|
|
Marac's first-ranking debenture stock rated
Marac Finance's first-ranking secured debenture stock has been rated BBB- in its long-term rating and A-3 in its short-term rating by Standard & Poor's rating service.
Wednesday, June 11th 2008, 4:25PM
The rating applies to all long and short-term debt securities covered by the first-ranking debenture stock prospectus.
The securities issued under the debenture prospectus are covered by a trust deed and retain a charge over all of the non-securitized assets of Marac. All the securities are senior secured obligations of Marac and is highly unlikely that any change to the issuer credit ratings on Marac will affect the ratings assigned to the securities issued under the debenture prospectus, S&P said.
Commenting is closed
|
|
Today's Best Bank Rates
| Heartland Bank |
6.30 |
|
| Rabobank |
6.30 |
|
Based on a $50,000 deposit
More Rates » |
| Heartland Bank |
6.10 |
|
| Rabobank |
6.10 |
|
Based on a $50,000 deposit
More Rates » |
News Bites
Latest Comments
-
Summit to examine financial advice policy, regulation, and professional standards
“Picking up on Brian Coogan's comment on AML, I spent an hour I'll never get back on a Teams call with the DIA, which has...”
3 days ago by John Milner
-
Summit to examine financial advice policy, regulation, and professional standards
“@MrT – I pity the fool that tables a discussion on adviser commission.
Putting the commission issue to one side, there...”
6 days ago by Paul Flood
-
Summit to examine financial advice policy, regulation, and professional standards
“way, WAAAAAY too late to be talking about unintended consequences.
Way too late.
Failed to articulate the problem...”
6 days ago by Aggressively_passive
-
Summit to examine financial advice policy, regulation, and professional standards
“Brian Coogan, "there I've made some rules now pay me" says it all, aka "job creation".
If advisers do something like this,...”
6 days ago by w k
-
Summit to examine financial advice policy, regulation, and professional standards
“If by 'review' you mean more regulation, it's not the answer. Adding layers of clunk to the process only deters client engagement...”
8 days ago by Brian Coogan - Infinance
Subscribe Now
Previous News
-
Friday, April 5th, 4:35PM
General Finance seeing strong interest from UDC investors
-
Monday, July 3rd, 8:34PM
Finance boost for UDC buyer
-
Wednesday, June 21st, 7:33PM
UDC vote approves trust deed change
-
Tuesday, June 6th, 7:21PM
UDC: On track for sale
-
Thursday, May 4th, 8:10AM
FMT ticks over $500m in investments
-
Monday, April 10th, 6:00AM
Shareholders chip in
-
Thursday, January 12th, 10:23AM
UDC gets downgraded on sale news
-
Wednesday, January 11th, 11:21AM
ANZ sells UDC Finance
MORE NEWS»
Most Commented On
|
|
|
