MARC has placed Persoft Systems Sdn Bhd’s (Persoft) RM50.0 million Commercial Paper Programme’s rating of MARC-2 on MARCWatch Negative. The rating action reflects Persoft’s non-compliance of the required Debt Service Cover Ratio of 1.25 times based on its accounts for the financial year ended December 31, 2007. 

MARC is commencing Persoft’s annual review and will assess the impact of the above development on the current rating. Any rating implications arising therefrom will be advised in due course.

Contacts:

Azlina Mohamed Noor Beg, 03-2090 2254/ azlina@marc.com.my;
Chia Suil Fun, 03-2090 2253/ sfchia@marc.com.my