P R E S S A N N O U N C E M E N T
FOR IMMEDIATE RELEASE
MARC WITHDRAWS RATINGS ON KEXIM’S MULTI-CURRENCY CONVENTIONAL AND/ OR ISLAMIC MTN PROGRAMME
MARC has withdrawn its AAA/AAAIS ratings on The Export-Import Bank of Korea’s (KEXIM) RM3.0 billion conventional and/or Islamic Medium-Term Notes (MTN) programme. The ratings carried a stable outlook. The ratings withdrawal follows the final redemption of the outstanding notes of RM500.0 million and expiry of the programme on March 12, 2018 as confirmed by the facility agent.
Upon the withdrawal of the ratings, MARC’s analytical coverage on KEXIM is now limited to the bank’s RM1.0 billion conventional MTN programme, which carries a rating of AAA/Stable.
March 16, 2018
[This announcement is available in MARC’s corporate homepage at http://www.marc.com.my]
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This communication is provided by Malaysian Rating Corporation Berhad (“MARC”) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.
© 2018 Malaysian Rating Corporation Berhad
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