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MARC withdraws rating on alpha circle's MYR 380 million MMTN programme.

MARC has withdrawn its -ID and AID ratings on Alpha Circle Sdn Bhd's (Alpha Circle) MYR 345.0 million Senior Musharakah Medium Term Notes (MMTN) and MYR 35.0 million Junior MMTNs respectively with immediate effect.

"The rating withdrawals follow the early redemption of the outstanding MYR 315.0 million Senior MMTNs and MYR 35.0 million Junior MMTNs on November 19, 2013 as confirmed by the facility agent, Bank Muamalat Malaysia Berhad," said MARC. "MARC's analytical coverage on Alpha Circle is now limited to the outstanding MYR 595.0 million Sukuk Musharakah Programme comprising RM540.0 million Senior Sukuk Musharakah and MYR 55.0 million Junior Sukuk Musharakah currently rated -IS and AIS respectively. The outlook on the ratings is stable."

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Publication:CPI Financial
Date:Nov 27, 2013
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