MARC has withdrawn its MARC-1/AA rating on Hong Leong Financial Group Berhad’s (HLFG) RM800 million commercial paper and medium-term notes (CP/MTN) programme with immediate effect. The rating withdrawal follows the full redemption of the issuance amounting to RM20 million on November 11, 2011 and concurrently the termination of the programme on January 14, 2012 as confirmed by the facility agent. With the full redemption of the RM800 million CP/MTN, MARC’s analytical coverage on HLFG is limited to its RM1.8 billion CP/MTN programme.

Contacts:
Lim Mei Ching, +603-2082 2267/ meiching@marc.com.my;
Milly Leong, +603-2082 2275/ milly@marc.com.my.