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MARC affirms rating of Menara Citibank owner Inverfin's debt notes


Menara Citibank has an NLA of 734,533 sq ft. and recorded an occupancy level of 81.2% as at end-2020 (end-2019: 86.0%).
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed the AAA rating of Menara Citibank owner Inverfin Sdn Bhd’s Tranche A notes while the outlook of the rating has been revised to negative from stable.
It said on Thursday the Tranche A notes are under the maximum limit of RM160mil of its medium-term notes (MTN) programme.
MARC explained the affirmed rating reflects the acceptable loan-to-value (LTV) ratio of 41.9% for the Tranche A notes that remains within the benchmark MARC applies for the rating band. ....

Kuala Lumpur , Inverfin Sdn Bhd , Malaysian Rating Corporation , Citigroup Transaction Servicesm Sdn Bhd , Menara Citibank , Citibank Bhd , Citigroup Transaction Services , Sdn Bhd , Corporate News , குவாலா லம்பூர் , மலேசியன் ரேடிஂக் நிறுவனம் , சிட்டி வங்கி , சிட்டி குழுமம் , மெனாரா சிட்டி வங்கி , சிட்டி வங்கி ப்ட் , ஸ்டன் ப்ட் , பெருநிறுவன செய்தி ,

Caution continues


At least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd. This means the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being. A source from RHB Investment told StarBiz that Serba Dinamik securities are considered as high-risk.
PETALING JAYA: After several rating downgrades and hitting limit-down for two consecutive days, at least one broker is requiring investors to pay cash upfront to buy shares of Serba Dinamik Holdings Bhd
.
This means that the standard practice of the T+2 settlement cycle will not apply for the oil and gas services company for the time being. ....

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MSNBC Andrea Mitchell Reports June 1, 2021 16:56:00

Just on the 16th of june in geneva? you know, i have concerns about this summit. some of my former colleagues from the agency who work on russia, the same, it s a bit of a reward for putin. but if we re going to meet, biden has to be tough. russians understand only one thing and that s brute strength. i believe biden should address this issue and because ultimately, people are doing harm to our diplomats and intelligence officers overseas. in my view, it s an act of war, and it has to be stopped. marc, thank you so much. please take care. thank you for being with us today. and that does it for this edition of andrea mitchell reports. i will be on assignment the next few days. ment i will be coming in, checking in with all of you so keep an eye out on facebook and twitter @mitchellreports for where i may pop up. up next, meet the press daily only on msnbc. ....

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