Displaying 1-4 of 4 results.
MARC has removed its MARC-2/A ratings on Axis Incorporation Berhad’s (Axis) RM100.0 million Commercial Papers/Medium Term Notes Programme (CP/MTN) from MARCWatch Developing and withdrawn the ratings with immediate effect. The rating actions follow written confirmation from RHB Investment Bank Berhad of the full redemption and cancellation of the facility today, 22 January 2008.The ratings ha...
This article has been viewed 840 times.
MARC has revised the MARCWatch status on the MARC-2/A ratings of Axis Incorporation Berhad’s (Axis) RM100.0 million Commercial Papers / Medium-Term Notes Programme (CP/MTN) upon completion of its annual review, from Negative to Developing. The revision in MARCWatch status reflects an anticipated refinancing of the CP/MTN facility with bank borrowings by end 2007. The Company is at an advance...
This article has been viewed 878 times.
MARC has placed the MARC-2/A ratings of Axis Incorporation Berhad’s (Axis) RM100.0 million Commercial Papers / Medium Term Notes Programme (CP/MTN) on MARCWatch Negative. The MARCWatch placement reflects a breach of the gearing covenant on the part of Axis as at end-March 2007 which remains unresolved.Axis is involved in the garment and textile industry, with businesses in knitting and dyein...
This article has been viewed 883 times.
MARC has assigned respective short- and long- term ratings of MARC-2 and A with a developing outlook to Axis Incorporation Berhad’s (“Axis”) proposed RM100.0 million Commercial Papers/Medium-Term Notes (“CP/MTN”) Programme. The ratings reflect the group’s competitive position as an international OEM (“original equipment manufacturing”) player in the ...
This article has been viewed 861 times.