Wednesday August 8, 2012
Road Builder cancels RM400mil debt
KUALA LUMPUR: Road Builder (M) Sdn Bhd has cancelled its RM400 million commercial papers/medium-term notes programme (2006/2013).
RAM Ratings, in a statement, said it had received confirmation from facility agent AmInvestment Bank Bhd that Road Builder had cancelled the commercial papers.
“As such, RAM Ratings no longer has any rating obligation on the said debt facility, and the A1/P1 ratings are no longer applicable,” it said yesterday.