Tuesday, Aug 17, 2010
MARC has withdrawn Hytex Integrated Berhad’s (Hytex) ratings of MARC-4ID/B+ID for business reasons. MARC’s last rating action was on July 28, 2010 when the notes were downgraded from MARC-3ID/BBB-ID to MARC-4ID/B+ID.
As such, MARC will no longer provide analytical coverage on the MUNIF/IMTN facility which Hytex is currently restructuring.
Contacts:
Jason Kok, 03-2090 2258/ jason@marc.com.my;
Rajan Paramesran 03-2090 2233/ rajan@marc.com.my.