MARC has withdrawn its MARC-2ID/A+ID ratings on Capable Aspect Sdn Bhd’s (CASB) RM40 million Murabahah Underwritten Notes Issuance Facility/Islamic Medium Term Notes Issuance Facility (MUNIF/IMTN) with immediate effect at the request of the issuer.

CASB issued a circular resolution to its sole noteholder on April 26, 2010 to seek a waiver of the requirement to maintain a rating on the notes. The sole noteholder, MIDF Amanah Investment Bank Berhad, has approved and consented to the resolution for the waiver of the rating requirement for the facility.

Upon the withdrawal of the ratings, MARC no longer has any rating surveillance obligation on the facility. 

Contacts:
Benjamin Yab 03-2090 2270/ benjaminyab@marc.com.my;
Rajan Paramesran, 03-2090 2233/ rajan@marc.com.my