Press Releases
Displaying 1-10 of 12 results.
Monday, Jan 28, 2008
MARC has downgraded the rating of Aegis One Berhad’s (Aegis One) RM100.0 million subordinated secured bonds to D from B to reflect Aegis One’s failure to make ultimate payment of principal on the RM100.0 million subordinated secured bonds by its extended maturity date of December 2007. Aegis One had earlier, redeemed in full its RM900.0 million senior secured bonds in November 2007.As ...

This article has been viewed 1035 times.
Thursday, Dec 06, 2007
MARC has withdrawn its AA rating on Aegis One Berhad’s (Aegis One) RM900.0 million senior secured bonds (senior bonds) following confirmation that the bonds were fully redeemed on November 30, 2007. Meanwhile, the B-rated RM100.0 million subordinated secured bonds (subordinated bonds) remain outstanding. Since the transaction was originated in 2002, the collateral pool experienced a total of...

This article has been viewed 1107 times.
Friday, Nov 30, 2007
This rating update is issued following the partial redemption of Aegis One Berhad’s (Aegis One) AA rated RM900.0 million senior secured bonds (senior bonds) on 29 November 2007.  MARC received confirmation from the trustee that RM860.39 million of Aegis One’s senior bonds had been redeemed on 29 November 2007, following which approximately RM19.77 million senior bonds and RM100.0 ...

This article has been viewed 1056 times.
Monday, Nov 19, 2007
This update on the performance of the Aegis One Berhad (Aegis One) collateral pool follows a single obligor rating downgrade to below BBB (lowest allowable rating) since MARC’s previous announcement in October 2007. All other obligor ratings remain unchanged.  To date 30.77% of the obligors (by loan amount) are rated in the BBB band. Notwithstanding the negative migration in the single ...

This article has been viewed 1134 times.
Thursday, Oct 11, 2007
MARC has issued this update in connection with its ongoing monitoring and review of the Aegis transaction. Since the affirmation of the AA and B ratings of Aegis One Bhd’s (Aegis One) RM900.0 million senior secured bonds and RM100.0 million subordinated secured bonds (Secured Bonds) in February 2007, the underlying corporate loan portfolio has experienced further collateral deterioration. Tw...

This article has been viewed 1003 times.
Friday, Feb 09, 2007
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 t...

This article has been viewed 1153 times.
Monday, Jul 24, 2006
MARC has downgraded the long-term ratings of Aegis One Bhd’s (Aegis One) RM900.0 million senior secured bonds and RM100.0 million subordinated secured bonds from AAA and BB to AA and B respectively. The downgrades are premised on the decline in the weighted average rating of Aegis One’s portfolio of corporate loans to BBB/BBB- from A-/BBB+ following the default of two obligors in the p...

This article has been viewed 1038 times.
Thursday, Jun 22, 2006
MARC is currently undertaking a review for possible downgrades on the long-term ratings of Aegis One Bhd’s (Aegis One) RM900.0 million senior secured bonds and RM100.0 million subordinated secured bonds. MARC had announced in March 2006 the reaffirmation with negative outlook on the long-term ratings of Aegis One’s senior and subordinated bonds at AAA and BB respectively following the ...

This article has been viewed 1070 times.
Friday, Mar 03, 2006
MARC has reaffirmed with negative outlook 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 AAA and BB respectively. The reaffirmation is based upon the weighted average rating of Aegis One’s portfolio of corporate loans at A-/BBB+; comfortable overcollateralization and interest coverage ratios; the adequ...

This article has been viewed 970 times.
Friday, Feb 04, 2005
MARC has reaffirmed 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 AAA and BB respectively. This is premised on the reaffirmation of the weighted average rating of Aegis One’s portfolio of corporate loans at A- / BBB+; comfortable overcollateralization and interest coverage ratios; the adequacy of supe...

This article has been viewed 1080 times.