MARC Ratings has discontinued independent analytical coverage of Malaysian Industrial Development Finance Berhad (MIDF) and MBSB Investment Bank Berhad (MBSB IB) (formerly known as MIDF Amanah Investment Bank Berhad), at the request of both entities following their acquisition by MBSB Berhad.

Accordingly, MARC Ratings has withdrawn its corporate credit rating of A+/MARC-1 on MIDF and financial institution rating of A+/MARC-1 on MBSB IB. Neither MIDF nor MBSB IB has any outstanding issuance programmes. MARC Ratings will continue to rate MBSB (currently rated A+/MARC-1/Stable) and will incorporate the performance of MIDF and MBSB IB in its assessment of MBSB.