Press Releases MARC WITHDRAWS RATINGS ON DEGEM BERHAD’S RM50 MILLION ISLAMIC FACILITY

Tuesday, Feb 17, 2009

MARC has withdrawn the MARC-1ID/AID  ratings assigned to Degem Berhad’s RM50 Million Murabahah Underwritten Notes Issuance Facility / Islamic Medium Term Notes with immediate effect following confirmation by the facility agent, MIDF Amanah Investment Bank Berhad, of an early cancellation of the facility on February 11, 2009, ahead of its original maturity date on June 10, 2011.
 
Contacts:
Khairul Muzamel Perera 03-2090 2247/
kevinkhairul@marc.com.my
Ruben Khoo 03-2090 2265/
rubenkhoo@marc.com.my;