MARC has withdrawn its MARC-1ID/AAAID ratings on MISC Berhad’s (MISC) RM1.0 billion Murabahah Commercial Papers/Medium Term Notes (Murabahah CP/MTN) programme. The withdrawal follows the expiry of the programme on December 27, 2013 as confirmed by the facility agent. There was no outstanding amount under the programme prior to its expiration.

MARC’s analytical coverage on MISC is now limited to the RM2.5 billion Islamic Medium Term Notes (IMTN) programme which is currently rated AAAID with a stable outlook. MARC is finalising the review on the IMTN programme.

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