MARC has withdrawn the MARC-1ID/AAAID ratings assigned to Sime Darby Berhad’s (Sime Darby) RM1,500 million Al-Murabahah CP/MTN Programme with immediate effect following the full redemption and cancellation of the programme as confirmed by the facility agent, CIMB Investment Bank Berhad.

With the redemption of the Al-Murabahah CP/MTN Programme, MARC’s rating coverage on Sime Darby is now limited to its existing RM4,500 million IMTN Programme, RM500 million ICP/IMTN Programme and RM150 million Murabahah CP, which carry ratings of AAAID, MARC-1ID / AAAID  and MARC-1ID respectively, with a stable outlook.

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