KUALA LUMPUR: RAM Rating Services Bhd has received confirmation that ESSO MALAYSIA BHD [] fully redeemed and cancelled its RM300 million Islamic debt notes on Monday, May 9.
The ratings agency said on Friday, May 13 the debt notes involved were the commercial papers issuance facility programme (2004/2011).
'As such, RAM Ratings no longer has any rating obligation on the debt facility, which had previously carried a short-term rating of P1.
'Meanwhile, RAM Ratings will maintain surveillance on the preliminary P1 rating of Esso's proposed RM300 million Islamic commercial papers issuance programme (2011/2018),' it said.
The ratings agency said on Friday, May 13 the debt notes involved were the commercial papers issuance facility programme (2004/2011).
'As such, RAM Ratings no longer has any rating obligation on the debt facility, which had previously carried a short-term rating of P1.
'Meanwhile, RAM Ratings will maintain surveillance on the preliminary P1 rating of Esso's proposed RM300 million Islamic commercial papers issuance programme (2011/2018),' it said.
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