MARC has affirmed the ratings of Aragorn ABS Berhad’s (Aragorn) RM60.0 million Senior Class A CPs/MTNs, RM10.0 million Senior Class B CPs/MTNs (Senior Class CPs/MTNs), RM20.0 million Subordinated Class C MTNs and RM25.0 million Subordinated Class D MTNs (Subordinated Class MTNs) at MARC-1/AAA, MARC-1/AA, BB and B, respectively. The ratings reflect the quality of the property; the strong c...

Under this transaction, a bankruptcy remote special purpose vehicle, Aragorn ABS Berhad (Aragorn), will purchase a designated piece of land together with its building, Wisma Technip, by issuing up to RM115.0 million CPs/MTNs; renting the property to tenants for the benefit of the senior noteholders; and utilising rental collections towards making coupon payments. Monthly rental payments into th...