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Farhan Darham
+603-2717 2945/ farhan@marc.com.my
Yazmin Abdul Aziz
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MARC Ratings has withdrawn its rating of AAAIS(bg)/Stable on Malaysia Steel Works (KL) Bhd’s (Masteel) RM130.0 million Sukuk Ijarah Programme guaranteed by Bank Pembangunan Malaysia Berhad at the request of the issuer. There is no outstanding under the programme which will expire on December 1, 2025.
Following the withdrawal, MARC Ratings will no longer provide analytical coverage on Masteel.
