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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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