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RAM withdraws ratings on CCM (2879)

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RAM withdraws ratings on CCM (2879)

Post by hlk Fri 20 Jul 2012, 21:01

RAM Ratings has received confirmation that Chemical Company of Malaysia
Berhad (CCM) cancelled its RM500 million Musharakah Commercial
Papers/Medium-Term Notes Programmes (2008/2023)
(MCP/MMTN)on July 18.

In
a statement today, RAM Ratings said as such, it no longer has any
rating obligation on the debt instrument, which had been rated AA3/P1,
with a negative outlook on the long-term rating.

CCM had fully redeemed all outstanding Notes under the MCP/MMTN on Nov 29. -- Bernama

hlk: Moderator; Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

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