MARC has withdrawn its rating of MARC-1(bg) and AAA(bg) on Bluwater Developments Berhad’s RM47 million bank guaranteed commercial papers and RM 130 million bank guaranteed serial bonds respectively. The rating withdrawal follows the final redemption of its outstanding amount and cancellation of the facility on June 25, 2010, as confirmed by its lead arranger, Maybank Investment Bank Berhad.

Contacts:
Nisha Fernandez, 03-2090 2269/ nisha@marc.com.my;
Rajan Paramesran, 03-2090 2233/ rajan@marc.com.my