MARC has withdrawn its ratings of MARC-1ID/AAID on Tele-Flow Capital Sdn Bhd’s (Tele-Flow Capital) RM90 million Murabahah Underwritten Notes Issuance (MUNIF)/Islamic Medium Term Notes (IMTN) (collectively referred to as Senior Notes). This follows the full redemption of the RM10 million Senior Notes outstanding on April 19, 2013 and the cancellation of the facility effective May 27, 2013 as confirmed by the facility agent on June 10, 2013.

MARC’s analytical coverage on Tele-Flow Capital is therefore limited to the RM10 million Junior IMTN Notes facility with current rating of AA-ID/stable, on which MARC is currently undertaking its annual review.

Contacts:
Sharidan Salleh +603-2082 2254/ sharidan@marc.com.my;
Se Tho Mun Yi +603-2082 2263 / munyi@marc.com.my.