KUALA LUMPUR: RAM Ratings Services Bhd has downgraded the ratings of Idaman Capital Bhd’s RM220mil senior fixed-rate bonds and RM20mil mezzanine fixed-rate bonds to “BBB2” and “BB2” respectively.
RAM Ratings said Friday that it had reaffirmed the ratings of its RM50mil class A super senior fixed-rate bonds and RM430mil class B super senior bonds at “AAA”, while reaffirming the C3 rating of the RM80mil subordinated bonds.
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