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MARC Ratings has withdrawn its AAA rating on Inverfin Sdn Bhd’s RM160 million Medium-Term Notes (MTN) programme. The rating withdrawal follows the full redemption of the RM160 million outstanding under the programme and subsequent termination of the programme as confirmed by the facility agent on March 6, 2023.With the withdrawal, MARC Ratings will no longer provide analytical coverage on the is...
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MARC Ratings has affirmed its rating of AAA on Inverfin Sdn Bhd's outstanding RM160 million Tranche A notes under the Medium-Term Notes (MTN) programme. Concurrently, the rating outlook has been revised to stable from negative.The rating affirmation is based on the loan-to-value (LTV) ratio of the Tranche A notes of 41.9% that is within the benchmark that MARC Ratings applies for the AAA rating ba...
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MARC has affirmed its rating of AAA on Inverfin Sdn Bhd’s Tranche A notes under the maximum limit of RM160 million of its Medium-Term Notes (MTN) programme. The outlook on the rating has been revised to negative from stable.The affirmed rating reflects the acceptable loan-to-value (LTV) ratio of 41.9% for the Tranche A notes that remains within the benchmark MARC applies for the rating band. The...
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MARC has affirmed its rating of AAA on Inverfin Sdn Bhd’s outstanding RM160 million Tranche A notes under its RM200 million Medium-Term Notes (MTN) programme. The rating outlook has been revised to stable from negative.The outlook revision reflects the significant improvement in occupancy level of the collateral property, Menara Citibank, which has eased pressure on rental income. At end-2019, t...
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MARC has affirmed its rating of AAA on Inverfin Sdn Bhd’s outstanding RM160 million Tranche A notes under its RM200 million Medium-Term Notes (MTN) programme. The programme limit of the Tranche A notes has been streamlined to match the outstanding amount of RM160 million from RM185 million. Concurrently, the programme limit of the unrated Tranche B notes has been increased to RM40 million. The ...
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MARC has withdrawn its ratings of AAA and AA on Inverfin Sdn Bhd’s RM185.0 million Tranche A Notes and RM15.0 million Tranche B Notes under its RM200.0 million Medium-Term Notes (MTN) Programme. The ratings withdrawal follows the full redemption of the outstanding first issuance of RM160.0 million Tranche A Notes upon its expected maturity on February 28, 2018. The redemption was met by proceed...
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MARC has affirmed its ratings on Inverfin Sdn Bhd’s (Inverfin) RM185 million Tranche A notes and RM15 million Tranche B notes at AAA and AA respectively under its RM200 million Medium-Term Notes (MTN) programme. Inverfin intends to issue RM160 million Tranche A notes, proceeds of which will be used to redeem the outstanding Tranche A notes maturing on February 28, 2018. Concurrently, MARC has a...
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MARC has affirmed its ratings on special purpose company Inverfin Sdn Bhd’s (Inverfin) RM200 million Medium-Term Notes (MTN) programme comprising RM185 million Tranche A notes and RM15 million Tranche B notes at AAA and AA respectively. The outlook on the ratings is stable. The current outstanding notes is RM160 million under Tranche A while no notes have been issued under Tranche B.
The n...
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MARC has affirmed its ratings on special purpose company Inverfin Sdn Bhd’s (Inverfin) Tranche A notes and Tranche B notes at AAA and AA respectively with a stable outlook. Inverfin currently has outstanding RM160 million Tranche A notes while Tranche B notes have not been issued as at date.
The notes are secured by a first legal charge over Inverfin’s 50-storey Menara Citibank building ...
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MARC has affirmed the ratings on special purpose company Inverfin Sdn Bhd’s (Inverfin) RM200 million Medium Term Notes (MTN) Programme comprising RM185 million of Tranche A notes and RM15 million of Tranche B notes at AAA and AA respectively. The outlook on the ratings is stable. The lower rating on the Tranche B notes reflects its subordination to Tranche A notes in respect of payment prio...
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