P R E S S A N N O U N C E M E N T
FOR IMMEDIATE RELEASE
MARC WITHDRAWS RATINGS ON INVERFIN’S RM185 MILLION TRANCHE A NOTES AND RM15 MILLION TRANCHE B NOTES UNDER RM200 MILLION MTN PROGRAMME
MARC has withdrawn its ratings of AAA and AA on Inverfin Sdn Bhd’s RM185.0 million Tranche A Notes and RM15.0 million Tranche B Notes under its RM200.0 million Medium-Term Notes (MTN) Programme. The ratings withdrawal follows the full redemption of the outstanding first issuance of RM160.0 million Tranche A Notes upon its expected maturity on February 28, 2018. The redemption was met by proceeds from the second issuance of RM160.0 million under the MTN programme. There was no issuance for Tranche B notes.
Following the refinancing, MARC’s analytical coverage on the MTN programme is now limited to the outstanding RM160.0 million under the current RM185.0 million Tranche A notes. The notes are rated AAA with a stable outlook.
Contacts: Lim Chi Ching, +603-2717 2963/ chiching@marc.com.my; David Lee, +603-2717 2955/ david@marc.com.my.
[This announcement is available on MARC’s corporate homepage at 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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