KUALA LUMPUR (Feb 17): RAM Rating Services Bhd will continue to monitor the A2/Negative/P2 rating of SILVER BIRD GROUP BHD []’s RM30 million commercial papers/medium-term notes programme (2005/2012).
The ratings agency also said on Friday it had received confirmation that Silver Bird Group fully redeemed the last tranche of its RM70 million serial bonds (2005/2012) on Jan 13, ahead of the debt facility’s maturity date of Feb 15.
RAM said the facility has been cancelled and it no longer has any rating obligation on the serial bonds which had been previously rated A2, with a negative outlook.
The ratings agency also said on Friday it had received confirmation that Silver Bird Group fully redeemed the last tranche of its RM70 million serial bonds (2005/2012) on Jan 13, ahead of the debt facility’s maturity date of Feb 15.
RAM said the facility has been cancelled and it no longer has any rating obligation on the serial bonds which had been previously rated A2, with a negative outlook.
