MARC has withdrawn the MARC-1ID(bg)/AA-ID(bg) ratings assigned to Mulpha International Berhad’s (Mulpha) RM75 million Bank Guaranteed MUNIF with immediate effect following the cancellation of the programme as confirmed by the facility agent, AmInvestment Bank Berhad. There were no notes outstanding under the facility prior to cancellation.

With the cancellation of the Bank Guaranteed MUNIF, MARC’s rating coverage on Mulpha is now limited to its existing RM25 million Murabahah Commercial Papers/Medium Term Notes (CP/MTN) facility, which carry the ratings of MARC-1ID/AID/Stable.

Contacts:
Benjamin Yab, +603- 2082 2270/ benjaminyab@marc.com.my;
Rajan Paramesran, +603-2082 2233/ rajan@marc.com.my.