MARC has withdrawn its AAAID ratings on Putrajaya Holdings Sdn Bhd’s (PJH) RM570 million Al-Bai Bithaman Ajil (BBA) Bonds and RM850 million BBA Bonds with immediate effect following the final redemption of the bonds as confirmed by its facility agent, RHB Investment Bank Berhad.

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

• 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
• RM3.0 billion Sukuk Musharakah Programme (due 2032) at AAAIS

The rating outlook on the debt issuances is stable.

Contacts:
Jasmine Kua, +603-2082 2280/ jasmine@marc.com.my;
Rajan Paramesran, +603-2082 2233, rajan@marc.com.my.