Tag Archives: PRS Baa minus

MRT III Notes Upgraded to PRS Baa Minus

The credit rating for MRT III Funding Corporation Limited’s Asset-Backed Notes has been revised upwards, from PRS Ca to PRS Baa minus (as of August 6, 2008). A rating of PRS Baa is defined as, “Neither highly protected nor poorly secured. Interest payments and principal security appear adequate for the present but certain protective elements […]

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