Press Releases MARC REAFFIRMS BUMI ARMADA NAVIGATION SDN BHD’S RM80 MILLION MURABAHAH NOTES ISSUANCE FACILITY (MUNIF)/ ISLAMIC MEDIUM-TERM NOTES (IMTN) (2000/2005)

Monday, Jul 14, 2003

MARC has reaffirmed Bumi Armada Navigation Sdn Bhd’s (“BAN”) MARC-1/AA-ID rating assigned to its RM80 million Murabahah Notes Issuance Facility (MUNIF) / Islamic Medium-Term Notes (IMTN) (2000/2005). The affirmation is supported by the company’s good competitive position in the area of providing marine transportation, tanker operations and support services for the offshore oil and gas industry.