SINGAPORE (S&P Global Ratings) Sept. 14, 2018--S&P Global Ratings today withdrew its 'BBB-' long-term issuer credit rating on IOI Corp. Bhd. at the issuer's request. The outlook was stable at the time of the withdrawal.
At the same time, we withdrew our 'BBB-' issue rating on all of the company's guaranteed senior unsecured notes. These include Japanese yen-denominated term loans by IOI Ventures (L) Bhd. and US$600 million senior unsecured notes drawn down from the US$1.5 billion medium-term note program by IOI Investment (L) Bhd. Both IOI Ventures and IOI Investment are wholly owned subsidiaries of IOI Corp.