ANNOUNCEMENT DETAILS

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ANNOUNCEMENT DATE
:
11-Jul-2019
CATEGORY
:
RATING ANNOUNCEMENT
SUB-CATEGORY
:
RATING ANNOUNCEMENT
TITLE
:
SPORTS TOTO MALAYSIA SDN BHD
ISSUER NAME
:
SPORTS TOTO MALAYSIA SDN BHD
DESCRIPTION
:
-
CONTENT
:
MARC has withdrawn its rating of AA- on Sports Toto Malaysia Sdn Bhd's (Sports Toto) RM800.0 million 10-year Medium-Term Notes (MTN) Programme. The rating withdrawal follows the early cancellation of the programme, ahead of its expiration on June 30, 2020, as confirmed by the facility agent on July 8, 2019.

The outstanding notes under the 10-year MTN Programme was redeemed from the proceeds of Sports Toto's recent RM800.0 million 15-year MTN Programme that was established in 2017, for which MARC will continue to provide analytical coverage. This 15-year MTN programme carries a rating of AA- with a stable outlook.

Contacts: Sim Jun Da, +603-2717 2948/ [email protected]; Taufiq Kamal, +603-2717 2951/ [email protected]

July 11, 2019



  [This announcement is available in MARC's corporate website at http://www.marc.com.my]
--- DISCLAIMER ---
This communication is provided by Malaysian Rating Corporation Berhad (MARC) on the basis of information believed by MARC to be accurate and reliable as derived from publicly available sources or provided by the rated entity or its agents. MARC, however, has not independently verified such information and makes no representation as to the accuracy or completeness of such information. Any assignment of a credit rating by MARC is solely to be construed as a statement of its opinion and not a statement of fact. A credit rating is not a recommendation to buy, sell, or hold any security.

? 2019 Malaysian Rating Corporation Berhad

*** DISCLAIMER ***
THIS COMPUTER SYSTEMS AND APPLICATIONS ARE OWNED AND OPERATED BY BURSA MALAYSIA.
ATTACHMENT
:
-
SOURCE
:
BURSA
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