MARC Withdraws Ratings on Sime Darby's Rm4.5 Billion ICP/IMTN Programme

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1. IB ​ ​Press​ ​Release​ ​Service Published​ ​on:​​ ​IslamicBanker.com​ ​Publications:​ ​https://www.islamicmarkets.com/publications MARC​ ​Withdraws​ ​Ratings​ ​on​ ​Sime​ ​Darby's Rm4.5​ ​Billion​ ​ICP/IMTN​ ​Programme 26​ ​September​ ​2017 MARC​ ​has​ ​withdrawn​ ​its​ ​MARC-1IS/AAAIS​ ​ratings​ ​on​ ​Sime​ ​Darby​ ​Berhad's​ ​(Sime​ ​Darby) Islamic​ ​Commercial​ ​Papers/Islamic​ ​Medium-Term​ ​Notes​ ​(ICP/IMTN)​ ​Programme​ ​with​ ​a combined​ ​limit​ ​of​ ​RM4.5​ ​billion.​ ​The​ ​ratings​ ​carried​ ​a​ ​negative​ ​outlook.​ ​There​ ​were​ ​no outstanding​ ​issuances​ ​under​ ​the​ ​programme. The​ ​ratings​ ​withdrawal​ ​follows​ ​confirmation​ ​from​ ​the​ ​facility​ ​arranger,​ ​Maybank​ ​Investment​ ​Bank Berhad,​ ​that​ ​the​ ​terms​ ​of​ ​the​ ​ICP/IMTN​ ​programme​ ​have​ ​been​ ​amended​ ​for​ ​the​ ​programme​ ​to be​ ​unrated,​ ​concurrent​ ​with​ ​Sime​ ​Darby's​ ​novation​ ​of​ ​the​ ​programme​ ​to​ ​related​ ​company​ ​Sime Darby​ ​Property​ ​Berhad​ ​on​ ​September​ ​29,​ ​2017. Organisation​ ​Name: News​ ​Type: Malaysian​ ​Rating​ ​Corporation​ ​Berhad​ ​(MARC) RATING​ ​ANNOUNCEMENT Source: BNM​ ​Announcements Media​ ​Contact Saifuruddin​ ​Othman,​ ​+603-2717​ ​2945/​ ​saifuruddin@marc.com.my; Taufiq​ ​Kamal,​ ​+603-2717​ ​2951/​ ​taufiq@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.