MARC
has withdrawn its ratings of MARC-1ID/AAID on
DHTI Capital Sdn Bhd’s (DHTI Capital) RM110.0 million Islamic Commercial
Papers/Islamic Medium-Term Notes Facility (Senior Notes facility). The rating
withdrawal follows the full redemption and cancellation of the outstanding
RM5.0 million Senior Notes on May 29, 2015 as confirmed by the facility agent
on July 7, 2015.
MARC’s
analytical coverage on DHTI Capital is now limited to the RM10.0 million Junior
IMTN facility which expires on May 30, 2016. The Junior Notes facility is rated
A+ID with a negative outlook. MARC
is currently undertaking its annual review on DHTI Capital to resolve the
negative outlook. The outlook was premised on the company’s tight liquidity
position to meet repayment should the company make further drawdowns under the
facility. As at end-June 2015, the outstanding notes under the facility was
RM3.0 million.
Contacts:
Nicola Tan, +603-2082 2262/ nicola@marc.com.my; Yap Lai Ken, +603-2082 2247 / laiken@marc.com.my.
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