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MARC has withdrawn the MARC-1/AAA, MARC-1/AA, BB and B ratings assigned to Aragorn’s RM60.0 million Senior Class A CP/MTN, RM10.0 million Senior Class B CP/MTN, RM20.0 million Subordinated Class C MTN and RM25.0 million Subordinated Class D MTN with immediate effect following the full redemption of the CP/MTN notes on 3rd October 2007....
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MARC has affirmed the ratings of Aragorn ABS Berhad’s (Aragorn) RM60.0 million Senior Class A CPs/MTNs, RM10.0 million Senior Class B CPs/MTNs (Senior Class CPs/MTNs), RM20.0 million Subordinated Class C MTNs and RM25.0 million Subordinated Class D MTNs (Subordinated Class MTNs) at MARC-1/AAA, MARC-1/AA, BB and B, respectively. The ratings reflect the quality of the property; the stron...
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MARC has assigned ratings of MARC-1/AAA, MARC-1/AA, BB and B to Aragorn ABS Berhad’s (Aragorn) RM60.0 million Senior Class A CPs/MTNs, RM10.0 million Senior Class B CPs/MTNs, RM20.0 million Subordinated Class C MTNs and RM25.0 million Subordinated Class D MTNs respectively. Under this transaction, Aragorn, a bankruptcy remote special purpose vehicle, will purchase a designated piece of land toge...
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