Tuesday, Jul 03, 2018
MARC has withdrawn its AAAIS(fg)/Stable rating on Antara Steel Mills Sdn Bhd’s RM300.0 million Danajamin-guaranteed Sukuk Mudharabah programme. The rating withdrawal follows the final redemption of the outstanding amount of RM60.0 million upon the expiry of the programme on June 28, 2018, as confirmed by the facility agent.
Upon the withdrawal, MARC will no longer provide analytical coverage on the issuer.
Contacts:
Wan Abdul Muiz Wan Abdul Ghafar, +603-2717 2939/ muiz@marc.com.my;
Yap Lai Ken, +603-2717 2947/ laiken@marc.com.my.