MARC has issued an errata notice pertaining to its January 2011 rating announcement and Credit Analysis Report on Symphony House Berhad's (Symphony) RM100.0 million Islamic Commercial Papers/Medium Term Notes Programme.

The rating agency said that an error occurred during the making of its press release on its January 2011 rating action and the publication of the corresponding Credit Analysis Report. The last sentence of the second last paragraph of the rating announcement should have read as follows:

"As of September 30, 2010, Symphony's designated accounts are funded at RM0.036 million relative to outstanding notes of RM35.0 million under the rated programme."

The same error was made on Page 2 of MARC's January 2011 Credit Analysis Report which carries an identical rationale on the rating action taken.

Contacts: 
Ruben Khoo, +603-2082 2265 / rubenkhoo@marc.com.my;
Sandeep Bhattacharya, +603-2082 2247/ sandeep@marc.com.my.