MARC has withdrawn the A+ID rating assigned to Sunrise Berhad’s (Sunrise) RM100.0 million Bai’ Bithaman Ajil Notes Issuance Facility (BBA) with immediate effect following the full redemption of the BBA.

With the redemption of the BBA, MARC’s rating obligations are now limited to Sunrise’s RM70.0 million Murabahah Notes Issuance Facility/Islamic Medium Term Notes (MUNIF/IMTN) and RM400.0 million IMTN currently outstanding, which carry ratings of MARC-1ID / A+ID and A+ID respectively.