MARC affirms three classes of bonds and downgrades one class of bonds issued by CapOne Berhad. The following rating actions are effective immediately:--RM600 million super senior class A-1 notes affirmed at 'AAA'.--RM250 million senior class A-2 bonds affirmed at 'AAA';--RM50 million mezzanine bonds affirmed at 'AA'; and--RM100 million subordinated bonds downgraded to 'BB-' from 'BB'.CapOne Berhad...

MARC is currently undertaking the annual review on CapOne Berhad’s (CapOne)  secured fixed rate asset-backed bonds comprising of RM600 million Super Senior Class A-1, RM250 million Senior Class A-2, RM50 million Mezzanine Class B and subordinated secured variable rate asset-backed bonds of RM100 million. Based on the portfolio review of the corporate loan borrowers (obligors), the portf...

MARC has assigned ratings of AAA to CapOne Berhad’s (CapOne) RM600.0 million Super Senior Class A-1 and RM250.0 million Senior Class A-2 secured fixed-rate asset-backed bonds; AA to RM50.0 million Mezzanine Class B secured fixed-rate; and BB to RM100.0 million subordinated junior secured variable-rate asset-backed bonds respectively. The ratings are based on the total credit enhancement of 68.8%...