MARC said in a statement the ratings were based on the company's well-diversified insurance book, stewardship, strong distribution channels in particular through the closely affiliated Public Bank group, relatively conservative investment policy, solid liquidity profile and adequate capitalisation.
It said these strengths, however, continued to be moderated by the unfavourable claims experienced in the motor business, average investment performance and high reinsurance usage.
Lonpac was ranked 10th in the country in terms of gross premiums and 16th in terms of net premiums with a market share of 2.7% and 2% respectively in 2002/2003.
It said the company was also seeking to enlarge its share of the growing general insurance market by improving its operational efficiency and service quality.
In financial year 2003, Lonpac enjoyed a 17.2% growth in gross premium income, outperforming the industry average of 8.5%. – Bernama
The short and long-term ratings of MARC2ID and A ID for Leader's proposed private debt securities reflected its position in the cables and wires manufacturing industry as well as the stable revenue arising from its power generation business in Cambodia.
However, moderating factors included the low margins of its cable and wire products, as well as the group's relatively high debt-leverage at present, the local rating agency said in a statement.
Leader leads the country's wire and cable industry, with revenue in excess of RM1bil every year. – Bernama
's 7-year commercial papers/medium-term notes programme of up to RM250mil, with a stable outlook. The ratings reflect KPJ Healthcare's position as the country's largest private hospital group, with 12 hospitals and a total of 1,395 licensed beds.
The group's ratings also reflected its geographical diversity and the favourable locations of its hospitals which offered potential for healthy organic growth, RAM said in a statement.
“We have also taken into consideration the group's sound position within the fragmented healthcare industry and its 23-year operating track record,” the rating agency said.
Healthy business fundamentals underscore KPJ Healthcare's strong cashflow and earnings aptitude.
KPJ group is also run by an experienced management team that is focused on improving its operations and overall financial performance. – Bernama
MARC said in a statement the ratings were based on the company's well-diversified insurance book, stewardship, strong distribution channels in particular through the closely affiliated Public Bank group, relatively conservative investment policy, solid liquidity profile and adequate capitalisation.
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