MARC has withdrawn its ratings of A and BBB on RCE Advance Sdn Bhd’s (RCEA) RM420 million Fixed Rate Medium-Term Notes (MTN) Programme comprising RM120 million Class B, and RM60 million Class C notes. The outlook on the ratings was stable.

The withdrawal follows the redemption of all outstanding amounts under the MTN Programme on March 3, 2017. Upon the withdrawal of the ratings, MARC will cease all analytical coverage on RCEA.