MARC REMOVES MAXTRAL INDUSTRY BERHAD’S BaIDS RATING FROM MARCWATCH NEGATIVE; WITHDRAWS RATING

Mar 30, 2012 - MARC has removed its BBID rating on Maxtral Industry Berhad’s (Maxtral) RM80.0 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS) from MARCWatch Negative and has withdrawn the rating with immediate effect following the full redemption of the outstanding notes as confirmed by the facility agent, OSK Investment Bank Berhad. MARC’s rating coverage on Maxtral is now only limited to its MARC-4ID/BBID rated RM10.0 million outstanding Murabahah Underwritten Notes Issuance/Murabahah Medium Term Notes (MUNIF/IMTN) programme, which remains on MARCWatch Negative. MARC will continue to monitor the progress of Maxtral’s refinancing of the outstanding notes, which are due for repayment on April 18, 2012. Contacts: Goh Shu Yuan, +603-2082 2269/ shuyuan@marc.com.my; Francis Xaviour Joe, +603-2082 2279/ fxjoe@marc.com.my.