Wednesday, Oct 23, 2024
MARC Ratings has assigned a final rating of MARC-1 to Merchantrade Asia Sdn Bhd’s (Merchantrade) Multi-Currency Commercial Papers Programme of up to RM200 million in nominal value. The rating is confined to the ringgit-denominated issuance under the programme.
The rating agency has reviewed the final documentation for the programme and is satisfied that the terms and conditions have not changed in any material way from the draft documentation on which the preliminary rating was based.
For full details on the assigned rating, please see Merchantrade’s preliminary rating announcement dated June 28, 2024. The complete analysis is provided in the Credit Analysis Report which is available here.
Contacts:
Fahmi Hawari, +603-2717 2946/ fahmi@marc.com.my
Akmal Sadiq, +603-2717 2939/ akmal@marc.com.my
Hafiza Abdul Rashid, +603-2717 2955/ hafiza@marc.com.my