Nov 7, 2012 -
MARC has withdrawn its A- rating
on Perdana Petroleum Bhd’s (PPB) RM400 million Nominal Value Secured Serial
Bonds (bonds) with immediate effect. The rating withdrawal follows the early
redemption of RM70 million of outstanding bonds on September 7, 2012 as
confirmed by the facility agent, United Overseas Bank (Malaysia) Berhad.
Upon the withdrawal of the
rating, MARC will no longer carry out rating surveillance on PPB’s debt
obligation.
Contacts:
Se Tho Mun Yi, +603-2082 2263/ munyi@marc.com.my;
Sharidan Salleh, +603-2082 2254
/ sharidan@marc.com.my.
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