MARC announced today that it has withdrawn the rating on Puncak Niaga (M) Sdn Bhd’s RM800 million Revolving Underwritten Facility following the full redemption of all notes outstanding under the Facility on 27 November 2000.

Puncak Niaga’s remaining private debt security facilities which are presently outstanding, namely its RM1.02 billion Al-Bai Bithaman Aijil (ABBA) serial bonds and its RM350 million Murabahah Commercial Papers/Medium Term Notes programme, carry ratings of AAID and MARC-1ID/AAID by MARC respectively.