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RAM REAFFIRMS RATING FOR BONDS OF MALAYSIA'S AFFIN HOLDINGS.

AsiaPulse News

| October 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

KUALA LUMPUR, Oct 1 Asia Pulse - Rating Agency Malaysia (RAM) has reaffirmed the AAA(bg) rating for Affin Holdings Berhad's (KLSE:AFIN) RM240 million (US$63.2 million) Guaranteed Redeemable Bonds (1997/2005).

It said the rating reflects the strength of the bank guarantee provided by Malayan Banking Berhad (Maybank), which carries a AAA rating by RAM.

The backing of the bank guarantee enhances the credit risk profile of the bonds beyond that of Affin Holdings' inherent or stand-alone credit risk, it said in a statement.

All risks associated with the bonds are expected to be absorbed ...

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Source: HighBeam Research, RAM REAFFIRMS RATING FOR BONDS OF MALAYSIA'S AFFIN HOLDINGS.