MARC has affirmed the ratings of CapOne Berhad’s (CapOne) RM600.0 million Super Senior Class A-1 bonds and RM100.0 million subordinated secured bonds at AAA and C respectively; and downgraded the RM250.0 million Senior Class A-2 bonds and RM50.0 million Mezzanine Class B bonds from AAA to AA- and A- to BBB- respectively. At the same time, the ratings were removed from MARCWatch Negative, whe...

MARC has affirmed the ratings of Kerisma Berhad’s (Kerisma) RM870.0 million senior secured bonds, RM30.0 million mezzanine secured bonds and RM100.0 million subordinated secured bonds at AA-, A- and C, respectively. The affirmation is premised on the stabilized credit quality of the underlying loans portfolio since MARC’s last rating action in February 2008; higher credit enhancement l...

MARC has reaffirmed the ratings of CapOne Bhd’s (CapOne) RM600.0 million Super Senior Class A-1 bonds and RM250.0 million Senior Class A-2 bonds at AAA and downgraded RM50.0 million Mezzanine Class B bonds and RM100.0 million subordinated secured bonds from AA to A- and B to C respectively. At the same time, the ratings were removed from MARC Watch, where they had been placed on March 28, 20...

MARC has affirmed Prima Uno Berhad’s (Prima Uno) AAA-rated RM290.0 million Super Senior A, AAA-rated RM335.0 million Super Senior B, AAA-rated RM190.0 million Senior and AA-rated RM40.0 million Mezzanine secured bonds as well as BB-rated RM95.0 million subordinated secured bonds. The affirmed ratings reflect the satisfactory performance of the collateral pool as indicated by stable portfolio...

MARC has downgraded the ratings of Kerisma Bhd’s (Kerisma) RM870.0 million senior secured bonds, RM30.0 million mezzanine secured bonds and RM100.0 million subordinated secured bonds from AAA, AA and B to AA-, A- and C, respectively. The downgrades are premised on further deterioration in the underlying loan portfolio resulting from a new obligor default and erosion of credit enhancement lev...

MARC has reaffirmed the ratings of CapOne Bhd’s (CapOne) RM600.0 million super senior class A-1 bonds  and RM250.0 million senior class A-2 bonds at AAA; RM50.0 million mezzanine bonds at AA and downgraded the rating of the RM100.0 million subordinated secured bonds to B from BB- respectively. The lowered rating on the subordinated bonds reflects a new obligor default and further deteri...

MARC has reaffirmed the rating of Kerisma Bhd’s (Kerisma) RM870.0 million senior secured bonds at AAA; affirmed the RM30.0 million mezzanine secured bonds at AA- and downgraded the rating of the RM100.0 million subordinated secured bonds to B from BB- respectively. The lowered rating on the subordinated bonds reflects a new obligor default and further deterioration in the collateral pool sin...

MARC has reaffirmed the rating of Kerisma Bhd’s (Kerisma) RM870.0 million senior secured bonds at AAA; affirmed the RM30.0 million mezzanine secured bonds at AA- and downgraded the rating of the RM100.0 million subordinated secured bonds to B from BB- respectively. The lowered rating on the subordinated bonds reflects a new obligor default and further deterioration in the collateral pool sin...

MARC has assigned ratings of AAA to Prima Uno Berhad’s (Prima Uno) RM290.0 million Super Senior A, RM335.0 million Super Senior B and RM190.0 million Senior secured fixed-rate asset-backed bonds; AA to RM40.0 million Mezzanine secured fixed-rate; and BB to RM95.0 million subordinated junior secured variable-rate asset-backed bonds respectively. The ratings are based on the total credit enh...

MARC has affirmed the long-term ratings of Aegis One Bhd’s (Aegis One) RM900.0 million senior secured bonds and RM100.0 million subordinated secured bonds at AA and B respectively. The affirmation is premised on the ability of the portfolio to currently withstand AA-stress scenario; the protective features, i.e. the overcollateralization and interest coverage ratios incorporated into the ...