MARC has withdrawn its AAA/AAA_-IS ratings on The Export-Import Bank of Korea’s (KEXIM) RM3.0 billion conventional and/or Islamic Medium-Term Notes (MTN) programme. The ratings carried a stable outlook. The ratings withdrawal follows the final redemption of the outstanding notes of RM500.0 million and expiry of the programme on March 12, 2018 as confirmed by the facility agent.

Upon the withdrawal of the ratings, MARC’s analytical coverage on KEXIM is now limited to the bank’s RM1.0 billion conventional MTN programme, which carries a rating of AAA/Stable.

Contacts:
Lee Kar Xuan, +603-2717 2964/ karxuan@marc.com.my;
Sharidan Salleh, +603-2717 2954/ sharidan@marc.com.my.