MARC lowered its rating on CapOne Berhad’s (CapOne) RM250 million Senior Class A-2 bonds to C from B. At the same time, the AA+ rating on the RM600 million Super Senior Class A-1 and the C rating on the RM50 million Mezzanine and RM100 million Subordinated bonds are affirmed. The outlook remains negative. The downgrade of Class A-2 bonds is premised on collateral deterioration following two ...

MARC has downgraded the ratings of CapOne Berhad’s (CapOne) RM600 million Super Senior Class A-1 and RM250 million Senior Class A-2 bonds to AA+ and B from AAA and BB respectively and affirmed its RM50 million Mezzanine Class B and RM100 million Subordinated bonds at C. Both of the downgraded classes carry a negative outlook. The downgrades reflect the continued credit deterioration of the u...

MARC has downgraded the rating of CapOne Berhad’s (CapOne) RM250.0 million Senior Class A-2 bonds to BB from BBB+; and affirmed the ratings of RM600.0 million Super Senior Class A-1 bonds, RM50 million Mezzanine Class B bonds and RM100.0 million subordinated secured bonds at AAA, C and C respectively. Concurrently, MARC has revised its outlook on the Super Senior Class A-1 to negative from s...

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 AA- to BBB+ and from BBB- to C respectively. Additionally, MARC has assigned a negative outlook for Senior Clas...

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 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 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 affirms three classes of bonds and downgrades one class of bonds issued by CapOne Berhad. The following rating actions are effective immediately:· RM600 million super senior class A-1 notes affirmed at `AAA`.· RM250 million senior class A-2 bonds affirmed at `AAA`;· RM50 million mezzanine bonds affirmed at `AA`; and· RM100 million subordinated bonds downgraded to...

MARC has assigned ratings of AAA to CapOne Berhad’s (CapOne) RM600.0 million Super Senior Class A-1 and RM250.0 million Senior Class A-2 secured fixed-rate asset-backed bonds; AA to RM50.0 million Mezzanine Class B secured fixed-rate asset-backed bonds; and BB to RM100.0 million subordinated secured variable-rate asset-backed bonds respectively. The ratings are based on the total credit en...