MARC has withdrawn its ratings of AAA and AA on Inverfin Sdn Bhd’s RM185.0 million Tranche A Notes and RM15.0 million Tranche B Notes under its RM200.0 million Medium-Term Notes (MTN) Programme. The ratings withdrawal follows the full redemption of the outstanding first issuance of RM160.0 million Tranche A Notes upon its expected maturity on February 28, 2018. The redemption was met by proceeds from the second issuance of RM160.0 million under the MTN programme. There was no issuance for Tranche B notes.

Following the refinancing, MARC’s analytical coverage on the MTN programme is now limited to the outstanding RM160.0 million under the current RM185.0 million Tranche A notes. The notes are rated AAA with a stable outlook.

Contacts:
Lim Chi Ching, +603-2717 2963/ chiching@marc.com.my;
David Lee, +603-2717 2955/ david@marc.com.my.