Friday, July 20, 2012
RAM Ratings withdraws ratings on CCM
Published on 20 July 2012
RAM Ratings has received confirmation that Chemical Company of Malaysia Berhad (CCM) has cancelled its RM500 million Musharakah Commercial Papers/Medium-Term Notes Programme (2008/2023) (MCP/MMTN) on 18 July 2012. As such, RAM Ratings no longer has any rating obligation on the debt instrument, which had been rated AA3/P1, with a negative outlook on the long-term rating. CCM had fully redeemed all outstanding Notes under the MCP/MMTN on 29 November 2011.
Media contact
Low Su Lin
(603) 7628 1071
sulin@ram.com.my
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