P R E S S A N N O U N C E M E N T
FOR IMMEDIATE RELEASE
MARC WITHDRAWS RATINGS ON BANK PEMBANGUNAN’S ISLAMIC/ CONVENTIONAL COMMERCIAL PAPERS PROGRAMME
MARC has withdrawn its MARC-1IS/MARC-1 ratings on Bank Pembangunan Malaysia Berhad’s Islamic/Conventional Commercial Papers (CP) programme of up to RM2.0 billion. The ratings carried a stable outlook. The ratings withdrawal follows the expiry of the CP programme on March 30, 2018.
MARC will however continue to provide its financial institution (FI) rating on Bank Pembangunan. The bank currently carries a FI rating of AAA/Stable.
April 11, 2018
[This announcement is available in MARC’s corporate homepage at http://www.marc.com.my]
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This communication is provided by Malaysian Rating Corporation Berhad (“MARC”) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.
© 2018 Malaysian Rating Corporation Berhad
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