Wednesday, Nov 07, 2012
MARC has withdrawn its A- rating on Perdana Petroleum Bhd’s (PPB) RM400 million Nominal Value Secured Serial Bonds (bonds) with immediate effect. The rating withdrawal follows the early redemption of RM70 million of outstanding bonds on September 7, 2012 as confirmed by the facility agent, United Overseas Bank (Malaysia) Berhad.
Upon the withdrawal of the rating, MARC will no longer carry out rating surveillance on PPB’s debt obligation.
Contacts:
Se Tho Mun Yi, +603-2082 2263/ munyi@marc.com.my;
Sharidan Salleh, +603-2082 2254 / sharidan@marc.com.my.