MARC Withdraws Ratings on Sime Darby's Rm4.5 Billion ICP/IMTN Programme
MARC Withdraws Ratings on Sime Darby's Rm4.5 Billion ICP/IMTN Programme
Islam, Mal
Islam, Mal
Transcription
- 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MARC Withdraws Ratings on Sime Darby's Rm4.5 Billion ICP/IMTN Programme 26 September 2017 MARC has withdrawn its MARC-1IS/AAAIS ratings on Sime Darby Berhad's (Sime Darby) Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) Programme with a combined limit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.
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