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MARC has received confirmation from Reliance Pacific Berhad that its Serial Bonds of RM100.0 million were fully redeemed upon maturity on 25 July 2006. As such, MARC no longer has any rating obligation on the facility and the A- (A minus) rating is hereby withdrawn....
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The rating of Reliance Pacific Berhad’s (“RPB” or “the Group”) RM100 million Redeemable Secured Bonds (2001/2006) has been reaffirmed at A- (A minus). Underpinning the rating is the expected sustained growth in the travel and tourism industry and the group’s overall improved financial profile. The rating, however, is moderated by RPB’s reasonably high debt...
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MARC has received confirmation from the Facility Agent that Series II of Reliance’s Redeemable Secured Bonds (2001/2006) amounting to RM35.0 million had been redeemed on 25 July 2005. After the aforementioned redemption, the current outstanding Facility stands at RM50.0 million....
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MARC has upgraded the rating of Reliance Pacific Berhad’s (RPB or group) RM100 million Redeemable Secured Bonds (2001/2006) to A- (A minus). The upgrade is underpinned by the improvement in the travel and tourism industry and the group’s improved financial profile. The group returned to profitability after three consecutive years of losses whilst operating cash flow level returned to the black...
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Reliance Pacific Berhad’s (RPB) rating is reaffirmed at BBB+ reflecting the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and established brand name; coupled with improving sentiments in the travel and tourism industry. The rating, however, continues to be moderated by the group’s weak cash flow position and high gearing ...
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MARC has downgraded the rating of Reliance Pacific Berhad (RPB) RM100 million Redeemable Secured Bonds from A- to BBB+.The downgrade reflects the current weak and uncertain operating environment of the travel and hotel industry following the SARS outbreak and threat of terrorism and the weakened financial performance of RPB. The group’s consolidated Income Statements recorded losses for the past...
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MARC has placed the A- rating for Reliance Pacific Berhad (RPB) RM100 million Redeemable Secured Bonds on MARCWatch, with a negative outlook. The MARCWatch, with a negative outlook reflects the heightened threat of Severe Acute Respiratory Syndrome (SARS) on the travel and hotel industry, the principal activity of RPB. The travel warnings issued by the World Health Organisation (WHO) to discourage...
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MARC has reaffirmed its rating of A- (A minus) on Reliance Pacific Berhad’s (RPB) RM100 million Redeemable Secured Bonds. The rating reflects the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and a fairly tight issue structure. The rating, however, is moderated by the vulnerability of the travel/tourism businesses to ad...
This article has been viewed 1095 times.
Reliance Pacific Berhad’s (RPB) rating of A- (single A minus) in respect of its RM100 million Redeemable Secured Bonds reflects the group’s leading position in the travel industry supported by a wide distribution network, competitive cost structure and a fairly tight issue structure. The rating, however, is moderated by the vulnerability of the travel/tourism business to adverse developments...
This article has been viewed 1276 times.