MARC has withdrawn its ratings of MARC-1ID/AA-ID on WCT Holdings Berhad’s (WCT Holdings) RM100.0 million Islamic Commercial Paper/Medium-Term Notes (ICP/IMTN) Programme. The ratings withdrawal follows the cancellation of the facility on May 7, 2014 as confirmed by the facility agent.

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

• RM300.0 million 7-year ICP/IMTN at MARC-1ID /AA-ID;
• RM600.0 million 5-year Fixed Rate Serial Bonds at AA-; and
• RM1.0 billion 15-year MTN Programme at AA-.

The outlook on the above ratings remain stable.

Contacts:
Jasmine Kua, +603-2082 2280/ jasmine@marc.com.my;
Yap Lai Ken, +603-2082 2247/ laiken@marc.com.my.