MARC withdraws debt rating of OSK Property's RM50 mil Class B BaIDS

KUALA LUMPUR: Malaysia Rating Corp Bhd (MARC) has withdrawn its rating of A-ID on OSK Property Holdings Bhd’s RM50 million Class B Serial Bai-Bithaman Ajil Islamic Debt Securities (Class B BaIDS) with immediate effect.

The rating withdrawal follows the final redemption of its outstanding RM17.5 million on the Class B BaIDS on April 6 and cancellation of the facility, as confirmed by its facility agent, OSK Investment Bank Bhd, the rating agency said in a statement on April 14. -- Bernama
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