Press Releases MARC ASSIGNS FINAL RATINGS OF AAA(bg) AND AAA(fg) TO PREMIER MERCHANDISE SDN BHD’S RM600 MILLION MTN PROGRAMME

Monday, Dec 17, 2012

MARC has assigned final ratings of AAA(bg) and AAA(fg) to Premier Merchandise Sdn Bhd’s (PMSB) issuance of up to RM300 million 7-year Medium-term Notes (MTN) Programme (Tranche 1) and RM300 million 9-year MTN Programme (Tranche 2) respectively. The outlook on the ratings is stable. The programmes are guaranteed irrevocably and unconditionally by Malayan Banking Berhad for Tranche 1 and Danajamin Nasional Berhad for Tranche 2. Both institutions are rated AAA/stable by MARC.

Upon review of the final documentation of the forthcoming notes issuance, MARC is satisfied that the terms and conditions of the programmes have not changed in any material way from the draft documents on which the earlier preliminary ratings of AAA(bg) and AAA(fg) were based.

Full details on the assigned ratings have been provided in PMSB’s preliminary rating announcement on December 4, 2012. The full Credit Analysis Report will be made available on MARC’s website, www.marc.com.my.

Contact:
Jasmine Kua, +603-2082 2280/
jasmine@marc.com.my.