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MARC has affirmed its ratings of MARC-2/A+ on retailer Asia Brands Corporation Berhad’s (Asia Brands) RM70 million Commercial Papers/ Medium Term Notes (CP/MTN Programme) with a stable outlook. Concurrently, MARC is withdrawing its rating on the facility following the full redemption of outstanding debt and cancellation of the CP/MTN Programme facility. The ratings and outlook are underpinne...
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MARC has affirmed the short- and long-term ratings of MARC-2/A+ on Asia Brands Corporation Berhad’s (ABC) RM70.0 million Commercial Papers/Medium Term Notes (CP/MTN Programme) respectively. The outlook for the ratings is maintained at stable. The rating action is premised on ABC’s strong competitive position in the domestic baby products and ladies’ undergarment market segments, ...
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MARC has assigned short and long term ratings of MARC-2 and A+ to Asia Brands Corporation Berhad’s (ABC) issuance of up to RM70 million Commercial Papers/Medium Term Notes Programme (CP/MTN Programme) respectively. The ratings carry a Stable Outlook. The ratings reflect its prominent domestic brands in the baby products and children apparels and ladies’ undergarments segments, its low ...
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