MARC has received the confirmation from the Lead Arranger and Trustee that SPN’S RM1 billion Fixed Rate Bonds (1998/2003) have been fully redeemed on 15 April 2003. Hence, MARC no longer has any rating obligation on the bonds and the AAA(s) rating is hereby withdrawn. ...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed Syarikat Perumahan Negara Berhad’s (SPN) RM1 billion 3% Fixed Rate Bonds (1998/2003) at AAA(s). The reaffirmation of the rating is primarily based on the external enhancement or support in the form of a ‘put option’, provided irrevocably and unconditionally by Petroliam Nasional Bhd (PETRONAS) to the bondholders. The option requir...

Malaysian Rating Corporation Berhad (MARC) has reaffirmed Syarikat Perumahan Negara Bhd’s (“SPN”) RM1 Billion Fixed Rate Bond rating at AAA(s). The rating reaffirmation is primarily based on the external enhancement or support in the form of a ‘put option’, provided irrevocably and unconditionally by Petroliam Nasional Bhd (PETRONAS) to the bondholders. The option requires PETRONAS to p...