MARC has withdrawn its ratings of AAA_(bg) and AAA_(fg) on Premier Merchandise Sdn Bhd’s RM300.0 million bank-guaranteed Medium-Term Notes (MTN) Programme and RM300.0 million Danajamin-guaranteed MTN Programme.

The outstanding amount of RM100.0 million under the Danajamin-guaranteed Programme and RM75.0 million under the bank-guaranteed MTN Programme were fully redeemed on July 11, 2018 and August 13, 2018. The ratings withdrawal follows the subsequent cancellation of both programmes on August 15, 2018.

Upon the withdrawal, MARC will no longer provide analytical coverage on Premier Merchandise.

Contacts:
Sim Jun Da, +603-2717 2948/ simjunda@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my