Printer Friendly

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MARC has withdrawn its -ID and AID ratings on Alpha Circle Sdn Bhd's (Alpha Circle) MYR 345.0 million Senior Musharakah Medium Term Notes (MMTN) and MYR 35.0 million Junior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

2013 CPI Financial. All rights reserved. Provided by Syndigate.info , an Albawaba.com company
COPYRIGHT 2013 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:CPI Financial
Date:Nov 27, 2013
Words:136
Previous Article:Al Masah Capital: Dubai EXPO 2020 a win-win situation.
Next Article:al khaliji partners with DFI for inaugural Ajyal Youth Film Festival.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters