an investment holding company with eight operating subsidiaries involved in the operation of oil terminals, port facilities and palm oil refineries, and property development. Senari Synergy's operations are concentrated in two complexes, Assar Senari Industrial Complex I (ASIC I) in Kuching, Sarawak, and Assar Senari Industrial Complex II (ASIC II) in Tanjung Manis, Sarawak...............................................Full Article: Source
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