Wednesday, Oct 04, 2017
MARC has withdrawn its MARC-1IS/AAAIS ratings on Sime Darby Berhad’s (Sime Darby) Islamic Commercial Papers/Islamic Medium-Term Notes (ICP/IMTN) Programme with a combined limit of RM4.5 billion. The ratings carried a negative outlook. There were no outstanding issuances under the programme.
The ratings withdrawal follows confirmation from the facility arranger, Maybank Investment Bank Berhad, that the terms of the ICP/IMTN programme have been amended for the programme to be unrated, concurrent with Sime Darby’s novation of the programme to related company Sime Darby Property Berhad on September 29, 2017.
Contacts:
Saifuruddin Othman, +603-2717 2945/ saifuruddin@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my.