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MARC has received confirmation from Alliance Investment Bank Berhad as the facility agent for Road Builder (M) Sdn Bhd (“RBM”), that RBM’s RM400.0 million Repackaged RBM Income Securities Facility was fully redeemed on 30 November 2006. As such, MARC no longer has any rating obligation on the facility and the A+(s) rating is hereby withdrawn....
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MARC has reaffirmed the rating of Road Builder (M) Sdn Bhd’s (RBM) RM400 million Repackaged Income Securities at A+(s). The rating reaffirmation is due to the high cash coverage afforded to the outstanding bonds brought about by the accumulation of funds in the sinking fund account and a tight issue structure. RBM’s financial standing is affected by the backdrop of a challenging operating envi...
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Road Builder (M) Sdn Bhd’s (RBM) rating has been reaffirmed at A+(s) reflecting its competitive position in the civil engineering and building segment, good track record, experienced management team and a tight issue structure. The rating also reflects the shareholder support of up to RM200 million on a reducing balance provided by the holding company, Road Builder (M) Holdings Bhd (RBH). Modera...
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MARC has affirmed the rating of RBM’s RM400 million Repackaged Income Securities (2001-2006) of A+(s) (single A plus, support). The affirmed rating reflects its competitive position in the civil engineering and building segment, good track record, experienced management team and a tight issue structure. The rating also reflects the shareholder support of a maximum RM200 million on a reducing bal...
This article has been viewed 950 times.
MARC has affirmed the rating of RBM’s RM400 million Repackaged Income Securities (2001-2006) of A+(s) (single A plus, support). The affirmed rating reflects RBM’s competitive position in the civil engineering and building segment, good track record, experienced management team and a tight issue structure. The rating also reflects the shareholder support of up to a maximum RM200 million on a re...
This article has been viewed 950 times.
Road Builder (M) Sdn Bhd’s (RBM) rating of A+(s) (single A plus, support) in respect of its RM400 million Repackaged RBM Income Securities reflects RBM’s competitive position in the civil engineering and building segment; good track record; experienced management team and a tight issue structure. The rating also reflects the shareholder’s support of a maximum RM200 million on a reducing bala...
This article has been viewed 1044 times.