MARC has withdrawn its ratings of MARC-1ID(bg)/AAAID(bg) and MARC-1ID on Tradewinds Plantation Capital Sdn Bhd’s RM100.0 million Bank-Guaranteed Murabahah Commercial Papers/Medium-Term Notes (CP/MTN) Programme and RM90.0 million Murabahah Commercial Papers (CP) Programme respectively. The ratings withdrawal follows the full redemption and subsequent cancellation of the programmes on March 18, 2015 as confirmed by the facility agent.

MARC’s analytical coverage on Tradewinds Plantation Capital is now limited to the outstanding RM30.0 million Class A and RM30.0 million Class B asset-backed Sukuk Ijarah which are currently rated AAAIS and AA+IS respectively. The outlook on the Sukuk Ijarah ratings is stable.

Contacts:
Noor Izyani Saad, +603-2082 2256/ izyani@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.