MARC has assigned the ratings of AAAID and MARC-1ID/AAAID to Sime Darby Berhad’s (Sime Darby) new Islamic debt programmes comprising RM4.5 billion Islamic Medium Term Notes (IMTN) and RM500 million Islamic Commercial Papers/Islamic Medium Term Notes (ICP/IMTN) respectively with a combined limit of RM4.5 billion. The outlook on the ratings is stable.

Additionally, MARC has affirmed its MARC -1ID/AAAID and MARC-1ID ratings on the existing RM1.5 billion Murabahah Commercial Paper/Medium Term Notes programme (CP/MTN) and RM150 million Murabahah CP programme respectively. The stable outlook on the ratings is maintained.  Full details on the assigned and affirmed ratings have been provided in Sime Darby’s preliminary ratings announcement dated September 30, 2009.

Contacts:
Rajan Paramesran, 03-2090 2233/ rajan@marc.com.my;
Elea Nor Zainal, 03-2090 2263/ elea@marc.com.my