MARC has withdrawn its MARC-1ID/AAAID ratings on Putrajaya Holdings Sdn Bhd’s (PJH) RM1.5 billion Murabahah Commercial Papers/Medium Term Notes Programme with immediate effect following the cancellation of the programme as confirmed by its facility agent, AmInvestment Bank Berhad. There was no outstanding amount at the time of cancellation.

MARC’s analytical coverage on PJH is now limited to the following rated debt issuances:

• RM570 million Bai Bithaman Ajil (BBA) Bonds Issuance Facility (due 2013) at AAAID
• RM850 million BBA Bonds Issuance Facility (due 2013) at AAAID
• RM850 million BBA Serial Bonds Issuance Facility (due 2015) at AAAID
• RM1.5 billion Murabahah Notes Issuance Facility (MUNIF) (due 2015) at AAAID
• RM2.2 billion Murabahah Medium Term Notes (MTN) Programme (due 2021) at AAAID 
• RM1.5 billion Sukuk Musyarakah MTN Programme (due 2033) at AAAIS

The rating outlook on these debt issuances is stable.

Contacts:
Thian Chow Di, +603-2082 2280/ chowdi@marc.com.my;
Nisha Fernandez, +603-2082 2269, nisha@marc.com.my.