ApexHi elects to withdraw from CA Rating

Posted On Saturday, 11 February 2006 02:00 Published by eProp Commercial Property News
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ApexHi Properties Limited has elected not to have its previous “zaA stable” rating by local ratings agency CA-Ratings reviewed because it was no longer considered beneficial to the further raising of debt.

Brian AzizollahoffApexHi Properties Limited has elected not to have its previous “zaA stable” rating by local ratings agency CA-Ratings reviewed because it was no longer considered beneficial to the further raising of debt.

The decision has resulted in the withdrawal of the rating by CA-Ratings.

ApexHi is currently considering its options with regard to a rating, particularly in the light of the announcement on 9 February 2006 of a change in its capital structure, which will result in a C unit being introduced alongside the A and B units.

Should a rating be considered appropriate, ApexHi will seek a rating with an agency with an international affiliation, as required by those financial institutions with whom ApexHi transacts.

 

Last modified on Thursday, 08 May 2014 13:36

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