MARC has withdrawn its AAA_(fg) rating/stable outlook on KMCOB Capital Berhad’s (KMCOB) guaranteed serial bonds of up to RM320.0 million. The rating withdrawal is at the request of the issuer after obtaining its bondholders’ consent for a change in rating agency.

MARC notes that KMCOB has proceeded to implement maturity extensions on the outstanding RM105.0 million under the rated bonds. With the withdrawal, MARC will no longer provide analytical coverage on the issuer.

Contacts:
Joan Leong, +603-2717 2934/ joan@marc.com.my,
Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.