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MARC has withdrawn the MARC-2/A- ratings assigned to Equine Capital Berhad’s RM95 million CP/MTN programme with immediate effect following the full redemption of the facility on April 30, 2008 as confirmed by the facility agent, Alliance Investment Bank Berhad....
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MARC has reaffirmed the ratings of MARC-2/A- to Equine Capital Berhad’s (ECB) Commercial Papers/Medium-Term Notes Programme (CP/MTN Programme) of up to RM95 million with a developing outlook. The rating affirmation reflects MARC’s expectations of improvements in ECB’s operating and financial performance, supported by generally positive broad housing market trends and ECB’s ...
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MARC has lifted its MARCWatch Developing placement on Equine Capital Berhad (Equine Capital)’s ratings of A-/MARC-2 of up to RM95 million Commercial Papers/Medium Term Notes (“CP/MTN”).The original MARCWatch placement was made following confirmation from the issue’s trustee that a breach in the Debt Service Coverage Ratio (“DSCR”) had occurred as at March 31, 20...
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MARC’s A-/MARC-2 ratings on Equine Capital Berhad’s (ECB) Commercial Papers/Medium Term Notes Programme remain on MARCWatch Developing where they had been placed by MARC on April 18, 2007. The original MARCWatch placement was made following confirmation from the issue’s trustee that a breach in the Debt Service Coverage Ratio (“DSCR”) had occurred as at March 31, 2006...
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MARC has placed its A- / MARC-2 ratings on Equine Capital Berhad’s (“ECB”) Commercial Papers / Medium Term Notes Programme on MARCWatch Developing. The MARCWatch placement follows a recent confirmation from the issue’s trustee that a breach in the Debt Service Coverage Ratio (“DSCR”) had occurred as at March 31, 2006. This confirmation from the trustee comes a y...
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MARC has affirmed the rating of MARC-2/A- with stable outlook to Equine Capital Berhad’s (ECB or Issuer) Commercial Papers/Medium Term Notes Programme (CP/MTN Programme) of up to RM95 million. The rating reflects ECB’s high competitive position through its flagship developments in Seri Kembangan, credible track record of timely completion of its projects and low debt leverage pos...
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The ratings of MARC-2/A- assigned to Equine Capital Berhad’s (ECB) Commercial Papers /Medium-Term Notes Programme of up to RM95 million (CP/MTN Programme) reflects the ECB group’s strong competitive position through its flagship developments in Seri Kembangan and its credible track record of timely completion of quality projects. Mitigating the ratings are the inherent cyclicality of the prop...
This article has been viewed 944 times.