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MARC withdraws ratings on “Priceworth Wood’s CP”

Posted on: April 19, 2009


Bernama – Wednesday, April 15

KUALA LUMPUR, April 14 (Bernama) — Malaysian Rating Corporation Bhd (MARC) has withdrawn its MARC-2/ A ratings on Priceworth Wood Products Bhd’s RM160 million Commercial Papers/ Medium Term Notes Programme (Facility) with immediate effect.

In a statement, MARC said this followed the confirmation from the facility agent, RHB Investment Bank Bhd, of an early cancellation of the Facility on April 10, 2009, ahead of its original maturity date on May 11, 2012. — BERNAMA

CL SD

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