MARC has withdrawn its AA-_(cg) and AA-_IS(cg) ratings with a negative outlook on Tesco Stores (Malaysia) Sdn Bhd’s (Tesco Malaysia) RM3.5 billion Conventional and Islamic Medium-Term Notes Programmes respectively. There are currently no outstanding issuances under the rated programmes, which are currently in the process of being cancelled by the issuer.

MARC’s ratings withdrawal is at the request of Tesco Malaysia. Upon the withdrawal of the ratings, MARC will no longer be providing analytical coverage on the issuer.

Contacts:
Wan Abdul Muiz Wan Abdul Ghafar, +603-2082 2260/ muiz@marc.com.my;
Yap Lai Ken, +603-2082 2247/ laiken@marc.com.my.