Press Releases MARC WITHDRAWS RATING ON WCT HOLDINGS BERHAD’S RM600.0 MILLION 5-YEAR FIXED RATE SERIAL BONDS

Wednesday, Dec 30, 2015

MARC has withdrawn its rating of AA- on WCT Holdings Berhad’s (WCT Holdings) RM600.0 million Fixed Rate Serial Bonds. The rating withdrawal follows the full redemption of the outstanding RM300.0 million bonds on December 28, 2015 and cancellation of the bond facility as confirmed by the facility agent.

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

  • RM1.0 billion 15-year MTN Programme rated AA-; and
  • RM1.5 billion 15-year Sukuk Murabahah Programme rated AA-IS.

The outlook on the above ratings is negative.


Contacts:
Ngiam Tee Wei, +603-2082 2268/ teewei@marc.com.my;
Yap Lai Ken, +603-2082 2247 / laiken@marc.com.my