MARC has received confirmation from Faber Group Bhd that its outstanding Redeemable Convertible Zero Coupon Secured Bonds (RCSB) amounting to RM929.46 million had been novated to a Special Purpose Vehicle, Jeram Bintang Sdn Bhd (JBSB). JBSB had on the same day, cancelled the RCSB. As such, MARC no longer has any rating obligation on the RCSB and the rating is hereby withdrawn.