MARC has withdrawn its AAA_ID(S) rating on Kuching Port Authority’s RM180 million Al-Bai’ Bithaman Ajil Islamic Debt Securities (BaIDS). The rating withdrawal follows the full redemption and subsequent cancellation of the BaIDS on December 23, 2015 as confirmed by the facility agent.

Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on the issuer.

Contacts:
Jasmine Kua, +603-2082 2280/jasmine@marc.com.my;
David Lee, +603-2082 2255/ david@marc.com.my.