FW: MARC WITHDRAWS RATING ON KMCOB CAPITAL'S GUARANTEED SERIAL BONDS

 

 

 

P R E S S  A N N O U N C E M E N T

                       

FOR IMMEDIATE RELEASE

 

MARC WITHDRAWS RATING ON KMCOB CAPITAL’S GUARANTEED SERIAL BONDS

 

MARC has withdrawn its AAA_(fg) rating/stable outlook on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320.0 million. The rating withdrawal is at the request of the issuer after obtaining its bondholders’ consent for a change in rating agency.

 

MARC notes that KMCOB has proceeded to implement maturity extensions on the outstanding RM105.0 million under the rated bonds. With the withdrawal, MARC will no longer provide analytical coverage on the issuer.

 

 

Contacts: Joan Leong, +603-2717 2934/ joan@marc.com.my, Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.

 

December 13, 2017

 

[This announcement is available in the MARC 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.

 

© 2017 Malaysian Rating Corporation Berhad

 

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