Posted Date: January 8, 2021

MARC has withdrawn its ratings of MARC-1/AA- on Sunway Berhad's RM2.0 billion Commercial Papers/Medium-Term Notes (CP/MTN) programme. The rating withdrawal follows completion of the refinancing exercise and full redemption of the programme upon its expiry on November 27, 2020.

The programme was refinanced with a new equivalent CP/MTN programme issued by Sunway in July 2020, which is rated MARC-1/AA-. The outlook on the ratings is stable. As at January 5, 2021, the outstanding under the programme stood at RM81.0 million.

Lim Wooi Loon, +603-2717 2943/ wooiloon@marc.com.my;
Taufiq Kamal, +603-2717 2951/ taufiq@marc.com.my.

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