MARC has withdrawn its rating of AAA on Special Port Vehicle Berhad’s asset-backed serial bonds facility. The rating withdrawal follows the full redemption and subsequent cancellation of the facility as confirmed by the facility agent. Upon the rating withdrawal, MARC will no longer be providing analytical coverage on the issuer. Contacts: Adib Asilah, +603-2717 2943/ asilah@marc....

MARC has affirmed its AAA rating on Special Port Vehicle Berhad’s (SPVB) asset-backed serial bonds facility and concurrently revised the outlook to stable from negative. The rating action is premised on the sufficient amount in SPVB’s designated accounts to meet the RM180.0 million upcoming final principal repayment of Series 11 bond due on July 28, 2017. The designated accounts balance ...

MARC has affirmed its AAA rating on Special Port Vehicle Berhad’s (SPVB) asset-backed serial bonds facility. The outlook remains negative. The affirmed rating takes into account the timely track record of payment of deferred repayment obligations from Port Klang Authority (PKA) to SPVB under the Sale and Purchase Agreement (SPA). The SPA dated November 2002 between Kuala Dimensi Sdn Bhd (K...

MARC has affirmed its AAA rating on Special Port Vehicle Berhad’s (SPVB) RM1,310.0 million nominal amount asset-backed serial bonds facility with a negative outlook. The rating action affects the outstanding bonds of RM480.0 million. The affirmed rating is premised on the satisfactory and timely repayment track record of Port Klang Authority (PKA) in relation to its deferred repayment oblig...

MARC has affirmed the AAA rating on Special Port Vehicle Berhad’s (SPVB) RM1,310.0 million nominal amount asset-backed serial bonds facility with a negative outlook. The rating action affects the outstanding bonds of RM610.0 million. The bonds are backed by deferred payment receivables from Port Klang Authority (PKA) based on the sale and purchase of a 999.5-acre leasehold land on Pulau Inda...

MARC has affirmed the AAA rating on Special Port Vehicle Berhad’s (SPVB) RM1,310.0 million nominal amount asset-backed serial bonds facility with a negative outlook. The rating action affects the outstanding bonds of RM740.0 million following the redemption of the RM100.0 million Series 6 in July 2012. The assets backing the transaction comprise the deferred payments from Port Klang Authorit...

MARC has affirmed the rating of Special Port Vehicle Berhad’s (SPVB) RM1,310.0 million nominal amount asset-backed serial bonds facility at AAA with a negative outlook. The affirmed rating takes into account the satisfactory payment history of the Port Klang Authority (PKA) to date in respect of its deferred payment obligations for the land purchase and development costs of Port Klang Free Z...

MARC has affirmed the following issue ratings on the outstanding bonds and notes backed by deferred payment receivables due from Port Klang Authority (PKA) for the acquisition cost of land and development works in connection with the Port Klang Free Zone (PKFZ) project:Long-term rating of AAA on Special Port Vehicle Berhad’s (SPV) RM1,310.0 nominal amount asset-backed serial bonds facility; ...

MARC has affirmed its ratings on the four special purpose vehicle debt issuances which are supported by deferred payment receivables from Port Klang Authority (PKA) in respect of the land purchase and development costs of the Port Klang Free Zone (PKFZ) as follows:NoIssuersIssues*Current RatingsOutlook1.Special Port Vehicle Berhad (SPVB)RM1,310 million ABSBAAANegative2.Transshipment Megahub Berhad...

MARC has affirmed its ratings on the four special purpose vehicle debt issuances which are supported by deferred payment receivables from Port Klang Authority (PKA) in respect of the land purchase and development costs of the Port Klang Free Zone (PKFZ) as follows:1. Special Port Vehicle Berhad’s RM1,310 million Asset-Backed Serial Bonds at AAA; 2. Transshipment Megahub Berhad&rsqu...