MARC has withdrawn its AA+ rating on ABS Samudera Receivables Berhad’s (ASRB) RM250.0 million Medium-Term Notes Programme (MTN Programme) with immediate effect. The rating withdrawal follows the early full redemption of the outstanding RM1.3 million notes Series-A on December 26, 2013 and subsequently the cancellation of the facility as confirmed by the trustee, Pacific Trustee Berhad.

Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on ASRB.

Contacts:
Ng Chun Kean, +603-2082 2230/ chunkean@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.