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Loading ... Loading ... Loading ...| 03 Feb 2012 |
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RAM Ratings has received confirmation from CIMB Investment Bank Berhad, the Facility Agent, that Pahlawan Power Sdn Bhd has fully redeemed its RM450 million Al-Bai Bithaman Ajil Islamic Debt Securities (2002/2012). As such, RAM Ratings no longer has any rating obligation on the said debt facility, and the AA1 rating (with a stable outlook) is no longer applicable.
For more information, please contact:
Media contact
Chew Wei Li
(603) 7628 1025
weili@ram.com.my
The credit rating is not a recommendation to purchase, sell or hold a security, inasmuch as it does not comment on the security's market price or its suitability for a particular investor, nor does it involve any audit by RAM Ratings. The credit rating also does not reflect the legality and enforceability of financial obligations, transfer and convertibility risks, repatriation risk, currency risk or any other risk apart from credit risk.
RAM Ratings receives compensation for its rating services, normally paid by the issuers of such securities or the rated entity, and sometimes third parties participating in marketing the securities, insurers, guarantors, other obligors, underwriters, etc. The receipt of this compensation has no influence on RAM Ratings' credit opinions or other analytical processes. In all instances, RAM Ratings is committed to preserving the objectivity, integrity and independence of its ratings. Rating fees are communicated to clients prior to the issuance of rating opinions. While RAM Ratings reserves the right to disseminate the ratings, it receives no payment for doing so, except for subscriptions to its publications.
Similarly, the disclaimers above also apply to RAM Ratings' credit-related analyses and commentaries, where relevant.
© Press Release 2012
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