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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