MARC has withdrawn its AA-_IS rating on Jimah East Power Sdn Bhd’s (JEP) Sukuk Murabahah Programme (Sukuk) of up to RM8.4 billion with immediate effect. The rating had been suspended since March 6, 2015 pending information from the project sponsors in relation to the project timeline. As the grace period for providing the information has ended, MARC has withdrawn the rating and will no longer be providing analytical coverage on the issuer.

Contacts:
Koh Shu Yunn, +603-2082 2243/ shuyunn@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.