Monday, Aug 15, 2016
MARC has withdrawn its AAAID(bg) rating on Horizon Hills Development Sdn Bhd’s Islamic Bank-Guaranteed Medium-Term Notes (IMTN) Programme of up to RM200 million. The rating withdrawal follows the final redemption of RM30 million IMTN on August 12, 2016 and the expiration of the IMTN Programme on August 15, 2016, as confirmed by the facility agent.
Upon the withdrawal of the rating, MARC will no longer be providing analytical coverage on the issuer.
Contacts:
Cheah Wan Kin, 03-2082 2232/ wankin@marc.com.my;
Taufiq Kamal, 03-2082 2251/ taufiq@marc.com.my.