MARC has removed its AAID long-term rating on MTD InfraPerdana Bhd’s (MTD InfraPerdana) RM700.0 million Islamic Medium Term Notes (IMTN) Programme from MARCWatch Developing and withdraws its rating with immediate effect. The rating withdrawal follows the early redemption of MTD InfraPerdana’s IMTN Programme on November 29, 2011 as confirmed by the facility agent. The rating was placed on MARCWatch Developing on August 22, 2011 following the company’s proposal to dispose of its concession assets and utilise the proceeds to redeem its outstanding debt. The divestment of the concession assets was recently completed.

Following the rating withdrawal, MARC would no longer be providing analytical coverage on MTD InfraPerdana.

Contacts:
Sandeep Bhattacharya, +603-2082 2247/ sandeep@marc.com.my;
Jason Kok, +603-2082 2258/ jason@marc.com.my.