Apr 11, 2014 -
MARC has withdrawn its AA+
rating on ABS Samudera Receivables Berhad’s (ASRB) RM250.0 million Medium Term
Notes Programme (MTN Programme) with immediate effect. The rating withdrawal
follows the early full redemption of the outstanding RM1.3 million notes Series-A
on December 26, 2013 and subsequently the cancellation of the facility as
confirmed by the trustee, Pacific Trustee Berhad.
Upon the withdrawal of the
rating, MARC will no longer be providing analytical coverage on ASRB.
Contacts:
Ng Chun Kean, +603-2082 2230/ chunkean@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.
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