MARC has withdrawn its AAAID rating on Putrajaya Holdings Sdn Bhd’s (PJH) RM850 million BBA Bonds with immediate effect. The rating withdrawal follows the early redemption of RM100 million of outstanding bonds on July 31, 2013 as confirmed by the facility agent, RHB Investment Bank Berhad.

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

• RM1.5 billion Murabahah Notes Issuance Facility (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 Musyarakah 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.