MARC has withdrawn its rating of MARC-2ID on Prinsiptek Corporation Berhad’s (Prinsiptek) RM30.0 million Nominal Value Murabahah Commercial Papers Programme (MCP) with immediate effect. The rating withdrawal follows the full redemption of the issuance amounting to RM21.0 million under the rated facility on August 8, 2011 and concurrently the termination of the programme as confirmed by the facility agent OSK Investment Bank Berhad. MARC will accordingly cease to provide analytical coverage on Prinsiptek.

Contacts:
Taufiq Kamal, +603 2082 2251/ taufiq@marc.com.my;
Rajan Paramesran, +603 2082 2233/ rajan@marc.com.my.