MARC has withdrawn its rating of AA- on Sports Toto Malaysia Sdn Bhd’s (Sports Toto) RM800.0 million 10-year Medium-Term Notes (MTN) Programme. The rating withdrawal follows the early cancellation of the programme, ahead of its expiration on June 30, 2020, as confirmed by the facility agent on July 8, 2019. 

The outstanding notes under the 10-year MTN Programme was redeemed from the proceeds of Sports Toto’s recent RM800.0 million 15-year MTN Programme that was established in 2017, for which MARC will continue to provide analytical coverage. This 15-year MTN programme carries a rating of AA- with a stable outlook. 

Contacts:

Sim Jun Da, +603-2717 2948/ simjunda@marc.com.my; 

Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my