Press Releases
Displaying 1-7 of 7 results.
Friday, Feb 29, 2008
MARC has withdrawn its AAA rating assigned to Auto ABS’s RM125.0 million Class A(3) bonds with immediate effect following confirmation from the trustee that Class A(3) bonds have been fully redeemed on 28th February 2008....

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Monday, Dec 10, 2007
MARC has withdrawn the AAA rating assigned to Auto ABS’s RM195.0 million Class A(2) bonds with immediate effect following the full redemption of Class A(2) bonds on 28th August 2007. MARC’s rating obligation in respect of Auto ABS’s up to RM510.0 million redeemable asset-backed bonds programme is now limited to the RM125.0 million Class A(3) bonds, which carries a AAA rating.As o...

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Tuesday, Mar 27, 2007
MARC has reaffirmed the long-term rating of Auto ABS One Bhd’s (Auto ABS) RM510.0 million Class A bonds at AAA. The reaffirmation reflects the portfolio of hire purchase receivables performing within MARC’s stress scenario, rising enhancement levels underpinned by the availability of overcollateralization of 151.3% (initial: 106.9%)  and a non-amortizing cash reserve equivalent to...

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Tuesday, Apr 25, 2006
MARC has reaffirmed the long-term rating of Auto ABS One Bhd’s (Auto ABS) RM510.0 million Class A bonds at AAA. This is premised on the portfolio of hire purchase receivables performing within stressed expectations, the availability of gross overcollateralization of 107.0% and a non-amortizing cash reserve equivalent to 2.5% of the nominal value of the bonds.Under the first tier of a two-tiered ...

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Wednesday, Mar 09, 2005
MARC has reaffirmed the long-term ratings of Auto ABS One Bhd’s (Auto ABS) RM510.0 million Class A bonds at AAA. This is premised on the portfolio of hire purchase receivables performing within stressed expectations, the availability of gross overcollateralization of 107.0% and a non-amortizing cash reserve equivalent to 2.5% of the nominal value of the bonds.Under the first tier of a two-tiered...

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Thursday, Mar 25, 2004
MARC has affirmed the long-term ratings of Auto ABS One Bhd’s (Auto ABS) RM510.0 million Class A bonds at AAA. This is premised on the portfolio of hire purchase receivables performing well within expectations, the availability of gross overcollateralization of 107.0% and a non-amortizing cash reserve equivalent to 2.5% of the nominal value of the bonds.Under the first tier of a two-tiered sale ...

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Friday, Feb 28, 2003
MARC has assigned long-term ratings of AAA (triple A) to Auto ABS One Berhad’s RM510 million redeemable asset-backed bonds, consisting of RM190 million nominal value Class A(1); RM195 million nominal value Class A(2) and RM125 million nominal value Class A(3).Under the first tier of a two-tiered sale structure, Bumiputra-Commerce Finance Bhd (BCF), the primary seller, will sell RM545 million pri...

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