MARC
has withdrawn its AAAID(bg) rating on Horizon Hills Development Sdn Bhd’s
Islamic Bank-Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200
million. The rating withdrawal follows the final redemption of RM30 million
IMTN on August 12, 2016 and the expiration of the IMTN Programme on August 15,
2016, as confirmed by the facility agent.
Upon
the withdrawal of the rating, MARC will no longer be providing analytical
coverage on the issuer.
Contacts: Cheah Wan Kin, 03-2082 2232/ wankin@marc.com.my; Taufiq Kamal, 03-2082
2251/ taufiq@marc.com.my.
August 15,
2016
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