Islamic Finance 

MARC withdraws rating on Alam Maritim Resources’ Sukuk Ijarah MTN Programme

| 12 February, 2019

MARC has withdrawn its DIS rating on Alam Maritim Resources Berhad’s RM500 million Sukuk Ijarah Medium-Term Notes (MTN) programme. The rating withdrawal is at the request of the issuer on February 6, 2019 following the completion of the restructuring exercise of the MTN as confirmed by the facility agent.

The sukuk rating was downgraded to DIS on July 7, 2017 following a missed payment.

 

Contacts: Lee Kar Xuan, +603-2717 2964 / karxuan@marc.com.my; Mohd Izazee Ismail, +603-2717 2947 / izazee@marc.com.my.

 

February 12, 2019

 

[This announcement is available in MARC’s corporate website at http://www.marc.com.my]

----   DISCLAIMER    ----

This communication is provided by Malaysian Rating Corporation Berhad (“MARC”) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.

 

© 2019 Malaysian Rating Corporation Berhad

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