MARC has withdrawn its ratings on the following debt facilities following the early redemption of the outstanding notes in full and cancellation of the facilities on July 14, 2010, as confirmed by the facility agent, Hong Leong Investment Bank Berhad:

1. Short-term/long-term ratings of MARC-1/AAA and MARC-1/AA on Mutual Streams Sdn Bhd’s RM125 million Class A and RM50 million Class B CPs/MTNs respectively under the RM650 million CP/MTN Programme; and
   
   
2. Long-term ratings of AAA, AA and A+ on Vast Winners Sdn Bhd’s RM190 million Class A, RM40 million Class B and RM20 million Class C MTNs respectively under the RM650 million MTN Programme.

The early redemption followed the CapitaMalls Asia Ltd’s exercise of its Property Call Option on the securitised retail malls and the subsequent divestments of these properties to the CapitaMalls Malaysia Trust on July 8, 2010.

Contacts:
Nadia Edmaz Abdul Hadi, 03-2090 2262/ nadia@marc.com.my;
Sandeep Bhattacharya, 03-2090 2247/ sandeep@marc.com.my