MARC has withdrawn its AA-ID  and  AID ratings on Alpha Circle Sdn Bhd’s (Alpha Circle) RM345.0 million Senior Musharakah Medium Term Notes (MMTN) and RM35.0 million Junior MMTNs respectively with immediate effect. The rating withdrawals follow the early redemption of the outstanding RM315.0 million Senior MMTNs and RM35.0 million Junior MMTNs on November 19, 2013 as confirmed by the facility agent, Bank Muamalat Malaysia Berhad.

MARC’s analytical coverage on Alpha Circle is now limited to the outstanding RM595.0 million Sukuk Musharakah Programme comprising RM540.0 million Senior Sukuk Musharakah and RM55.0 million Junior Sukuk Musharakah currently rated AA-IS and AIS  respectively. The outlook on the ratings is stable.

Contacts:
Jasmine Kua, +603-2082 2280/ jasmine@marc.com.my;
Taufiq Kamal, +603-2082 2251/ taufiq@marc.com.my.