MARC has withdrawn its BB rating on Bintang Bulk Mover Sdn Bhd’s RM50 Million Bonds with immediate effect, upon completion of the restructuring of the bonds as confirmed by its facility agent, KAF Investment Bank Berhad. The bonds have now been converted into non-transferable/non-tradable bonds and no longer require a rating.

Contacts:
Hafizan Haron 03-2090 2238/ hafizan@marc.com.my;
Lee Mei Lin 03-2090 2259/ meilin@marc.com.my;
Eric Chua 03-2090 2245/ cheekiong@marc.com.my