TEXT-Malaysia's MARC rates UMW Holdings' Islamic term notes

Newswire

(The following statement was released by the rating agency) KUALA LUMPUR, June 23 - Malaysian Rating Corp (MARC) has assigned MARC-1ID/AAAID ratings to UMW Holdings Berhad's proposed 300 million ringgit Islamic Commercial Papers (ICP)/Medium Term Notes and 500 million ringgit Islamic Medium Term Notes (IMTN). Concurrently, MARC has affirmed its AAA corporate credit rating on UMW. The ratings reflect UMW's leadership position in the domestic automotive industry, strong businesses of ...

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