Press Releases
Displaying 1-9 of 9 results.
Thursday, Apr 04, 2013
MARC withdraws its AAA ratings on Class Auto Receivables Berhad’s (Class Auto) Class B and Class C Notes following the notes’ early redemption on September 14, 2012 and December 14, 2012 respectively as confirmed by the facility agent, CIMB Investment Bank Berhad.MARC had earlier withdrawn its rating on Class A Notes on August 6, 2012 following the redemption of all remaining outstandi...

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Monday, Aug 06, 2012
MARC has affirmed its AAA ratings on Class Auto Receivables Berhad’s (Class Auto) Class B and Class C Notes with a stable outlook. The rating affirmation affects RM7.75 million of outstanding Class B Notes and RM20.0 million of outstanding Class C Notes. At the same time, MARC has withdrawn its AAA rating on the Class A Notes following the redemption of all remaining outstanding Class A Note...

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Tuesday, Sep 06, 2011
MARC has affirmed its AAA ratings on Class Auto Receivables Berhad’s (Class Auto) RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C Notes (collectively known as Notes Series 2007-A). Notes Series 2007-A represents the first series of issuances backed by a RM500.0 million portfolio of hire purchase receivables (Portfolio 2007-A) under Class Auto’s RM10.0 billion...

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Tuesday, Oct 19, 2010
MARC has affirmed its AAA rating on Class Auto Receivables Berhad’s (Class Auto) RM395.0 million Class A Notes with a stable outlook. At the same time, the agency has upgraded the ratings of the RM20.0 million Class B and RM20.0 million Class C Notes to AAA from AA and A+ respectively. The notes were issued under a RM10.0 billion Medium Term Notes (MTN) Programme. The rating outlook for Clas...

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Tuesday, Jan 05, 2010
MARC has affirmed the long-term ratings of Class Auto Receivables Berhad’s (Class Auto) RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C notes at AAA, AA and A+ respectively. The ratings carry a stable outlook for Class A and a positive outlook for Class B and Class C notes. The positive outlook has been assigned taking into account the better than expected performa...

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Thursday, Jan 22, 2009
MARC has affirmed the long-term ratings of Class Auto Receivables Berhad’s (Class Auto) RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C notes at AAA, AA and A+, respectively. The ratings carry a stable outlook. Since issuance through September 2008, the transaction has experienced better than expected delinquencies and cumulative defaults and lower than expected pr...

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Monday, Oct 22, 2007
MARC has issued this announcement following updates to Class Auto Receivables Berhad’s (Class Auto) portfolio post sale. MARC has assigned ratings of AAA, AA and A+ to Class Auto’s RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C Medium-Term Notes (MTN) respectively in September 2007.In October 2007, MARC was informed that there were updates to Class Auto&rsqu...

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Friday, Sep 14, 2007
MARC has assigned ratings of AAA, AA and A+ to Class Auto Receivables Berhad’s (Class Auto) RM395.0 million Class A, RM20.0 million Class B and RM20.0 million Class C Medium-Term Notes. Class Auto, a special purpose vehicle whose shares are held by the share trustee for the benefit of certain charities, was incorporated for the purpose of purchasing hire purchase receivables from the origina...

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Monday, Aug 20, 2007
MARC has assigned preliminary ratings of AAA, AA and A+ to Class Auto Receivables Berhad’s (Class Auto) RM[395.0] million Class A, RM[20.0] million Class B and RM[20.0] million Class C Medium-Term Notes. Class Auto, a special purpose vehicle whose shares are held by the share trustee for the benefit of certain charities, was incorporated for the purpose of purchasing hire purchase receivable...

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