Press Releases MARC WITHDRAWS ITS RATING ON PRESS METAL BERHAD’S RCSLS

Friday, Mar 20, 2015

MARC has withdrawn its BBB rating on Press Metal Berhad’s outstanding 2011/2019 Redeemable Convertible Secured Loan Stocks (RCSLS). Press Metal had issued RM320.5 million RCSLS in 2011 and as at February 12, 2015, the outstanding amount stood at RM2.2 million.

The rating withdrawal follows the early redemption of the outstanding amount and cancellation of the same on March 18, 2015.  Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on the issuer.

Contact:
Ngiam Tee Wei, +603-2082 2268/
teewei@marc.com.my.