MARC has withdrawn its AID rating on Antara Steel Mill Sdn Bhd’s (Antara) BaIDS with immediate effect following the early redemption of all outstanding amounts as confirmed by the facility agent, AmInvestment Bank Berhad. With the full redemption of its BaIDS, MARC’s analytical coverage on Antara is limited to its RM300 million Guaranteed Islamic Securities (GIS) programme.

Contacts:
Ahmad Gazzara, +603- 2082 2259/ gazzara@marc.com.my;
Rajan Paramesran, +603-2082 2233/ rajan@marc.com.my.