MARC has withdrawn its rating of AAAID on Putrajaya Holdings Sdn Bhd’s (PJH) RM1.5 billion Murabahah Notes Issuance Facility (MUNIF). The rating withdrawal follows the cancellation of the facility on June 26, 2014 as confirmed by the facility agent.

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

• RM3.0 billion Sukuk Musharakah Programme at AAAIS;
• RM1.5 billion Sukuk Musharakah Medium-Term Notes (MTN) Programme at AAAIS; and
• RM2.2 billion Murabahah Medium-Term Notes (MMTN) Programme at AAAID.

The outlook on the ratings above remains stable.

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