Oct 18, 2012 -
MARC has withdrawn its ratings
of AAAID(S) on the respective Al-Bai’ Bithaman Ajil Islamic Debt Securities
(BaIDS) issuances of PETRONAS Chemicals Glycols Sdn Bhd (formerly known as
Optimal Glycols (Malaysia) Sdn Bhd) and PETRONAS Chemicals Derivatives Sdn Bhd
(formerly known as Optimal Chemicals (Malaysia) Sdn Bhd) with immediate effect
following the early redemption of their outstanding BaIDS by both issuers and
cancellation of both facilities on September 28, 2012 as confirmed by the
facility agent, Maybank Investment Bank Berhad.
Upon the withdrawal of the
ratings, MARC will no longer carry out rating surveillance on both issuances.
Contacts:
David Lee, +603-2082 2255/ david@marc.com.my ;
Jason Kok, +603-2082 2258/ jason@marc.com.my .
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