RAM withdraws Hubline's MCP/MTN ratings
Publish date: Mon, 05 Nov 2012, 06:26 PM
KUALA LUMPUR: RAM Ratings Services Bhd has withdrawn the
BBB1/Negative/P2 ratings of Hubline Bhd's RM150 million Murabahah Commercial Papers/Medium-Term Notes Programme (2005/2012) (MCP/MMTN).
It said this was following confirmation that Hubline had fully redeemed its outstanding RM45 million MCP/MMTN on October 25, and the subsequent cancellation of the facility on the same date.
"RAM Ratings has withdrawn the BBB1/Negative/P2 ratings of the MCP/MMTN and no longer has any rating obligation in respect of the said facility," it said in a statement today.
"We will, however, maintain surveillance on the outstanding RM30 million Bai' Bithaman Ajil Islamic Bonds under Hubline's RM70 million Bai' Bithaman Ajil Islamic Bonds (2005/2012) facility, currently rated BBB1 with a negative outlook," it added. -- BERNAMA
BBB1/Negative/P2 ratings of Hubline Bhd's RM150 million Murabahah Commercial Papers/Medium-Term Notes Programme (2005/2012) (MCP/MMTN).
It said this was following confirmation that Hubline had fully redeemed its outstanding RM45 million MCP/MMTN on October 25, and the subsequent cancellation of the facility on the same date.
"RAM Ratings has withdrawn the BBB1/Negative/P2 ratings of the MCP/MMTN and no longer has any rating obligation in respect of the said facility," it said in a statement today.
"We will, however, maintain surveillance on the outstanding RM30 million Bai' Bithaman Ajil Islamic Bonds under Hubline's RM70 million Bai' Bithaman Ajil Islamic Bonds (2005/2012) facility, currently rated BBB1 with a negative outlook," it added. -- BERNAMA
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cocd
v.good hubline.go n go
2012-11-05 21:49