MARC has withdrawn its ratings on Dura Palms Sdn Bhd’s (Dura Palms) RM283.87 million Sukuk Ijarah with immediate effect, following the full redemption of the outstanding sukuk on June 28, 2013 amounting to RM108.0 million and cancellation of the facility as confirmed by the facility agent, Kenanga Investment Bank Berhad. The withdrawn sukuk ratings are as follows:

1. AAAIS rating on RM100.0 million Series A;
2. AAIS  rating on RM90.0 million Series B; and
3. AIS rating on RM10 million Series C.

Upon the withdrawal of the ratings, MARC will no longer provide analytical coverage on Dura Palms.

Contacts:
Koh Shu Yunn, +603-2082 2243/ shuyunn@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.