MARC has withdrawn the MARC-1/AA- ratings assigned to IJM Corporation Berhad’s (IJM) RM300 million CP/MTN programme with immediate effect following the cancellation of the programme effective November 4, 2010, as confirmed by its facility agent, CIMB Investment Bank Berhad.

With the cancellation of the RM300 million CP/MTN programme, MARC’s rating coverage on IJM is now limited to the existing RM1.0 billion CP/MTN programme which is rated MARC-1/AA-/stable.

Contacts:
Janey Chock, +603-2082 2264/ janey@marc.com.my;
Rajan Paramesran, +603-2082 2233/ rajan@marc.com.my.