FW: MARC WITHDRAWS RATINGS ON PREMIER MERCHANDISE’S RM600.0 MILLION MTN PROGRAMME

 

 

 

P R E S S  A N N O U N C E M E N T

 

FOR IMMEDIATE RELEASE

 

MARC WITHDRAWS RATINGs ON PREMIER MERCHANDISE's RM600.0 Million MTN PROGRAMME

 

MARC has withdrawn its ratings of AAA_(bg) and AAA_(fg)  on Premier Merchandise Sdn Bhd's RM300.0 million bank-guaranteed Medium-Term Notes (MTN) Programme and RM300.0 million Danajamin-guaranteed MTN Programme.

 

The outstanding amount of RM100.0 million under the Danajamin-guaranteed Programme and RM75.0 million under the bank-guaranteed MTN Programme were fully redeemed on July 11, 2018 and August 13, 2018. The ratings withdrawal follows the subsequent cancellation of both programmes on August 15, 2018.

 

Upon the withdrawal, MARC will no longer provide analytical coverage on Premier Merchandise.

 

Contacts: Sim Jun Da, +603-2717 2948/ simjunda@marc.com.my; Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my

 

August 28, 2018

 

 

 

 [This announcement is available in MARC's corporate homepage at http://www.marc.com.my]

--- DISCLAIMER ---

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 its 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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