Marac's first-ranking debenture stock rated

The rating applies to all long and short-term debt securities covered by the first-ranking debenture stock prospectus.

The securities issued under the debenture prospectus are covered by a trust deed and retain a charge over all of the non-securitized assets of Marac. All the securities are senior secured obligations of Marac and is highly unlikely that any change to the issuer credit ratings on Marac will affect the ratings assigned to the securities issued under the debenture prospectus, S&P said.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Skellerup achieves another record result
August 21st Morning Report
Me Today signals capital raise and provides trading update
Seeka Announces Interim Result and Updates Guidance
FBU - Fletcher Building announces FY25 Results
August 20th Morning Report
RUA - New Zealand grown products support Rua's global strategy
Devon Funds Morning Note - 19 August 2025
Seeka Announces 15 cent Dividend
MCY - Major renewable build advanced despite 10% earnings dip