Published on 05 November 2012
Following confirmation that
Hubline Berhad (“Hubline”) had fully redeemed its outstanding RM45 million
Murabahah Commercial Papers under its RM150 million Murabahah Commercial
Papers/Medium-Term Notes Programme (2005/2012) (“MCP/MMTN”) on 25 October 2012,
and the subsequent cancellation of the facility on the same date, RAM Ratings
has withdrawn the BBB1/Negative/P2 ratings of the MCP/MMTN and no longer has
any rating obligation in respect of the said facility.
We will, however, maintain
surveillance on the outstanding RM30 million Bai’ Bithaman Ajil Islamic Bonds
under Hubline’s RM70 million Bai’ Bithaman Ajil Islamic Bonds (2005/2012)
(“BaIDS”) facility, currently rated BBB1 with a negative outlook.
Media contact
Woon Tien Ern
(603) 7628 1040
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.