PETALING JAYA: Alliance Bank Malaysia Bhd says the super senior tranches of Idaman Capital Bhd has adequate provision despite RAM Rating Services Bhd's downgrading of the company's senior, mezzanine and subordinated bonds.
Alliance Bank said in a statement yesterday that the downgrade by the rating agency was due to the weaker credit profile of one of the obligors that accounted for RM40mil of the total loans portfolio value of RM800mil.
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