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Published on 12/4/2020 in the Prospect News Emerging Markets Daily.

S&P ends Press Metal ratings

S&P said it discontinued its issuer credit rating on Press Metal Aluminium Holdings Bhd. (PMB) and its B+ rating on the debt issued by its subsidiary Press Metal (Labuan) Ltd.

The discontinuation follows PMB’s redemption of all remaining outstanding senior unsecured bonds (due 2022) by PMB exercising a call option at the issuer’s discretion.


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